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. reports developments for a technology-enabled Japanese restaurant concept built around revolving sushi service and Japanese cuisine. News commonly covers fiscal results, comparable restaurant sales, restaurant-level operating profit, food and beverage costs, general and administrative expenses, and new restaurant openings across its U.S. footprint.
Company updates also address unit expansion, investor conference participation, board composition, and finance leadership changes for the Nasdaq-listed restaurant operator, which was established as a U.S. subsidiary of Japan-based Kura Sushi, Inc.
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.
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.