Luby's, Inc. (NYSE: LUB) ("The Company") announced today that, as a result of the COVID-19 outbreak, it has temporarily suspended all operations at 25 Fuddruckers restaurants and 14 Luby's Cafeterias to comply with applicable governmental requirements and due to operating realities. The Company will continue to monitor requirements related to COVID-19, and it will periodically re-evaluate and determine when its restaurants will reopen. The State of Texas has issued an executive order closing in-restaurant dining throughout the State, effective midnight Friday, March 20th through midnight April 3rd. Dallas and Houston had previously issued similar orders.
The safety, health and well-being of our guests and employees are our highest priority, and we are working diligently throughout our organization to ensure precautionary health measures for everyone and we have taken important steps to elevate our focus beyond our customary high standards of sanitation, cleaning and employee hygiene. The Company is closely reviewing guidance from the Centers for Disease and Control Prevention (CDC), as well as local health authorities, and we are following their guidance to keep people safe.
To serve our guests during these times, we will continue to operate 64 Luby's Cafeterias and 8 Fuddruckers restaurants via carry-out, drive-thru, online ordering, ordering via our brand apps, delivery, and third party delivery (depending on location) via DoorDash.com / FavorDelivery.com / GrubHub / UberEats.com and Waitr.
The number of operating restaurants is subject to change as we adjust operations in response to the COVID-19 outbreak and governmental requirements. Please visit our websites for updated information and recommended guidelines as we continue to assess the situation over the coming weeks and months: Lubys.com / Fuddruckers.com / Lubysinc.com
It is our honor to serve our guests and our communities, and we look forward to serving them at our open locations. We anxiously await the opportunity to reopen our temporarily suspended locations as soon as conditions improve.
At this time, neither the duration nor scope of the disruption can be predicted, therefore, the negative financial impact to our results cannot be reasonably estimated. We will provide an update during our Q2 FY2020 earnings announcement.
About Luby's
Luby's, Inc. (NYSE: LUB) operates 119 restaurants nationally as of December 18, 2019: 78 Luby's Cafeterias, 40 Fuddruckers, one Cheeseburger in Paradise restaurants. Luby's is the franchisor for 97 Fuddruckers franchise locations across the United States (including Puerto Rico), Canada, Mexico, Colombia, and Panama. Luby's Culinary Contract Services provides food service management to 33 sites consisting of healthcare, corporate dining locations, sports stadiums, and sales through retail grocery stores.
