Luby’s to close more restaurants to help pay off debt amid declining sales – KTRK-TV
HOUSTON, Texas (KTRK) — Luby’s announced it plans to shutter more restaurants after closing eight properties in May due to declining sales. The sale totaled $11.6 million, helping the company pay down its $39.5 million outstanding debt. President and CEO Chris Pappas says the company plans to sell off more properties. It’s also looking at…