You have an error in the LOOKUP hashref. Here’s a simplified version that will output what you expect–
use strict;
use warnings;
my $rec = { TEXT => "Fred loves Ethel",
SEQUENCE => [ 13, 27, 47, 98 ],
LOOKUP => { cars => 'Buick', dog => 'hound' } };
print $rec->{TEXT}, "\n",
$rec->{SEQUENCE}[0], "\n",
$rec->{LOOKUP}{dog}, "\n";
Notes — Find the difference between your LOOKUP and mine. Always use strict and warnings (at least when starting). You can pass a list of things to print so only one is necessary. The newlines generally have to be asked for as well. Welcome to the monastery and good luck with Perl! It’s a terrific language.
(Update: LanX usually welcomes newcomers… Sorry you had to settle for me. :P)