Kura Sushi USA Provides Business Update Related to COVID-19 and Announces Fiscal Second Quarter 2020 Financial Results
Kura Sushi USA, Inc. - Class A (KRUS)
Company Research
Source: GlobeNewswire
IRVINE, Calif., April 14, 2020 (GLOBE NEWSWIRE) -- Kura Sushi USA, Inc. (“Kura Sushi” or the “Company”) (NASDAQ: KRUS), a fast-growing technology-enabled Japanese restaurant concept, today provided a COVID-19 business update and reported fiscal second quarter financial results for the period ended February 29, 2020. COVID-19 Business Update Highlights All 25 restaurants remain temporarily closed;Strong liquidity position with a cash and cash equivalents balance of approximately $24 million and no outstanding debt as of April 13, 2020;Entered into a $20 million Revolving Credit Agreement with Kura Sushi, Inc. (“Kura Sushi Japan”); andApplied for a Payroll Protection Program (“PPP”) loan under the Coronavirus Aid, Relief, and Economic Security Act (the “CARES Act”). Fiscal Second Quarter 2020 Highlights Total sales increased 28% to $19.4 million, compared to the second quarter of 2019;Comparable restaurant sales growth increased 10.8%;Operating loss was $0.2 million, compa
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News
- Kura Sushi USA (NASDAQ:KRUS) had its "neutral" rating reaffirmed by analysts at Piper Sandler.MarketBeat
- Companies Like Kura Sushi USA (NASDAQ:KRUS) Are In A Position To Invest In Growth [Yahoo! Finance]Yahoo! Finance
- Kura Sushi USA Still Appears Expensive Here [Seeking Alpha]Seeking Alpha
- Kura Sushi USA Q1 Earnings Call Highlights [Yahoo! Finance]Yahoo! Finance
- Kura Sushi USA (NASDAQ:KRUS) was given a new $85.00 price target on by analysts at Lake Street Capital.MarketBeat
KRUS
Earnings
- 1/7/26 - Miss
KRUS
Sec Filings
- 1/16/26 - Form 144
- 1/8/26 - Form EFFECT
- 1/7/26 - Form 10-Q
- KRUS's page on the SEC website