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 ...

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. ...

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. ...

Kura Sushi USA, Inc. (NASDAQ:KRUS) Q2 2024 Earnings Conference Call April 4, 2024 5:00 PM ET Company Participants Benjamin Porten - SVP, IR and System Development Hajime Jimmy Uba - President and CEO Jeff Uttz - CFO Conference Call Participants Jeffrey Bernstein - Barclays Jon Tower - Citigroup Mark Smith - Lake Street Capital Matt Curtis - William Blair CJ Dipolino - Craig-Hallum Capital Group George Kelly - ROTH Operator Good afternoon, ladies and gentlemen, and thank you for standing by. Welcome to the K ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, DC 20549 FORM 10-Q (Mark One) ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended February 29, 2024 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from __________ to __________ Indicate by check mark whether the registrant is a large accelerated filer, an accelerated filer, a non-accelerated filer, a smaller ...