IRVINE, Calif., Oct. 21, 2024 (GLOBE NEWSWIRE) -- Kura Sushi USA, Inc. (“Kura Sushi” or the “Company”), (NASDAQ: KRUS), a technology-enabled Japanese restaurant concept, today announced that it will host a conference call to discuss fiscal fourth quarter and fiscal year 2024 financial results on Wednesday, November 6, 2024 at 5:00 p.m. ET. A press release with fiscal fourth quarter and fiscal year 2024 financial results will be issued that same day after the market closes. Hosting the conference call and we ...

Kura Sushi USA, Inc. (KRUS) is likely to benefit from technological initiatives and strategic expansion. The company's strong financial position with no debt bodes well. However, challenging macroeconomic environment and elevated labor costs are concerns. Growth Catalysts for KRUS Stock KRUS continues to innovate and leverage technology to enhance customer experience and drive growth. The company recently completed the rollout of its smartphone mobile ordering system and is preparing to introduce a reservat ...

Some unusual news from across the Pacific Ocean combined with a bullish new analyst take to make the company a hot item with investors. While there was little news of note directly concerning Japanese restaurant chain operator Kura Sushi USA (KRUS 9.43%) over the past few days, an analyst's move on the stock and a bit of unusual news from its parent company combined to blast the stock higher. It had booked a nearly 24% gain in price week to date as of early Friday morning, according to data compiled by S&P ...

IRVINE, Calif., Aug. 28, 2024 (GLOBE NEWSWIRE) -- Kura Sushi USA, Inc. ("Kura Sushi" or the "Company"), (NASDAQ: KRUS), a technology-enabled Japanese restaurant concept, today announced that it will participate in the following investor conferences: On Wednesday, September 11, 2024, the Company will host a fireside chat at the Piper Sandler Growth Frontiers Conference in Nashville, TN. Kura's discussion will begin at 9:00 a.m. CT and will be webcast live on our corporate website at www.kurasushi.com under t ...

Operating Highlights Adjusted EBITDA in the fiscal third quarter amounted to $4.5 million compared with $5.1 million in the prioryear quarter. Store Developments Kura Sushi currently carries a Zacks Rank #5 (Strong Sell). The Zacks Consensus Estimate for EAT's 2024 sales and earnings per share (EPS) indicates 5.2% and 43.1% growth, respectively, from the year-earlier actuals. The Zacks Consensus Estimate for LOCO's 2025 sales and EPS indicates 3.8% and 9.9% growth, respectively, from the prior-year figures. ...

Loading... Loading... U.S. stock futures were higher this morning, with the Nasdaq futures gaining around 50 points on Wednesday. Shares of Kura Sushi USA, Inc. KRUS fell sharply in today's pre-market trading after the company posted downbeat results for its third quarter on Tuesday. Kura Sushi reported quarterly earnings of $0.00 per share which missed the analyst consensus estimate of $0.01. The company reported quarterly sales of $63.082 million which missed the analyst consensus estimate of $63.101 mill ...

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 ...

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 ...