 HOUSTON, April 26, 2021 PRNewswire -- Lubys, Inc. NYSE: LUB Lubys which is in the process of monetizing its assets for the benefit of its shareholders, announced today its financial results for the second quarter ended March 10, 2021. Financial Results Liquidation Basis of Accounting As a result of Lubys shareholder approval of its plan of liquidation on November 17, 2020, effective November 19, 2020, in accordance with Generally Accepted Accounting Principles GAAP, the Company began reporting its financial results on the liquidation basis of accounting. 