Kura Sushi Usa, Inc. Stock Price, News & Analysis

Kura Sushi USA recently closed an underwritten public offering of 1,265,000 shares of its Class A common stock, priced at $54.00 per share, generating approximately $64.9 million in net proceeds after underwriter discounts. The offering included full exercise of an over-allotment option for an additional 165,000 shares. The funds raised will be utilized for general corporate purposes, including capital expenditures and working capital. The offering was managed by Citigroup, William Blair, and Barclays Capital, with additional participation from Stephens, Craig-Hallum, and Roth Capital Partners. Kura Sushi operates 45 locations across 14 states and D.C., providing a unique dining experience centered on authentic Japanese cuisine and revolving sushi service.

Kura Sushi USA, Inc. (NASDAQ: KRUS) announced the pricing of its public offering of 1,100,000 shares of Class A common stock at $54.00 per share, generating expected proceeds of approximately $56.4 million, net of discounts. The underwriters hold a 30-day option to purchase an additional 165,000 shares, potentially raising total proceeds to about $64.9 million. The offering is set to close on April 13, 2023, pending customary conditions. Proceeds will be used for general corporate purposes, including capital expenditures and working capital. Citigroup, William Blair, and Barclays Capital are leading the offering management.

Kura Sushi USA, Inc. (NASDAQ: KRUS) has announced a public offering of 1,100,000 shares of its Class A common stock, with a potential additional 165,000 shares available to underwriters within 30 days. Proceeds from the offering will be used for general corporate purposes, including capital expenditures and working capital. The offering is led by Citigroup, William Blair & Company, and Barclays Capital. The company has a shelf registration statement effective with the SEC. This offering is subject to market conditions, and completion is not guaranteed. Kura Sushi operates 45 locations across the U.S. and aims to enhance the dining experience with its technology-enabled revolving sushi service.

Kura Sushi USA, Inc. (NASDAQ: KRUS) reported strong financial results for the fiscal second quarter ending February 28, 2023. Total sales reached $43.9 million, up from $31.3 million year-over-year, with comparable restaurant sales increasing 17.4%. Despite an operating loss of $1.0 million, an improvement from a loss of $1.9 million the previous year, net loss also narrowed to $1.0 million or $(0.10) per diluted share. Restaurant-level operating profit rose to $8.9 million, representing 20.3% of sales. Three new restaurants opened, contributing to a robust pipeline with nine units under construction. The company reaffirmed its full-year guidance of $185 million to $188 million in sales.

Kura Sushi USA, Inc. (NASDAQ: KRUS) announced a conference call to discuss its fiscal second quarter 2023 financial results on April 4, 2023, at 5:00 p.m. ET. The press release will be issued after market close on the same day. CEO Hajime Uba, CFO Jeff Uttz, and SVP Benjamin Porten will host the call. Interested parties can access the call by dialing 201-689-8471 or listen via a webcast available on Kura Sushi's Investor Relations website. Established in 2008, Kura Sushi operates 45 locations, offering a unique dining experience centered on revolving sushi and authentic Japanese cuisine.

Kura Sushi USA, Inc. (NASDAQ: KRUS), a technology-enabled Japanese restaurant chain, will hold a fireside chat at the 35th Annual Roth Conference on March 14, 2023, at 10:30 a.m. PT in Laguna Niguel, CA. Investors can access the live discussion on the company’s corporate website under the investor relations section. Established in 2008 and operating 45 locations in 14 states plus Washington DC, Kura Sushi is known for its authentic Japanese cuisine and unique revolving sushi service. For more information, visit www.kurasushi.com.