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Interested parties may listen to the conference call via telephone by dialing 201-689-8471. A telephone replay will be available shortly after the call has concluded and can be accessed by dialing 412-317-6671; the passcode is 13751708. IRVINE, Calif., June 24, 2025 (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 third quarter 2025 financial result ...

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Summary of Kura Sushi Conference Call Company Overview - Kura Sushi is a subsidiary of Kura Japan, established in the U.S. in 2009, and went public in February 2022. [3][4] - The company has expanded from 4 states to 20 states plus Washington D.C., with over 70 restaurants. [4] - Kura Sushi has maintained a unit growth rate of over 20% annually for the last five years, positioning itself as a significant player in a fragmented sushi industry. [4][5] Core Business Insights - The sushi industry is highly fragmented, with Kura Sushi and Nobu controlling only about 2% of the market revenue. [5] - Kura Sushi leverages technology to enhance operational efficiency, including the implementation of a reservation system and the introduction of the Ishrobot for automation. [5][6] Value Proposition - Kura Sushi focuses on providing high-quality ingredients at competitive prices, with a price gap of approximately 50% compared to competitors. [10][11] - Recent limited-time offers (LTOs) have included high-quality items at lower prices, showcasing the brand's unique value proposition. [9][10] IP Collaborations and Comp Trends - The company has increased its IP collaborations to 7-8 for the next fiscal year, aiming to reduce volatility in comparable sales. [12][13] - The first month of IP campaigns tends to outperform the second month, which is a strategy to enhance sales consistency. [13] Reservation System Rollout - Over 60 units have implemented the reservation system, which is expected to significantly improve customer experience by reducing wait times. [15][16] - The reservation system aims to eliminate the two-step decision-making process for customers, enhancing overall satisfaction. [17][18] Tariff Impact and Cost Management - Approximately 60% of Kura Sushi's supplies are sourced overseas, primarily from Asia and Japan. [20] - The company has experienced a minimal impact of 20 basis points on cost of goods sold (COGS) due to tariffs, thanks to strong supplier relationships. [22][26] - Kura Sushi has successfully reduced its COGS from 30% to the low 29% range over the past three years. [23] Labor Costs and Inflation - The company has faced unexpected high single-digit labor inflation but anticipates a return to low to mid-single digits. [30][31] - Labor-related initiatives are expected to yield significant benefits during high sales periods, improving operational efficiency. [32][33] Expansion Strategy - Kura Sushi aims for a 20% unit growth rate, focusing on quality site selection and management. [44] - The company has a strong pipeline for new locations, with a goal to achieve a 50-50 split between new and existing markets by fiscal 2027. [42][43] Financial Position - Kura Sushi has $100 million on its balance sheet and does not anticipate needing additional capital raises to sustain its growth. [45][46] Customer Feedback and Improvements - The primary customer complaints have been related to wait times and the accuracy of wait times, which the reservation system aims to address. [48][51] - Adjustments have been made to the prize system for families to enhance customer experience and increase plate consumption. [52] Conclusion - Kura Sushi is positioned for continued growth through strategic expansion, technological advancements, and a focus on customer satisfaction, while effectively managing costs and navigating market challenges. [54]

IRVINE, Calif., May 27, 2025 (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 two upcoming investor conferences: On Tuesday, June 3, 2025, the Company will host a fireside chat at William Blair’s 45th Annual Growth Stock Conference in Chicago, IL. Kura’s discussion will begin at 12:00 p.m. CT and will be webcast live on our corporate website at www.kurasushi.com under the in ...

GEN Restaurant Group (GENK) Q1 2025 Earnings Call May 13, 2025 05:00 PM ET Company Participants Thomas Croal - Chief Financial OfficerDavid Kim - Chairman & CEOWill Forsberg - Equity Research Associate Conference Call Participants Todd Brooks - Equity Research AnalystGeorge Kelly - Managing Director, Senior Research Analyst Operator Please also note today's event is being recorded. At this time, I would like to turn the floor over to Tom Kearl, the company's Chief Financial Officer. Sir, you may begin. Thom ...

GEN Restaurant Group (GENK) Q1 2025 Earnings Call May 13, 2025 05:00 PM ET Speaker0 Please also note today's event is being recorded. At this time, I would like to turn the floor over to Tom Kearl, the company's Chief Financial Officer. Sir, you may begin. Speaker1 Thank you, operator, and good afternoon. By now, everyone should have access to our first quarter twenty twenty five earnings release. If not, it can be found at www.jenkoreanbbq.com in the Investor Relations section. Before we begin our formal r ...

CERRITOS, Calif., May 13, 2025 (GLOBE NEWSWIRE) -- GEN Restaurant Group, Inc. (“GEN” or the “Company”) (Nasdaq: GENK), owner of GEN Korean BBQ, a fast-growing casual dining concept with an extensive menu and signature “grill at your table” experience, is announcing financial results for the first quarter ended March 31, 2025. First Quarter 2025 Financial and Recent Operational Highlights Total revenue grew 13.0% year-over-year to $57.3 million for the first quarter.Restaurant-level adjusted EBITDA(1) incre ...