secwatch.observer — SEC 8-K summary
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Issuer:     KURA SUSHI USA, INC. (KRUS)
CIK:        0001772177
Form:       8-K
Filed at:   2021-07-13T23:59:59+00:00
Accession:  0001564590-21-036445
Event type: earnings
Sentiment:  positive
Materiality: 0.75
Item codes: 2.02, 5.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1772177/000156459021036445/0001564590-21-036445-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1772177/000156459021036445/krus-8k_20210709.htm
  HTML page:      https://secwatch.observer/filing/0001564590-21-036445

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer