During the Q&A, management said it expects positive comparable sales in Q2 and reiterated confidence in achieving flat to slightly positive comps for the full year , while declining to provide specific expectations for the price-and-mix component given only two months of post-price data.The company implemented a 3.5% menu price increase on November 1 , which management noted did not benefit the full first quarter. Uttz said effective pricing for the quarter was 3.5%, and after lapping prior-year increases, ...

Financial Data and Key Metrics Changes - Total sales for the fiscal first quarter were $73.5 million, up from $64.5 million in the prior year period, representing a comparable sales growth of negative 2.5% [10][12] - Cost of goods sold as a percentage of sales was 29.9%, compared to 29% in the prior year quarter, influenced by tariffs on imported ingredients [11][12] - Labor costs as a percentage of sales decreased to 32.5% from 32.9% in the prior year, attributed to operational initiatives [6][11] - Net loss was $3.1 million, or negative $0.25 per share, compared to a net loss of $1 million, or negative $0.08 per share in the prior year [12][14] - Adjusted net loss was $2.8 million, or negative $0.23 per share, compared to an adjusted net loss of $1 million, or negative $0.08 per share in the prior year [13] Business Line Data and Key Metrics Changes - The company opened four new restaurants in the first quarter and has 10 units under construction, with plans to open one more in the fiscal second quarter [4][7] - Restaurant-level operating profit as a percentage of sales was 15.1%, down from 18.2% in the prior year quarter [13] Market Data and Key Metrics Changes - Comparable sales in the West Coast market were negative 2.8%, and in the Southwest market, they were negative 2.7% [10] - Effective pricing for the quarter was 3.5%, with expectations for the second quarter to be 4.5% after lapping prior year increases [10] Company Strategy and Development Direction - The company aims to open 16 new units in fiscal 2026, maintaining an annual unit growth rate above 20% [14] - The focus on aggressive cost management has reduced general and administrative expenses as a percentage of sales by 80 basis points on an adjusted basis [4] - The company is leveraging technology, such as robotic dishwashers, to improve operational efficiency [8] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in achieving qualitative comparable sales for the year, citing strong momentum from the end of the first quarter into the second [4][26] - The management noted that the pricing taken in November has led to improved traffic and sales, indicating a positive consumer response [26][32] - There is optimism regarding the potential for improved margins and sales as the company navigates tariff impacts and operational efficiencies [32][46] Other Important Information - The company has $78.5 million in cash and no debt, indicating strong liquidity [14] - The company is currently engaged in marketing campaigns tied to popular IPs, which have been well received by customers [8][105] Q&A Session Summary Question: Discussion on decoupling the reservation system from loyalty - Management noted that more than half of visits by rewards members are through the reservation system, indicating better-than-expected uptake [21][22] Question: Expectations for Q2 comparable sales - Management expects positive comps for Q2, supported by strong performance in November and December [26] Question: Impact of tariffs on food costs - Management indicated that food costs are expected to be around 30%, with a significant impact from tariffs, but negotiations have helped mitigate some costs [31][32] Question: Future promotions and collaborations - Management highlighted successful collaborations with popular IPs and plans for future promotions, including Sanrio and Jujutsu Kaisen [107] Question: Long-term growth targets - Management reiterated the target of 16 new units for the year, with no changes to the long-term growth target of 300 units in the U.S. [95][61]

Financial Data and Key Metrics Changes - Total sales for the fiscal first quarter were $73.5 million, compared to $64.5 million in the prior year period, representing a year-over-year increase of approximately 12.4% [9] - Comparable sales growth was negative 2.5%, with a negative traffic of 2.5% and flat price and mix [9] - Adjusted net loss was $2.8 million, or negative $0.23 per share, compared to an adjusted net loss of $1 million, or negative $0.08 per share in the prior year quarter [13] - Restaurant-level operating profit as a percentage of sales was 15.1%, compared to 18.2% in the prior year quarter [13] Business Line Data and Key Metrics Changes - The company opened four new restaurants in the first quarter and has 10 units under construction, including locations in new markets [7] - Labor as a percentage of sales improved to 32.5% from 32.9% in the prior year period due to operational initiatives [6] - Cost of goods as a percentage of sales increased to 29.9% from 29% in the prior year quarter, impacted by tariffs [10] Market Data and Key Metrics Changes - Comparable sales in the West Coast market were negative 2.8%, while the Southwest market saw negative 2.7% [9] - The company expects full-year costs to stabilize around 30% after considering tariffs and menu price adjustments [6] Company Strategy and Development Direction - The company aims to open 16 new restaurants in fiscal 2026, maintaining an annual unit growth rate above 20% [13] - Marketing efforts include a campaign with Kirby, coinciding with the release of Kirby Air Riders for Switch 2, and the introduction of a reservation system decoupled from the rewards program [7][8] - The company is focused on aggressive cost management, reducing G&A as a percentage of sales by 80 basis points on an adjusted basis [5] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in achieving positive comparable sales for the year, citing strong performance in November and December [25] - The company anticipates that the pricing taken in November will continue to support sales growth and improve traffic [25] - Management noted that the broader industry is showing signs of improvement, which is encouraging for future performance [53] Other Important Information - The company has $78.5 million in cash, cash equivalents, and investments, with no debt [13] - General and administrative expenses as a percentage of sales were 13%, down from 13.5% in the prior year quarter [11] Q&A Session Summary Question: What led to the decision to decouple the reservation system from loyalty? - Management noted that more than half of visits by rewards members are through the reservation system, indicating better-than-expected uptake [20] Question: Do you expect positive comps in the February quarter? - Management confirmed expectations for positive comps in Q2, supported by strong performance in November and December [25] Question: How long would it take for tariff relief to impact financials? - Management indicated it would take 60 to 90 days to see benefits from reduced tariffs due to inventory turnover [30] Question: Can you comment on the impact of tariffs on other expense lines? - Management stated that tariffs have significantly impacted promotional costs, particularly for items sourced from overseas [100] Question: How are rewards members performing in terms of spending? - Management reported that rewards members spend about $6 more per person compared to non-members, with a significant increase in visit frequency [75] Question: What are the future planned promotions for the year? - Upcoming promotions include Sanrio for February and Jujutsu Kaisen for March and April [108]

Financial Data and Key Metrics Changes - Total sales for Q1 2026 were $73.5 million, up from $64.5 million in the prior year, with comparable sales growth of negative 2.5% [5][10] - Cost of goods sold as a percentage of sales increased to 29.9% from 29% in the prior year quarter, influenced by tariffs [5][11] - Labor costs as a percentage of sales decreased to 32.5% from 32.9% in the prior year, due to operational initiatives [5][11] - Net loss for the quarter was $3.1 million, or negative $0.25 per share, compared to a net loss of $1 million, or negative $0.08 per share in the prior year [12][13] - Adjusted net loss was $2.8 million, or negative $0.23 per share, compared to an adjusted net loss of $1 million, or negative $0.08 per share in the prior year [13] Business Line Data and Key Metrics Changes - The company opened four new restaurants in Q1 2026, with ten more under construction [6] - Restaurant-level operating profit as a percentage of sales was 15.1%, down from 18.2% in the prior year quarter [13] Market Data and Key Metrics Changes - Comparable sales in the West Coast market were negative 2.8%, and in the Southwest market, they were negative 2.7% [10] - Effective pricing for the quarter was 3.5%, with expectations for the second quarter to be 4.5% [10] Company Strategy and Development Direction - The company aims to open 16 new restaurants in fiscal 2026, maintaining an annual unit growth rate above 20% [14] - The company is focusing on aggressive cost management, reducing G&A as a percentage of sales by 80 basis points on an adjusted basis [4] - Marketing efforts include a campaign with Kirby, coinciding with the release of Kirby Air Riders for Switch 2, and the introduction of a reservation system [6][8] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in achieving qualitative comparable sales for the year, with expectations for positive comps in Q2 [4][23] - The company noted that the first quarter created a strong foundation for growth, with momentum continuing into December [5][23] - Management acknowledged the impact of tariffs on costs but expressed optimism about negotiations with suppliers mitigating some of the pressures [28][81] Other Important Information - The company has $78.5 million in cash and no debt, indicating strong liquidity [13] - General and administrative expenses as a percentage of sales were 13%, down from 13.5% in the prior year quarter [12] Q&A Session Summary Question: Discussion on decoupling the reservation system from loyalty - Management reported that over half of visits by rewards members are through the reservation system, indicating better-than-expected uptake [19] Question: Expectations for Q2 comps - Management expects positive comps for Q2, citing strong performance in November and December [23] Question: Impact of tariffs on food costs - Management indicated that it takes 4-6 months to see the impact of tariff changes on food costs due to inventory cycles [27] Question: Future promotions and collaborations - Management confirmed ongoing promotions with Kirby and upcoming collaborations with Sanrio and Jujutsu Kaisen [88] Question: Long-term growth target - Management did not revise the long-term growth target of 300 units in the U.S. but will provide updates as necessary [78]

Core Viewpoint - Greencore's acquisition of Bakkavor is set to finalize in January after receiving clearance from the UK's Competition and Markets Authority (CMA), contingent upon the sale of the Bristol soups and sauces business [1][3]. Group 1: Transaction Details - The CMA accepted Greencore's commitment to sell the Bristol factory to The Compleat Food Group to address competition concerns, preventing further investigation [2]. - The completion date for the Bakkavor transaction is set for 16 January, with the Bristol business disposal expected to conclude on 17 January [3][4]. - The takeover is valued between £1.2 billion and £1.5 billion ($1.6 billion to $2 billion), creating a combined private-label business with revenues of approximately £4 billion [4]. Group 2: Financial Performance - Greencore reported a 7.7% increase in annual revenue for the year ending September, reaching £1.95 billion, with profit before tax rising by 29.3% to £79.5 million [6]. - Adjusted EBITDA increased by 17.9% to £181.2 million, while adjusted operating profit rose by 28.9% to £125.7 million [6]. - Adjusted earnings per share surged by 46.5% to 18.6 pence [6]. Group 3: Company Structure Post-Acquisition - Following the acquisition, Greencore shareholders will own approximately 59.8% of the new entity, with Bakkavor investors holding the remaining shares [5]. - Both companies operate in the food-to-go and convenience products sector, supplying major UK supermarkets [5].

🍣 Sushi November Monthly Recap 🍣⛓️ RP9 is live on Monad🚀 Aggregator surpasses $20b+ in total volume🔒 Member of @WalletConnect inaugural App Certified cohort⚔️ Blade continues to shine📈 New $KAT strategieshttps://t.co/kwfz7n5nkl ...

TGIF 🍣Have a wonderful weekend everyone! ...

Platform Features - Katana 通过 Sushi 提供便捷的交易体验 [1] - Katana 提供多个交易对的高收益 APY (年化收益率) [1] - Katana 致力于提供真实且可持续的收益 [1]

Core Insights - Kura Sushi reported Q3 CY2025 revenue of $79.45 million, a 20.4% increase year-on-year, exceeding analyst estimates of $78.95 million by 0.6% [1][6] - The company's full-year revenue guidance of $332 million is 2.1% below analysts' expectations [1] - Non-GAAP profit per share was $0.20, surpassing consensus estimates by 63.4% [1][6] Financial Performance - Adjusted EBITDA for the quarter was $7.41 million, slightly above analyst estimates of $7.36 million, with a margin of 9.3% [6] - Operating margin improved to 1.8%, up from -8.8% in the same quarter last year [6] - Same-store sales remained flat year-on-year, compared to a decline of 3.1% in the same quarter last year [6] - The company operated 79 locations at the end of the quarter, an increase from 64 locations in the same quarter last year [6] - Market capitalization stands at $587.9 million [6] Management Commentary - Management expressed concerns over sluggish same-store sales and cautious consumer behavior, attributing flat comparable sales to a challenging operating environment [3] - Marketing initiatives, including intellectual property collaborations and targeted promotions, were highlighted as crucial in mitigating worse outcomes [3][5] - Future strategies include updates to the rewards program, marketing of the reservation system, and the rollout of robotic dishwashers to enhance productivity and customer engagement [4] - CFO noted that restaurant-level operating profit margins are expected to remain below historical targets due to ongoing cost pressures [4]

Core Insights - Kura Sushi reported Q3 CY2025 results that exceeded market revenue expectations, with a year-on-year sales increase of 20.4% to $79.45 million [1][7] - The company's full-year revenue guidance of $332 million at the midpoint was 1.9% below analysts' estimates [1] - Non-GAAP profit of $0.20 per share was 63.4% above analysts' consensus estimates [1] Company Performance - Kura Sushi opened a record of 15 new locations during fiscal 2025, contributing to its growth [3] - The company managed to control corporate G&A expenses, resulting in an annual adjusted EBITDA growth of over 30% [3] - Despite challenges such as a volatile consumer environment and tariff pressures, Kura Sushi remains optimistic about continued growth in fiscal 2026 [3] Revenue and Growth Metrics - Kura Sushi's revenue over the past 12 months was $282.8 million, indicating potential for faster growth compared to larger competitors [5] - The company achieved a compounded annual growth rate of 28% in sales over the last six years, normalizing for COVID-19 impacts [6] - Same-store sales were flat year on year, with a slight decline of 3.1% in the same quarter last year [7] Financial Highlights - Revenue for Q3 was $79.45 million, beating analyst estimates of $78.95 million by 0.6% [7] - Adjusted EPS of $0.20 surpassed analyst estimates of $0.12 by 63.4% [7] - Adjusted EBITDA was $7.41 million, slightly above analyst estimates of $7.36 million, with a margin of 9.3% [7] - Operating margin improved to 1.8%, up from -8.8% in the same quarter last year [7] - The company had 79 locations at the end of the quarter, an increase from 64 in the same quarter last year [7] - Market capitalization stood at $711.5 million [7]