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Luby's Cafeterias 1. What does the analysis of available financial and stock market information tell us? The financial information shows that the total operating expenses of the company increased between the years 1994 and 1998. The provisions of store closings were too high in 1998, and contributed negatively on payroll and related expenses. Also occupancy and general administrative costs have increased. Those operating expenses were the areas that savings must start from. Luby's Cafeterias net income declined since 1994. That financial information shows that, the company was not able to operate effectively and efficiently in order to cover its expenses. The revenues increased dramatically, however the lack of management skills showed its negative impact on the increased expenses and the decline in operating income. Even not considering the provisions of store closings the company will be still on decline because the food and payroll areas have the most impact on expenses....

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