Kura Sushi Q4 sales $42M, net income $1.9M; comparable sales +27.6%

KURA SUSHI USA, INC.

Total sales $42.0M (+50.5% YoY) vs $27.9M; comparable restaurant sales +27.6%.
Net income $1.9M ($0.19 diluted EPS) vs net loss $0.8M ($0.09 loss) in Q4 2021.
Adjusted net income $2.1M ($0.21 diluted) vs adjusted net loss $1.4M ($0.15 loss).
Restaurant-level operating profit $10.0M (23.9% of sales); Adjusted EBITDA $4.8M.
Three new restaurants opened during fiscal Q4 2022.

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.9

KURA SUSHI USA, INC. reported fiscal fourth quarter and fiscal year ended August 31, 2022 results: revenue $42.0 million, net income $1.9 million, EPS $0.19 per diluted share.

Period: fiscal fourth quarter and fiscal year ended August 31, 2022
Revenue: $42.0 million
Net income: $1.9 million
EPS: $0.19 per diluted share
Result: reported results

Exact text from the filing

Fiscal Fourth Quarter 2022 Highlights ➣ Total sales were $42.0 million, compared to $27.9 million in the fourth quarter of 2021; ➣ Comparable restaurant sales increased 27.6% for the fourth quarter of 2022 as compared to the fourth quarter of 2021; ➣ Operating income was $1.9 million, compared to operating loss of $0.8 million in the fourth quarter of 2021; ➣ Net income was $1.9 million, or $0.19 per diluted share, compared to net loss of $0.8 million, or $(0.09) per diluted share, in the fourth quarter of 2021;

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Source: SEC EDGAR

accession 0000950170-22-024508

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