Luby’s to sell Fuddruckers to Nicholas Perkins

Luby’s, Inc. Signs Agreement to Sell the Fuddruckers Franchise Business to Affiliate of Nicholas Perkins
Part of Execution of Company’s Monetization Plan

HOUSTON, TX (StLouisRestaurantReview) Luby’s, Inc. (“Luby’s” or the “Company”) (NYSE: LUB), today announced the Company has entered into an agreement to sell the Fuddruckers franchise business operations to a newly formed affiliate of Nicholas Perkins.  The Company had previously sold/franchised a number of Company-owned Fuddruckers restaurants to a Perkins affiliate, making him one of the largest Fuddruckers franchisees.

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