Kura Sushi USA Q1 sales up 32% to $39.3M; net loss widens to $0.21 per share

KURA SUSHI USA, INC.

2022-Q1 EPS reported -$0.21 revenue$39,318,000

Total sales $39.3M (+32% YoY); comp sales +6.9%.
Net loss $2.1M ($0.21 diluted EPS) vs net loss $1.3M ($0.13) in prior year.
Operating loss $2.2M vs $1.3M; restaurant-level operating profit $7.2M (18.2% of sales).
Adjusted EBITDA $0.6M; opened two new restaurants in the quarter.

item 2.02 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 1.0

KURA SUSHI USA, INC. reported fiscal first quarter ended November 30, 2022 results: revenue $39.3 million, net income $2.1 million, EPS $(0.21) per diluted share.

Period: fiscal first quarter ended November 30, 2022
Revenue: $39.3 million
Net income: $2.1 million
EPS: $(0.21) per diluted share
Result: reported results

Exact text from the filing

Japanese restaurant concept, today announced financial results for the fiscal first quarter ended November 30, 2022. Fiscal First Quarter 2023 Highlights ➣ Total sales were $39.3 million, compared to $29.8 million in the first quarter of 2022; ➣ Comparable restaurant sales increased 6.9% for the first quarter of 2023 as compared to the first quarter of 2022; ➣

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Source: SEC EDGAR

accession 0000950170-23-000238

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