In This Article:
-
Total Sales: $64.9 million, up from $57.3 million in the prior year period.
-
Comparable Sales Growth: Negative 5.3%.
-
Restaurant-Level Operating Profit Margin: 17.3%, down from 19.6% in the prior year.
-
Net Loss: $3.8 million or negative $0.31 per share, compared to a net loss of $1 million or negative $0.09 per share in the prior year quarter.
-
Adjusted Net Loss: $1.7 million or negative $0.14 per share, compared to $1 million or negative $0.09 per share in the prior year quarter.
-
Adjusted EBITDA: $2.7 million, compared to $2.9 million in the prior year quarter.
-
Cash and Cash Equivalents: $85.2 million with no debt.
-
New Restaurant Openings: 11 units opened to date, with another six under construction.
-
Food and Beverage Costs: 28.7% of sales, down from 29.6% in the prior year quarter.
-
Labor and Related Costs: 34.8% of sales, up from 33% in the prior year quarter.
-
Operating Loss: $4.6 million, compared to $1.7 million in the prior year quarter.
-
Guidance for Fiscal Year 2025: Total sales expected between $275 million and $279 million, with 14 new units to be opened.
Release Date: April 08, 2025
For the complete transcript of the earnings call, please refer to the full earnings call transcript.
Positive Points
-
Kura Sushi USA Inc (NASDAQ:KRUS) opened 11 new units to date with six more under construction, indicating strong expansion efforts.
-
The company has a robust IP collaboration pipeline for fiscal '26, with seven to eight planned collaborations, which is expected to drive sales.
-
Kura Sushi USA Inc (NASDAQ:KRUS) has no debt and holds $85.2 million in cash and cash equivalents, showcasing a strong financial position.
-
The reservation system, currently being tested, has been well-received and is expected to drive traffic once fully rolled out.
-
The company is maintaining a 20%+ unit growth rate, with plans to open 14 units in fiscal year 2025, indicating continued expansion.
Negative Points
-
Comparable sales growth was negative 5.3%, with a significant decline in traffic of 8.5%, indicating challenges in maintaining customer visits.
-
Labor costs increased by 180 basis points due to wage inflation and sales deleverage, impacting profit margins.
-
Restaurant-level operating profit margin decreased to 17.3% from 19.6% in the prior year, reflecting operational challenges.
-
The company faced a net loss of $3.8 million, or negative $0.31 per share, compared to a net loss of $1 million in the prior year quarter.
-
Uncertainty around tariffs and their potential impact on consumer confidence and supply chain costs poses a risk to future performance.