Luby's announced unaudited financial results for its second quarter fiscal 2015, which ended on February 11, 2015. Total revenues increased $2.4 million to $91 million.
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Loss from continuing operations before special items was $0.04 per diluted share compared to income from continuing operations before special items of $0.01 per diluted share in the second quarter fiscal 2014.
Total revenue increased $2.4 million. Same-store sales increased 2.5
Restaurant sales increased by $2.6 million to $85.5 million in the second quarter fiscal 2015 compared to $82.9 million in the second quarter fiscal 2014.
Sales increased at Luby's Cafeteria by $0.3 million to $54.6 million. The increase in sales at Luby's Cafeterias resulted from a 3.1% increase in same-store sales offset by the absence in sales from three closed Luby's Cafeterias. The 3.1% increase in same-store Luby's Cafeteria sales resulted from a 2.2% increase in guest traffic and a 0.9% increase in average spend per guest.
Sales increased $2.2 million at our Fuddruckers restaurants. The sales increase at Fuddruckers restaurants resulted from a 2.1% increase in same-store sales and the incremental sales contribution from nine new Fuddruckers restaurants (including four locations that were converted from Cheeseburger in Paradise restaurants), with these additions partially offset by the absence of sales from four closed Fuddruckers restaurants.
The 2.1% increase in same-store sales at Fuddruckers restaurants resulted from a 1.8% increase in guest traffic and a 0.3% increase in average spend per guest.
Sales increased $3.4 million at our Combo locations due to a 2.4% increase in sales at our first Combo location (included in our same-store grouping) and the sales contribution from four new Combo locations. The Combo locations together represented 5.8% of our total restaurant sales in the second quarter fiscal 2015 compared to 1.8% of our total restaurant sales in the second quarter fiscal 2014.
Sales declined $3.1 million at our Cheeseburger in Paradise restaurants due to a reduction in operating restaurants included in our continuing operations, down from 16 restaurants at the end of second quarter fiscal 2014 to eight restaurants in the second quarter fiscal 2015.
In addition, sales declined 4.8% at the eight Cheeseburger in Paradise restaurants in operation during the second quarter fiscal 2015. Offsetting the $3.1 million sales decline was $1.4 million in sales recaptured at the four locations that were converted from a Cheeseburger in Paradise restaurant to a Fuddruckers restaurant.
We ceased operations at the remaining Koo Koo Roo Chicken restaurant prior to the start of fiscal 2015. The absence of those sales accounted for an additional $0.3 million reduction in total restaurant sales.
Revenue from franchise operations was $1.6 million in the second quarter fiscal 2015 compared to $1.5 million in the second quarter fiscal 2014. We ended the quarter with 107 franchise locations in our Fuddruckers franchise network.
Revenue from Culinary Contract Services decreased to $3.8 million in the second quarter fiscal 2015 compared to $4.0 million in the second quarter fiscal 2014. We ended the second quarter fiscal 2015 operating 24 locations, an increase from 22 locations at the end of the second quarter fiscal 2014 but a decrease from 26 locations in first quarter fiscal 2015.
Store level profit, defined as restaurant sales less cost of food, payroll and related costs, other operating expenses, and occupancy costs, was $9.5 million, or 11.1% of restaurant sales in the second quarter fiscal 2015 compared to $9.4 million or 11.3% of restaurant sales in the second quarter fiscal 2014.
While higher food commodity costs continued to represent a significant cost pressure, we were able to increase store level profit by $0.1 million through top-line restaurant sales growth of $2.6 million, allowing us to leverage our other operating expenses.
Offsetting the $0.1 million increase in store level profit was the higher depreciation expense and higher interest expense related to our growth strategy, leading to reduced income from continuing operations. Store level profit is a non-GAAP measure and reconciliation to income from continuing operations is presented after the financial statements.
In the second quarter fiscal 2015, the company reported a loss from continuing operations of $1.2 million, or a loss of $0.04 per diluted share.
This compares to loss from continuing operations of $1.6 million, or a loss of $0.05 per diluted share, in the second quarter fiscal 2014. Results in fiscal 2015 and fiscal 2014 included various special items.
Excluding special items, the loss from continuing operations was also $1.2 million, or a loss of $0.04 per diluted share, in second quarter fiscal 2015, compared to income from continuing operations of $0.3 million, or earnings of $0.01 per diluted share, in second quarter fiscal 2014. ■