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 ...

Company Overview - Kura Sushi USA is a fast-growing restaurant concept that serves authentic Japanese cuisine through a revolving sushi service model, creating an engaging dining atmosphere [1] - The company has been assigned a Zacks Rank 5 (Strong Sell) due to negative earnings estimate revisions from analysts [5] Financial Performance - Kura Sushi USA is experiencing significant revenue growth, with projections of 28% growth this year and 24% next year, which are considered strong numbers for long-term investors [2] - However, profitability is a concern in the intermediate term, with the Zacks Consensus Estimate for the current year revised from a profit of $0.26 to a loss of $0.35, and next year's estimate revised from $0.58 to $0.15, resulting in a high valuation of 413 times next year's earnings [2][5] Industry Context - The Retail – Restaurants industry is currently in the bottom 29% of the Zacks Industry Rank, indicating overall challenges within the sector [3] - The restaurant business is facing difficulties, with notable closures across various chains, suggesting a broader trend of weakening in the industry [4]

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 ...

IRVINE, Calif., May 29, 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 fireside chat at the William Blair's 44th Annual Growth Stock Conference in Chicago, IL. Kura's discussion will begin at 1:20 p.m. CT on Wednesday, June 5, 2024. Investors and interested parties may access the presentation on our corporate website at www.kurasushi.com under the investor relations section. ...

IRVINE, Calif., May 29, 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 fireside chat at the William Blair's 44th Annual Growth Stock Conference in Chicago, IL. Kura's discussion will begin at 1:20 p.m. CT on Wednesday, June 5, 2024. Investor Relations Contact: Jeff Priester or Steven Boediarto (657) 333-4010 investor@kurausa.com About Kura Sushi USA, Inc. Kura Sushi USA, Inc. ...