Business
Kura Sushi USA Announces Fiscal Second Quarter 2025 Financial Results
IRVINE, Calif., April 08, 2025 (GLOBE NEWSWIRE) -- Kura Sushi USA, Inc. (“Kura Sushi” or the “Company”) (NASDAQ: KRUS), a technology-enabled Japanese
About this update from Kura Sushi Usa, Inc.
[{"type":"text","content":"IRVINE, Calif., April 08, 2025 (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 28, 2025. Fiscal Second Quarter 2025 Highlights Total sales were $64.9 million, compared to $57.3 million in the second quarter of 2024;Comparable restaurant sales decreased 5.3% for the second quarter of 2025 as compared to the second quarter of 2024;Operating loss was $4.6 million, compared to an operating loss of $1.7 million in the second quarter of 2024;Net loss was $3.8 million, or $(0.31) per diluted share, compared to net loss of $1.0 million, or $(0.09) per diluted share, in the second quarter of 2024;Adjusted net loss* was $1.7 million, or $(0.14) per diluted share, compared to an adjusted net loss of $1.0 million or $(0.09) per diluted share, in the second quarter of 2024;Restaurant-level operating profit* was $11.2 million, or 17.3% of sales;Adjusted EBITDA* was $2.7 million; andThree new restaurants opened during the fiscal second quarter of 2025. *Adjusted net loss, Restaurant-level operating profit and Adjusted EBITDA are non-GAAP measures and are defined below under “Key Financial Definitions.” Please see the reconciliation of non-GAAP measures accompanying this release. See also “Non-GAAP Financial Measures” below. Hajime Uba, President and Chief Executive Officer of Kura Sushi, stated, “We had a very productive second quarter, making headway on the new market opportunities represented by our success in Bakersfield, building out our IP pipeline, and beginning testing or rollout of several systems projects that have long been in development. New restaurant openings are going exceptionally smoothly, with 11 units opened to-date and another six under construction. While the inclement weather was an unexpected sales pressure, we’re pleased overall with the quarter due to the great progress we’ve made across our initiatives.” Review of Fiscal Second Quarter 2025 Financial Results Total sales were $64.9 million compared to $57.3 million in the second quarter of 2024. Comparable restaurant sales decreased 5.3% for the second quarter of 2025 as compared to the second quarter of 2024, primarily due to a reduction in traffic. Food and beverage costs as a percentage of sales wer...