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Kura Sushi USA Announces Fiscal First Quarter 2026 Financial Results
Globenewswire· 2026-01-07 21:05
Core Insights - Kura Sushi USA, Inc. reported financial results for the fiscal first quarter ended November 30, 2025, highlighting a total sales increase but a decline in comparable restaurant sales [1][5][10]. Financial Performance - Total sales reached $73.5 million, up from $64.5 million in the first quarter of 2025, representing a year-over-year increase of approximately 12.3% [5][10]. - Comparable restaurant sales decreased by 2.5%, driven by negative traffic of 2.5% and flat price/mix compared to the same quarter in the previous year [5][10]. - The operating loss was $3.7 million, worsening from a loss of $1.5 million in the first quarter of 2025 [9][10]. - Net loss was $3.1 million, or $(0.25) per diluted share, compared to a net loss of $1.0 million, or $(0.08) per diluted share, in the first quarter of 2025 [11][10]. Cost Structure - Food and beverage costs as a percentage of sales increased to 29.9% from 29.0% in the first quarter of 2025, primarily due to tariffs on imported ingredients [6]. - Labor and related costs as a percentage of sales decreased to 32.5% from 32.9% in the first quarter of 2025, attributed to menu price increases and operational initiatives [6]. - General and administrative expenses rose to $9.6 million from $8.7 million in the first quarter of 2025, but as a percentage of sales, they decreased to 13.0% from 13.5% [8]. Restaurant Development - The company opened four new restaurants during the fiscal first quarter of 2026, bringing the total to 83 locations across 22 states and Washington D.C. [13][17]. - Kura Sushi aims to open a total of 16 new restaurants in fiscal 2026, with ten units currently under construction [4]. Outlook - For the full fiscal year of 2026, Kura Sushi maintains its guidance of total sales between $330 million and $334 million, with an annual unit growth rate above 20% [19].
Kura Sushi USA to Announce Fiscal First Quarter 2026 Financial Results on January 7, 2026
Globenewswire· 2025-12-17 14:00
Core Viewpoint - Kura Sushi USA, Inc. will host a conference call to discuss its fiscal first quarter 2026 financial results on January 7, 2026, at 5:00 p.m. ET, with a press release issued the same day after market close [1]. Group 1 - The conference call will be hosted by Hajime "Jimmy" Uba, President and CEO, Jeff Uttz, CFO, and Benjamin Porten, SVP of Investor Relations & System Development [1]. - Interested parties can listen to the conference call via telephone or through a webcast available on the company's website [2]. - A telephone replay of the call will be available shortly after it concludes, with specific access details provided [2]. Group 2 - Kura Sushi USA, Inc. operates 83 locations across 22 states and Washington DC, offering a unique dining experience centered on authentic Japanese cuisine and a revolving sushi service model [3]. - The company was established in 2008 as a subsidiary of Kura Sushi, Inc., which has over 650 restaurants globally and a brand history of 45 years [3].
Kura Sushi USA to Announce Fiscal Fourth Quarter and Fiscal Year 2025 Financial Results on November 6, 2025
Globenewswire· 2025-10-16 13:00
Core Points - Kura Sushi USA, Inc. will host a conference call on November 6, 2025, to discuss its fiscal fourth quarter and fiscal year 2025 financial results [1] - The conference call will be led by key executives including the President and CEO, CFO, and SVP of Investor Relations [1] - A press release with the financial results will be issued after market close on the same day [1] Company Overview - Kura Sushi USA, Inc. operates 81 locations across 22 states and Washington DC, offering a unique dining experience with authentic Japanese cuisine and a revolving sushi service model [3] - The company was established in 2008 as a subsidiary of Kura Sushi, Inc., which has over 650 restaurants globally and a 45-year brand history [3]
Kura Sushi USA to Participate in Two Investor Conferences in September
Globenewswire· 2025-09-02 20:05
Company Overview - Kura Sushi USA, Inc. is a technology-enabled Japanese restaurant concept with 79 locations across 22 states and Washington DC [1] - The company offers a distinctive dining experience based on authentic Japanese cuisine and a revolving sushi service model [1] - Established in 2008 as a subsidiary of Kura Sushi, Inc., which has over 650 restaurants and 45 years of brand history in Japan [1] Investor Engagement - On September 10, 2025, the company will meet with institutional investors at the 2025 Benchmark Consumer 1x1 Investor Conference in New York, NY [2] - On September 11, 2025, the company will host a fireside chat at the Piper Sandler Growth Frontiers Conference in Nashville, TN, starting at 1:00 p.m. CT, which will be webcast live [2]
Kura Sushi USA Announces Fiscal Third Quarter 2025 Financial Results
Globenewswire· 2025-07-08 20:05
Core Insights - Kura Sushi USA, Inc. reported financial results for the fiscal third quarter ended May 31, 2025, highlighting a total sales increase to $74.0 million from $63.1 million in the same quarter of 2024, despite a 2.1% decrease in comparable restaurant sales [5][10][11]. Financial Performance - Total sales reached $74.0 million, a 17.5% increase from $63.1 million in Q3 2024 [5][10]. - Comparable restaurant sales decreased by 2.1%, driven by a 2.9% decline in traffic and a 0.8% increase in price/mix [5][10]. - Net income was $0.6 million, or $0.05 per diluted share, compared to a net loss of $0.6 million, or $(0.05) per diluted share, in Q3 2024 [9][10]. - Adjusted net income was $0.6 million, or $0.05 per diluted share, compared to an adjusted net income of $4,000, or $0.00 per diluted share, in Q3 2024 [11][31]. - Restaurant-level operating profit was $13.5 million, representing 18.2% of sales, down from $12.6 million, or 20.0% of sales, in Q3 2024 [11][30]. - Adjusted EBITDA was $5.4 million, an increase from $4.5 million in Q3 2024 [11][33]. Cost Structure - Food and beverage costs as a percentage of sales decreased to 28.3% from 29.2% in Q3 2024, attributed to menu price increases and supply chain initiatives [6]. - Labor and related costs increased to 33.1% of sales from 32.6% in Q3 2024, primarily due to rising wage rates [6]. - Occupancy and related expenses rose to $5.5 million from $4.3 million in Q3 2024, mainly due to the opening of thirteen new restaurants [7]. - General and administrative expenses were $8.7 million, slightly down from $8.9 million in Q3 2024, with a decrease in percentage of sales to 11.8% from 14.0% [8]. Restaurant Development - The company opened three new restaurants during the fiscal third quarter of 2025, located in Scottsdale, Arizona; Lynnwood, Washington; and McKinney, Texas [12]. - Following the quarter, two additional restaurants were opened in The Woodlands, Texas, and Salt Lake City, Utah [12]. Fiscal Year 2025 Outlook - For the full fiscal year of 2025, the company anticipates total sales of approximately $281 million and plans to open 15 new restaurants, maintaining an annual unit growth rate above 20% [18].
Kura Sushi USA to Announce Fiscal Third Quarter 2025 Financial Results on July 8, 2025
Globenewswire· 2025-06-24 13:00
Company Overview - Kura Sushi USA, Inc. is a technology-enabled Japanese restaurant concept with 77 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 third quarter 2025 financial results on July 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 hosted by key executives including Hajime "Jimmy" Uba, Jeff Uttz, and Benjamin Porten [1]
Kura Sushi USA to Participate in Two Investor Conferences in June
Globenewswire· 2025-05-27 13:00
Company Overview - Kura Sushi USA, Inc. is a technology-enabled Japanese restaurant concept with 76 locations across 20 states and Washington DC [1] - The company offers a distinctive dining experience based on authentic Japanese cuisine and a revolving sushi service model [1] - Established in 2008 as a subsidiary of Kura Sushi, Inc., which has over 650 restaurants internationally and 45 years of brand history [1] Upcoming Events - On June 3, 2025, the company will host a fireside chat at William Blair's 45th Annual Growth Stock Conference in Chicago, IL, starting at 12:00 p.m. CT [2] - On June 4, 2025, the company will host a fireside chat at TD Cowen's 9th Annual Future of the Consumer Conference in New York, NY, starting at 2:45 p.m. ET [2] - Both discussions will be webcast live on the company's corporate website under the investor relations section [2]