Luby’s, in the midst of long-running turnaround effort, formed a new “board special committee,” the company announced this week.

The two-fold turnaround plan at Luby’s remains a work in progress, chief executive Chris Pappas said during Monday’s third-quarter review.

Luby’s closed 27 restaurants in the past year as it continues a challenging turnaround effort.

One of Luby’s messages throughout its recent proxy fight has centered on the notion that “we’ve been here before.” When the Pappas brothers began directing the company 18 years ago, they had to clo

Luby’s believes it has a turnaround plan in place, and that its executive team is the right group for the job.

Over the past year, Luby’s has tried to turn around its financial fortunes and improve profitability.

Houston-based Luby’s Inc., the operator of 147 restaurants nationwide, including 84 Luby’s Cafeteria locations, provided an update September 14 to a previously announced asset sales program it hope

Luby’s, Inc., the parent company of Luby’s Cafeteria, Fuddruckers, and Cheeseburger in Paradise, plans to close more restaurants as “the current competitive restaurant environment,” challenges its