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) announced a conference call to discuss its fiscal third quarter 2021 financial results on July 13, 2021, at 5:00 p.m. ET. A press release detailing the financial results will be released the same day after market close. The call will be led by President and CEO Hajime “Jimmy” Uba and CFO Steven Benrubi. Interested listeners can join via telephone or through a webcast available on the company’s website. Kura Sushi operates 32 locations across nine states and Washington DC, offering a unique revolving sushi dining experience.
Kura Sushi USA (NASDAQ: KRUS), a leading Japanese restaurant chain, will participate in the BMO Capital Markets 16th Annual Farm to Market Conference on May 20, 2021. The virtual fireside chat is set to begin at 2:40 pm ET. Interested investors can access the event via the company's corporate website in the investor relations section.
Established in 2008, Kura Sushi operates 31 locations across eight states and Washington DC, offering an engaging revolving sushi service model.
Kura Sushi USA reported fiscal Q2 2021 results, revealing total sales of $9.1 million, a significant drop from $19.4 million in Q2 2020. The company faced an operating loss of $3.8 million, compared to a loss of $0.2 million a year prior. Net loss reached $3.9 million or ($0.46) per diluted share. Despite challenges from COVID-19, there was a sales rebound noted in March, with revenue hitting $5.2 million. The company opened two new restaurants during the quarter and plans for recovery as restrictions ease.
Kura Sushi USA, Inc. (NASDAQ: KRUS), a technology-enabled Japanese restaurant chain, will hold a conference call on April 13, 2021, at 5:00 p.m. ET to discuss its fiscal second quarter 2021 financial results. A press release with these results will be issued the same day after market close. The call will be hosted by CEO Hajime Uba and CFO Steven Benrubi. Interested listeners can access the call by dialing 201-689-8471, with a replay available afterward. For more information, visit the Kura Sushi website.
Kura Sushi USA, Inc. (NASDAQ: KRUS) reported a fiscal first quarter 2021 loss amid COVID-19 challenges. Total sales fell to $9.4 million, down $8 million year-over-year, with a net loss of $6.4 million or ($0.76) per diluted share. Operating loss increased to $6.3 million. Despite opening three new locations, comparable restaurant sales dropped 51%, and December sales declined 64% due to stricter state regulations. The company maintains a focus on enhanced safety protocols and optimizing off-premise offerings.
Kura Sushi USA will host a conference call on January 11, 2021, at 5:00 p.m. ET, to discuss its fiscal first quarter 2021 financial results. The results will be made public after market close on the same day. The call will be led by Hajime Uba, CEO, and Steven Benrubi, CFO. Additionally, Kura Sushi will participate in a virtual fireside chat at the 23rd Annual ICR Conference on January 12, 2021, starting at 3:30 p.m. ET. More information can be found on the company’s investor relations website.
Kura Sushi USA, Inc. (NASDAQ: KRUS) has appointed Steven H. Benrubi as its new Chief Financial Officer, effective December 1, 2020, succeeding Koji Shinohara. Benrubi brings over 25 years of experience in the restaurant and retail sectors, with a successful track record in financial leadership. He previously served as CFO for Drybar Holdings and has held significant roles in companies including The Wet Seal and CKE Restaurants. The Company thanks Shinohara for his contributions, notably during its IPO process in 2019.
Kura Sushi USA reported fiscal Q4 and full year 2020 results, reflecting significant impacts from COVID-19. For Q4, total sales were $5.5 million, down $13.2 million year-over-year, with a net loss of $6.8 million ($0.82 per share). Full-year sales totaled $45.2 million, a decline from $64.2 million in 2019, resulting in a net loss of $17.4 million ($2.08 per share). The company opened three new locations post-fiscal year, enhancing its growth prospects as it navigates ongoing pandemic challenges.
Kura Sushi USA, Inc. (NASDAQ: KRUS), a technology-driven Japanese restaurant chain, will host a conference call on November 16, 2020, at 5:00 p.m. ET to discuss its fiscal fourth quarter and full-year 2020 financial results. The financial results will be publicly released that same day after market close. The call will feature President and CEO Hajime Uba and CFO Koji Shinohara, with access available via telephone or webcast. Kura Sushi operates 26 locations across six states, focusing on authentic Japanese cuisine and a unique revolving sushi service model.
Kura Sushi USA reported a fiscal third quarter net loss of $9.2 million ($1.10 per diluted share), a significant decline from a net income of $0.7 million in the same period last year. Total sales dropped to $2.8 million, down $14.1 million year-over-year due to COVID-19 related closures, with most of its 25 restaurants largely closed. The company retains $14 million in cash, no debt, and recognized a $1.6 million employee retention credit. Despite operational challenges, CEO Hajime Uba expressed confidence in the company's long-term growth prospects.