Kura Sushi USA Q2 FY2023 sales $43.9M, comps +17.4%, net loss narrows to $1.0M

KURA SUSHI USA, INC.

2023-Q2 EPS reported -$0.32 revenue$83,262,000

Total sales $43.9M (+40.3% YoY); comparable restaurant sales increased 17.4%.
Net loss $1.0M ($0.10/diluted share) compared to $1.9M loss in prior year quarter.
Restaurant-level operating profit $8.9M, or 20.3% of sales; Adjusted EBITDA $2.3M.
Operating loss narrowed to $1.0M from $1.9M in Q2 2022.
Three new restaurants opened during the fiscal second quarter of 2023.

item 2.02 item 9.01

Key facts

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Earnings Releases SEC 8-K Item 2.02 confidence 0.9

KURA SUSHI USA, INC. reported fiscal second quarter ended February 28, 2023 results: revenue $43.9 million, net income $1.0 million, EPS $(0.10) per diluted share.

Period: fiscal second quarter ended February 28, 2023
Revenue: $43.9 million
Net income: $1.0 million
EPS: $(0.10) per diluted share
Result: reported results

Exact text from the filing

➣ Total sales were $43.9 million, compared to $31.3 million in the second quarter of 2022; ➣ Comparable restaurant sales increased 17.4% for the second quarter of 2023 as compared to the second quarter of 2022; ➣ Operating loss was $1.0 million, compared to operating loss of $1.9 million in the second quarter of 2022; ➣ Net loss was $1.0 million, or $(0.10) per diluted share, compared to net loss of $1.9 million, or $(0.19) per diluted share, in the second quarter of 2022

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Source: SEC EDGAR

accession 0000950170-23-011776

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