Welcome to our dedicated page for Kura Sushi Usa news (Ticker: KRUS), a resource for investors and traders seeking the latest updates and insights on Kura Sushi Usa stock.
Kura Sushi USA, Inc. (NASDAQ: KRUS) is a technology-enabled Japanese restaurant concept built around an engaging revolving sushi service model. The company operates dine-in restaurants across multiple U.S. states and Washington, DC, offering authentic Japanese cuisine prepared with high-quality ingredients that are free from artificial seasonings, sweeteners, colorings, and preservatives. This news page focuses on the latest developments that affect KRUS and its restaurant operations.
Investors and followers of Kura Sushi USA can use this feed to review company-issued updates on quarterly and annual financial results, restaurant development activity, and strategic initiatives discussed in management commentary. Recent press releases have covered fiscal second, third, fourth, and first quarter results, including total sales trends, comparable restaurant sales performance, restaurant-level operating profit, adjusted EBITDA, and net income or loss. These announcements often include management’s discussion of operational initiatives, cost management efforts, and the performance of new restaurant openings.
In addition to earnings releases, Kura Sushi USA regularly announces upcoming earnings conference calls, participation in investor conferences, and appearances by company representatives at capital markets events. These items provide insight into how the company communicates with the investment community and how management describes the company’s growth strategy, new market opportunities, and technology and systems projects.
By following KRUS news, readers can track updates on new restaurant openings in markets such as California, Texas, New Jersey, Utah, Colorado, Arizona, and Washington, as well as changes in guidance for annual sales, unit growth, and general and administrative expense targets. Bookmark this page to access a consolidated view of Kura Sushi USA’s official news releases and related market-facing communications.
Kura Sushi USA reported fiscal Q1 2023 results with total sales of $39.3 million, up from $29.8 million a year earlier. Comparable restaurant sales increased 6.9%. However, the company faced an operating loss of $2.2 million, compared to a loss of $1.3 million in Q1 2022. Net loss stood at $2.1 million, or $(0.21) per diluted share. Restaurant-level operating profit was 18.2% of sales. Kura Sushi opened two new locations and maintains its full-year guidance of $183 million to $188 million in sales.
Kura Sushi USA (NASDAQ: KRUS) announced its participation in the 25th Annual ICR Conference on January 9, 2023, at 3:30 p.m. ET. The company will also host a conference call to discuss its fiscal Q1 2023 financial results on January 5, 2023, at 5:00 p.m. ET, following a press release after market close. The call will be led by CEO Hajime Uba, CFO Jeff Uttz, and SVP Benjamin Porten. Investors can listen via telephone or through a webcast on the company's official website.
Kura Sushi USA, Inc. (NASDAQ: KRUS) reported strong financial results for the fiscal fourth quarter and year ended August 31, 2022. Total sales surged to $42.0 million, up from $27.9 million in Q4 2021, while comparable restaurant sales rose by 27.6%. The Company achieved an operating income of $1.9 million, contrasting with a loss of $0.8 million a year prior. Net income was $1.9 million, or $0.19 per diluted share. For the fiscal year 2022, total sales reached $141.1 million, and the Company plans to open 9-11 new restaurants in FY 2023, anticipating sales between $183 million and $188 million.
Kura Sushi USA (NASDAQ: KRUS) announced its participation in the Stephens Annual Investment Conference on November 15, 2022. The company will also host a conference call on November 10, 2022, at 5:00 p.m. ET to discuss its fiscal Q4 2022 financial results, with a press release issued after market close. The call will be led by President and CEO Hajime Uba and CFO Jeff Uttz. Interested parties can access the call via telephone or through the company’s website.
Kura Sushi USA, Inc. (NASDAQ: KRUS) has appointed Jeff Uttz as its new Chief Financial Officer, effective October 3, 2022. Uttz brings extensive experience from his previous roles, including CFO at Shake Shack, where he played a key role in its IPO and expansion. His leadership is expected to guide Kura Sushi through its growth opportunities. The company, with 40 locations across 12 states, focuses on authentic Japanese cuisine and a unique revolving sushi service model.
Kura Sushi USA (NASDAQ: KRUS) reported a significant increase in total sales for Q3 2022, reaching $38.0 million, up from $18.5 million in Q3 2021. Comparable restaurant sales surged by 65%.
Despite the sales boost, operating income fell to $0.5 million, down from $0.9 million a year ago, with net income also decreasing to $0.5 million or $0.05 per diluted share. Adjusted EBITDA rose to $3.2 million, compared to a loss of $2.6 million in the prior year. The company anticipates total sales for FY 2022 to be between $137 million and $142 million.
IRVINE, Calif., June 28, 2022 - Kura Sushi USA, Inc. (NASDAQ: KRUS) will host a conference call on July 7, 2022, at 5:00 p.m. ET to discuss its fiscal third quarter 2022 financial results, to be released after market close. President and CEO Hajime “Jimmy” Uba will lead the call, which can be accessed by dialing 201-689-8471 or via a webcast on the company's website. Kura Sushi, established in 2008, operates 37 locations across 11 states and Washington DC, offering an innovative dining experience centered on authentic Japanese cuisine.
Kura Sushi USA, Inc. (NASDAQ: KRUS) has announced the resignation of Chief Financial Officer Steven H. Benrubi, effective August 1, 2022, or upon naming a successor. The company has initiated a search for Benrubi's replacement. CEO Hajime Uba praised Benrubi for his leadership through challenging times, including the COVID-19 pandemic and inflation. Benrubi expressed pride in the company’s progress and confidence in its management team as he prepares for retirement, highlighting the restaurant's recent sales momentum.
Kura Sushi USA reported fiscal Q2 2022 sales of $31.3 million, a significant increase from $9.1 million in Q2 2021. Comparable restaurant sales surged 183% year-over-year and 11.3% compared to Q2 2020. Operating loss decreased to $1.9 million from $3.8 million in the prior year. Net loss improved to $1.9 million or ($0.19) per diluted share. The company opened three new restaurants during the quarter, reaffirming guidance for $130-$140 million in total sales for FY 2022, with plans for 8 to 10 new locations.
Kura Sushi USA, Inc. (NASDAQ: KRUS) has scheduled a conference call for April 7, 2022, at 5:00 p.m. ET to discuss its fiscal second quarter 2022 financial results. The call will be hosted by President and CEO Hajime “Jimmy” Uba and CFO Steven Benrubi, with a press release detailing financial results to be issued post-market closure on the same day. Interested parties can join the call by dialing 201-689-8471. The event will also be accessible via a webcast on their investor relations website, which will be archived afterward.
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