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.
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.
Kura Sushi USA (NASDAQ: KRUS) reported fiscal Q1 2022 results showing a significant sales increase to $29.8 million from $9.4 million in Q1 2021. Comparable restaurant sales surged by 154% year-over-year and 19.9% compared to Q1 2020. Operating loss improved to $1.3 million from $6.3 million; net loss was $1.3 million or ($0.13) per share. Adjusted EBITDA reached $0.8 million, and the company plans to open 8 to 10 new restaurants in FY 2022, maintaining guidance for total sales between $130 million and $140 million.
Kura Sushi USA, Inc. (NASDAQ: KRUS) will host a conference call on January 6, 2022, at 5:00 PM ET to discuss its fiscal first quarter 2022 financial results. A press release detailing these results will be issued the same day after market close. The call will be led by President and CEO Hajime Uba and CFO Steven Benrubi. Additionally, the company will participate in a fireside chat at the 24th Annual ICR Conference on January 11, 2022, at 1:00 PM ET. Interested parties can listen via telephone or watch the webcast on the company’s website.
Kura Sushi USA has appointed Carin L. Stutz as an independent board member, effective December 1, 2021, while Hiroyuki Okamoto steps down. Stutz brings over 30 years of restaurant industry experience, previously serving as CEO of Native Foods and COO at Red Robin. Kura's CEO, Hajime Uba, emphasizes Stutz's operational expertise and industry vision as key to the company's growth strategy. The restaurant chain currently operates 33 locations across the U.S., delivering a unique dining experience rooted in authentic Japanese cuisine.
Kura Sushi USA reported a strong recovery in Q4 2021, achieving sales of $27.9 million, a significant increase from $5.5 million in Q4 2020. The operating loss narrowed to $0.8 million from $6.8 million year-over-year. Net loss was $0.8 million, or ($0.09) per diluted share, compared to ($0.82) in Q4 2020. Comparable restaurant sales rose 4.9% versus 2019. The company plans to open 8-10 new restaurants in fiscal 2022, aiming for total sales between $130 million and $140 million.
Kura Sushi USA, Inc. (NASDAQ: KRUS) will host a conference call on November 11, 2021, at 5:00 p.m. ET to discuss its fiscal fourth quarter 2021 financial results. A press release detailing these results will be available after market close on the same day. The call will be led by President and CEO Hajime Uba and CFO Steven Benrubi. Interested parties can listen via telephone or access the webcast on the company's Investor Relations page. Kura Sushi operates 32 locations across nine states, focusing on authentic Japanese cuisine and a unique revolving sushi service.
Kura Sushi USA, Inc. (NASDAQ: KRUS) closed its public offering, selling 1,265,000 shares of Class A common stock at $45.00 each, raising approximately $54.1 million after discounts. The offering included an additional 165,000 shares purchased by underwriters. Proceeds will be used for general corporate purposes, including capital expenditures, debt repayment under its revolving credit agreement, and working capital. The offering was managed by William Blair & Company, L.L.C. and Stephens Inc., with additional co-managers involved.