Kura Sushi Q1 FY2024 sales up 31% to $51.5M; comp sales +3.8%; net loss narrows to $0.18/share

KURA SUSHI USA, INC.

2024-Q1 EPS reported -$0.18 revenue$51,475,000

Total sales $51.5M vs $39.3M a year ago; comparable restaurant sales increased 3.8%.
Operating loss widened to $2.8M from $2.2M; net loss improved to $2.0M ($0.18 diluted) vs $2.1M ($0.21).
Restaurant-level operating profit $10.1M (19.5% of sales); Adjusted EBITDA $1.8M.
Four new restaurants opened during Q1; total restaurant count not specified.

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 0.9

KURA SUSHI USA, INC. reported fiscal first quarter ended November 30, 2023 results: revenue $51.5 million, net income $2.0 million loss, EPS $(0.18) per diluted share.

Period: fiscal first quarter ended November 30, 2023
Revenue: $51.5 million
Net income: $2.0 million loss
EPS: $(0.18) 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, 2023. Fiscal First Quarter 2024 Highlights ➣ Total sales were $51.5 million, compared to $39.3 million in the first quarter of 2023; ➣ Comparable restaurant sales increased 3.8% for the first quarter of 2024 as compared to the first quarter of 2023; ➣

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Source: SEC EDGAR

accession 0000950170-24-001863

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