Kura Sushi USA Announces Fiscal Second Quarter 2024 Financial Results
Kura Sushi USA, Inc. - Class A (KRUS)
Company Research
Source: GlobeNewswire
IRVINE, Calif., April 04, 2024 (GLOBE NEWSWIRE) -- Kura Sushi USA, Inc. (“Kura Sushi” or the “Company”) (NASDAQ: KRUS), a technology-enabled Japanese restaurant concept, today announced financial results for the fiscal second quarter ended February 29, 2024. Fiscal Second Quarter 2024 Highlights Total sales were $57.3 million, compared to $43.9 million in the second quarter of 2023;Comparable restaurant sales increased 3.0% for the second quarter of 2024 as compared to the second quarter of 2023;Operating loss was $1.7 million, compared to operating loss of $1.0 million in the second quarter of 2023;Net loss was $1.0 million, or $(0.09) per diluted share, compared to net loss of $1.0 million, or $(0.10) per diluted share, in the second quarter of 2023;Restaurant-level operating profit* was $11.2 million, or 19.6% of sales;Adjusted EBITDA* was $2.9 million; andFive new restaurants opened during the fiscal second quarter of 2024. * Restaurant-level operating profit and Adjusted EBI
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KRUS
News
- Kura Sushi USA, Inc. (NASDAQ: KRUS) is now covered by analysts at Piper Sandler. They set a "neutral" rating and a $114.00 price target on the stock.MarketBeat
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- Kura Sushi USA, Inc. (NASDAQ:KRUS) Q2 2024 Earnings Call Transcript [Yahoo! Finance]Yahoo! Finance
KRUS
Earnings
- 4/4/24 - Miss
KRUS
Sec Filings
- 4/16/24 - Form 4
- 4/12/24 - Form 144
- 4/4/24 - Form 10-Q
- KRUS's page on the SEC website