Subject to certain conditions set forth in the JOBS Act, we are also eligible for and intend to take advantage of certain exemptions from various reporting requirements applicable to other public companies that are not emerging growth companies, including (i) the exemption from the auditor attestation requirements with respect to internal control over financial reporting under Section 404 of the Sarbanes-Oxley Act, (ii) the exemptions from say-on-pay, say-on-frequency and say-on-golden parachute voting requ ...

Other costs as a percentage of sales increased to 14.4% compared to 12.5% in the third quarter of 2023. The increase was primarily driven by advertising and promotion, software licenses, repairs and maintenance, utilities, operating supplies and travel expenses. Conference Call Non-GAAP Financial Measures Kura Sushi USA, Inc. Statements of Operations and Comprehensive (Loss) Income (in thousands, except per share amounts; unaudited) Kura Sushi USA, Inc. Reconciliation of Operating (Loss) Income to Restauran ...

IRVINE, Calif., July 09, 2024 (GLOBE NEWSWIRE) -- Kura Sushi USA, Inc. ("Kura Sushi" or the "Company"), (NASDAQ:KRUS), a technology-enabled Japanese restaurant concept, today announced that Treasa Bowers has been appointed to serve as an independent member of the Board of Directors effective July 9, 2024. Ms. Bowers has also been appointed to the Audit Committee and Compensation Committee of the Board of Directors. Hajime Uba, President, Chief Executive Officer and Chairman of Kura Sushi, stated, "We are de ...

Ms. Bowers is the Executive Vice President and Chief Human Resources Officer for 7-Eleven, Inc., where she leads the company's talent strategy, overseeing talent acquisition, talent management, training and development, total rewards and employee relations. Ms. Bowers currently serves on CSN's Diversity and Inclusion Advisory Board, as well as the Boards of Directors of Scholarship America and the Global Leadership Enhancement and Mentoring Network. Hajime Uba, President, Chief Executive Officer and Chairma ...

Fiscal Third Quarter 2024 Highlights * Adjusted net income, Restaurant-level operating profit and Adjusted EBITDA are non-GAAP measures and are defined below under "Key Financial Definitions." Please see the reconciliation of non-GAAP measures accompanying this release. See also "Non-GAAP Financial Measures" below. Review of Fiscal Third Quarter 2024 Financial Results Food and beverage costs as a percentage of sales were 29.2% compared to 30.0% in the third quarter of 2023. The decrease is primarily due to ...

Today's Bear of the Day is a stock in the restaurant industry. It's Zacks Rank #5 (Strong Sell) Kura Sushi USA ((KRUS) ). Kura Sushi USA is a fast-growing, technology-enabled restaurant concept serving authentic Japanese cuisine through an engaging revolving sushi service model. The Kura experience creates an exciting atmosphere that promotes a sense of discovery and enables guests to control the variety, portioning, check size and pace of their dining experience. It's not all gloom and doom for this name. ...

The lower-than-expected preliminary financial results for the fiscal third quarter were due to unanticipated softness in the California market. Despite the unexpected sales volumes, the company's team made diligent efforts to control costs, which allowed KRUS to maintain its restaurant-level operating profit margins of 20% and manage general and administrative costs effectively. The company expects total sales to be $63.1 million. In third-quarter fiscal 2024, comparable restaurant sales are likely to have ...

IRVINE, Calif., June 27, 2024 (GLOBE NEWSWIRE) -- Kura Sushi USA, Inc. ("Kura Sushi" or the "Company") (NASDAQ: KRUS), a technology-enabled Japanese restaurant concept, today announced preliminary unaudited results for the third quarter of fiscal 2024. Total sales are expected to be approximately $63.1 million; Comparable restaurant sales are expected to have increased approximately 0.6% for the third quarter of 2024 as compared to the third quarter of 2023; and Restaurant-level operating profit* is expecte ...

IRVINE, Calif., June 27, 2024 (GLOBE NEWSWIRE) -- Kura Sushi USA, Inc. ("Kura Sushi" or the "Company") (NASDAQ: KRUS), a technology-enabled Japanese restaurant concept, today announced preliminary unaudited results for the third quarter of fiscal 2024. Total sales are expected to be approximately $63.1 million; Comparable restaurant sales are expected to have increased approximately 0.6% for the third quarter of 2024 as compared to the third quarter of 2023; and Restaurant-level operating profit* is expecte ...

The earnings report might help the stock move higher if these key numbers are better than expectations. On the other hand, if they miss, the stock may move lower. This company is expected to post quarterly earnings of $0.15 per share in its upcoming report, which represents a year-over-year change of -6.3%. The consensus EPS estimate for the quarter has remained unchanged over the last 30 days. This is essentially a reflection of how the covering analysts have collectively reassessed their initial estimates ...