Kura Sushi Q3 revenue $18.5M, net income $0.8M; COO appointment

KURA SUSHI USA, INC.

2021-Q3 EPS reported -$1.13 revenue$36,967,000

Q3 revenue $18.5M (vs $2.8M YoY); net income $0.8M ($0.09 EPS) vs loss of $1.10; adjusted net loss $4.5M ($0.54).
Restaurant-level operating profit $1.1M; Adjusted EBITDA ($2.6M); one new restaurant opened.
Borrowed $5.0M on revolver; cash $4.7M, debt $17.0M; recognized $6.3M employee retention credit under CARES Act.
Appointed Shahin Allameh as COO effective July 26, 2021; base salary $270,000; prior COO of Luna Grill.

item 2.02 item 5.02 item 7.01 item 9.01

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Appointed

Shahin Allameh

Chief Operating Officer

KRUS · KURA SUSHI USA, INC.

Effective: 2021-07-26
Filed: July 13, 2021, 7:59 PM ET

On July 9, 2021, the board of directors (the “Board”) of Kura Sushi USA, Inc. (the “Company”) appointed Shahin Allameh, 49 , as Chief Operating Officer of the Company, effective as of July 26, 2021.

Key facts

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Executive change SEC 8-K Item 5.02 confidence 0.95

Shahin Allameh was appointed as Chief Operating Officer at KURA SUSHI USA, INC..

Action: appointed
Role: Chief Operating Officer

Exact text from the filing

On July 9, 2021, the board of directors (the “Board”) of Kura Sushi USA, Inc. (the “Company”) appointed Shahin Allameh, 49 , as Chief Operating Officer of the Company, effective as of July 26, 2021.

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KURA SUSHI USA, INC. filing history →

Source: SEC EDGAR

accession 0001564590-21-036445

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