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Kura Sushi USA(KRUS) - 2025 Q2 - Quarterly Results
2025-04-08 20:17
Financial Performance - Total sales for the fiscal second quarter of 2025 were $64.9 million, an increase from $57.3 million in the same quarter of 2024[5] - The net loss for the three months ended February 28, 2025, was $3.781 million, compared to a net loss of $0.998 million for the same period in 2024, indicating a significant increase in losses[27] - Net loss for the quarter was $3.8 million, or $(0.31) per diluted share, compared to a net loss of $1.0 million, or $(0.09) per diluted share, in the second quarter of 2024[10] - Adjusted net loss was $1.7 million, or $(0.14) per diluted share, compared to an adjusted net loss of $1.0 million, or $(0.09) per diluted share, in the second quarter of 2024[11] - Adjusted EBITDA for the three months ended February 28, 2025, was $2.674 million, slightly down from $2.850 million in the same period last year, resulting in an adjusted EBITDA margin of 4.1%[29] Sales and Revenue Trends - Comparable restaurant sales decreased by 5.3% in the second quarter of 2025 compared to the second quarter of 2024, primarily due to reduced traffic[5] - Comparable restaurant sales performance declined by 5.3% for the three months ended February 28, 2025, compared to an increase of 3.0% in the same period of 2024[29] - Total sales for the three months ended February 28, 2025, increased to $64.894 million, up from $57.291 million for the same period in 2024, representing a growth of 13.8%[27] Operating Costs and Expenses - The operating loss was $4.6 million, compared to an operating loss of $1.7 million in the second quarter of 2024[8] - Restaurant operating costs for the three months ended February 28, 2025, totaled $58.388 million, compared to $50.706 million in the prior year, reflecting an increase of 15.4%[27] - General and administrative expenses increased to $11.0 million, or 16.9% of sales, primarily due to a $2.1 million litigation settlement[9] - The operating loss margin for the three months ended February 28, 2025, was 7.1%, compared to 2.9% in the same period of 2024, indicating a worsening of operational efficiency[29] Growth and Expansion - The company opened three new restaurants during the fiscal second quarter of 2025, with a total of 11 units opened to date and six more under construction[4][12] - For the full fiscal year 2025, the company projects total sales between $275 million and $279 million and plans to open 14 new restaurants[16] - The number of restaurants at the end of the period increased to 73, up from 59 in the previous year, marking a growth of 23.7%[29] Assets and Equity - Total assets as of February 28, 2025, were $410.372 million, up from $328.522 million as of August 31, 2024, reflecting a growth of 24.9%[29] - Total stockholders' equity increased to $225.045 million as of February 28, 2025, compared to $162.538 million as of August 31, 2024, representing a growth of 38.5%[29] Strategic Focus - The company is focusing on new market opportunities and has begun testing several systems projects that have been in development[4]
Kura Sushi USA Announces Fiscal Second Quarter 2025 Financial Results
Globenewswire· 2025-04-08 20:05
Core Insights - Kura Sushi USA, Inc. reported financial results for the fiscal second quarter ended February 28, 2025, highlighting a total sales increase but a decline in comparable restaurant sales [1][5][10] Financial Performance - Total sales reached $64.9 million, up from $57.3 million in the same quarter of 2024, representing a year-over-year increase of approximately 28% [5][10] - Comparable restaurant sales decreased by 5.3% compared to the second quarter of 2024, primarily due to reduced customer traffic [5][10] - The operating loss was $4.6 million, worsening from a loss of $1.7 million in the second quarter of 2024 [9][10] - Net loss amounted to $3.8 million, or $(0.31) per diluted share, compared to a net loss of $1.0 million, or $(0.09) per diluted share, in the prior year [11][10] - Adjusted net loss was $1.7 million, or $(0.14) per diluted share, compared to an adjusted net loss of $1.0 million, or $(0.09) per diluted share, in the second quarter of 2024 [11][10] - Restaurant-level operating profit was $11.2 million, representing 17.3% of sales, consistent with the previous year [11][10] - Adjusted EBITDA was $2.7 million, down from $2.9 million in the second quarter of 2024 [12][10] Cost Structure - Food and beverage costs as a percentage of sales decreased to 28.7% from 29.6% in the second quarter of 2024, attributed to menu price increases and supply chain initiatives [6][10] - Labor and related costs increased to 34.8% of sales from 33.0% in the same quarter of 2024, primarily due to rising wage rates [6][10] - Occupancy and related expenses rose to $5.1 million from $4.0 million, driven by the opening of fourteen new restaurants since the second quarter of 2024 [7][10] - General and administrative expenses increased to $11.0 million from $8.2 million, largely due to a $2.1 million litigation settlement [8][10] Restaurant Development - During the fiscal second quarter of 2025, the company opened three new restaurants in Berkeley, California; Fort Worth, Texas; and Paramus, New Jersey [13] - Following the quarter, two additional restaurants were opened in Scottsdale, Arizona, and Lynnwood, Washington [13] Fiscal Year 2025 Outlook - The company reiterated its annual guidance, projecting total sales between $275 million and $279 million and plans to open 14 new restaurants, maintaining an annual unit growth rate above 20% [19]
Kura Sushi Earnings Are Imminent; These Most Accurate Analysts Revise Forecasts Ahead Of Earnings Call
Benzinga· 2025-04-07 15:39
Core Insights - Kura Sushi USA, Inc. is set to release its second-quarter financial results on April 8, with analysts expecting a quarterly loss of 13 cents per share, compared to a loss of 9 cents per share a year ago [1] - The company projects quarterly revenue of $64.91 million, an increase from $57.29 million a year earlier [1] - Kura Sushi issued FY25 sales guidance below estimates on January 7 [1] Stock Performance - Kura Sushi shares fell 8% to close at $43.61 on Friday [2] Analyst Ratings - TD Securities analyst Andrew Charles reiterated a Hold rating with a price target of $72 [4] - Barclays analyst Jeffrey Bernstein maintained an Equal-Weight rating and reduced the price target from $102 to $75 [4] - Citigroup analyst Jon Tower maintained a Neutral rating and cut the price target from $116 to $71 [4] - Craig-Hallum analyst Jeremy Hamblin maintained a Buy rating and raised the price target from $85 to $120 [4] - Piper Sandler analyst Brian Mullan maintained a Neutral rating and increased the price target from $63 to $98 [4]
Kura Sushi USA to Announce Fiscal Second Quarter 2025 Financial Results on April 8, 2025
Globenewswire· 2025-03-25 13:00
Company Overview - Kura Sushi USA, Inc. is a technology-enabled Japanese restaurant concept with 74 locations across 20 states and Washington DC [3] - The company offers a distinctive dining experience based on authentic Japanese cuisine and a revolving sushi service model [3] - Established in 2008 as a subsidiary of Kura Sushi, Inc., which has over 650 restaurants internationally and 45 years of brand history [3] Upcoming Financial Results - Kura Sushi will host a conference call to discuss fiscal second quarter 2025 financial results on April 8, 2025, at 5:00 p.m. ET [1] - A press release with the financial results will be issued on the same day after market close [1] - The conference call will be led by President and CEO Hajime "Jimmy" Uba, CFO Jeff Uttz, and SVP Investor Relations & System Development Benjamin Porten [1]
Kura Sushi USA to Announce Fiscal Second Quarter 2025 Financial Results on April 8, 2025
Newsfilter· 2025-03-25 13:00
Company Overview - Kura Sushi USA, Inc. is a technology-enabled Japanese restaurant concept with 74 locations across 20 states and Washington DC [3] - The company offers a distinctive dining experience based on authentic Japanese cuisine and a revolving sushi service model [3] - Established in 2008 as a subsidiary of Kura Sushi, Inc., which has over 650 restaurants internationally and 45 years of brand history [3] Upcoming Financial Results - Kura Sushi will host a conference call to discuss fiscal second quarter 2025 financial results on April 8, 2025, at 5:00 p.m. ET [1] - A press release with the financial results will be issued on the same day after market close [1] - The conference call will be led by President and CEO Hajime "Jimmy" Uba, CFO Jeff Uttz, and SVP Investor Relations & System Development Benjamin Porten [1]
Kura Sushi: Biting Into This Temaki Near The Support Line
Seeking Alpha· 2025-03-19 12:55
Core Insights - The article discusses the expertise of a specialized equity analyst in the restaurant sector, focusing on various dining segments in the U.S. market [1] Company Analysis - The company, Goulart's Restaurant Stocks, is dedicated to analyzing restaurant stocks across multiple segments, including QSR, fast casual, casual dining, fine dining, and family dining [1] - Advanced analytical models and specialized valuation techniques are employed to provide detailed insights and actionable strategies for investors [1] Industry Engagement - The analyst actively participates in academic and journalistic initiatives, contributing to institutions that promote individual and economic freedom [1] - Previous contributions include columns on monetary policy, financial education, and financial modeling aimed at making these topics accessible to a broader audience [1]
Kura Sushi: Dig In, This Dip Is A Well-Timed Buying Opportunity
Seeking Alpha· 2025-01-29 22:48
Perhaps in no other industry has the pinch of inflation been more keenly felt than in the restaurant space, where restaurateurs are grappling with skyrocketing labor costs and rising food prices, and diners are being shell-shocked by menu prices that seem muchWith combined experience of covering technology companies on Wall Street and working in Silicon Valley, and serving as an outside adviser to several seed-round startups, Gary Alexander has exposure to many of the themes shaping the industry today. He h ...
Here's Why Kura Sushi (KRUS) is Poised for a Turnaround After Losing -13.55% in 4 Weeks
ZACKS· 2025-01-17 15:35
Kura Sushi (KRUS) has been on a downward spiral lately with significant selling pressure. After declining 13.6% over the past four weeks, the stock looks well positioned for a trend reversal as it is now in oversold territory and there is strong agreement among Wall Street analysts that the company will report better earnings than they predicted earlier.Guide to Identifying Oversold StocksWe use Relative Strength Index (RSI), one of the most commonly used technical indicators, for spotting whether a stock i ...
Kura Sushi: Weakest Guidance Sets The Tone From Here On Out
Seeking Alpha· 2025-01-15 02:13
You know the story. When Mr. Market expects a lot from you, you better not disappoint him. He might get upset even if the outcome isn’t that bad. This could be the Q1I'm an Equity Analyst and Accountant specializing in restaurant stocks, with a strong foundation in Business Administration and Accounting, complemented by an MBA in Forensic Accounting and Controllership. As the founder of Goulart's Restaurant Stocks, I lead a company focused on analyzing restaurant stocks in the U.S. market. Our coverage span ...
Kura Sushi Stock Dips Into a Hot Buying Opportunity
MarketBeat· 2025-01-10 12:00
Kura Sushi USA TodayKRUSKura Sushi USA$90.09 -12.09 (-11.83%) 52-Week Range$48.66▼$122.81Price Target$89.75Add to WatchlistKura Sushi’s NASDAQ: KRUS stock price retreated following the FQ1 2025 release, dipping into a hot buying opportunity for small-cap and restaurant investors. The move is due to the guidance, which fell short and expects growth to slow, but many factors, including the pace of Q1 and store count growth, suggest otherwise.  The likely scenario is that this company will continue to outperf ...