earnings
confidence high
sentiment positive
materiality 0.75
Kura Sushi Q1 sales $29.8M (+217% YoY); net loss improves to ($0.13) from ($0.71)
KURA SUSHI USA, INC.
2022-Q1 EPS reported
-$0.13
revenue$29,832,000
- Total sales $29.8M vs $9.4M in Q1 2021, a 217% increase.
- Comparable restaurant sales up 154% YoY and 19.9% vs Q1 2020.
- Net loss $1.3M ($0.13 diluted EPS) vs $6.4M ($0.71 loss) in Q1 2021.
- Restaurant-level operating profit $5.8M; adjusted EBITDA positive at $0.8M.
- Opened one new restaurant during the quarter.