Kura Sushi KK

2695

Equity

ISIN JP3268200007 / Valor 1224723

Tokyo Stock Exchange (2024-12-25)

JPY 2,926.00-2.40%

Kura Sushi KK
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About company

Kura Sushi KK is a Japanese restaurant chain known for its revolving sushi concept, which integrates advanced technology to enhance the dining experience. Established in 1977, the company has expanded significantly, now operating over 500 locations across Japan, Taiwan, and the United States. Kura Sushi combines premium ingredients with innovative systems to offer an affordable and unique dining experience. The company's U.S. subsidiary, Kura Sushi USA, Inc., was founded in 2008 and continues to uphold the parent company's commitment to quality and technological integration in its restaurants.

Summarized from source with an LLMView SourceSector: Consumer Services

Revenue Growth

Kura Sushi USA reported a significant increase in total sales for the fiscal second quarter of 2024, amounting to $57.3 million, up from $43.9 million in the same quarter of the previous year. This represents a robust growth, highlighting the company's expanding operations and market presence.

Comparable Sales Increase

For the fiscal second quarter of 2024, Kura Sushi USA experienced a 3.0% increase in comparable restaurant sales compared to the second quarter of 2023. This growth indicates a positive reception of the brand among repeat customers and effectiveness of the company's strategic initiatives.

Operating Loss

Despite the rise in sales, Kura Sushi USA reported an operating loss of $1.7 million in the fiscal second quarter of 2024, which widened from a loss of $1.0 million in the corresponding quarter of the previous year. This suggests challenges in managing operational costs amidst expansion.

Net Loss Per Share

Kura Sushi USA recorded a net loss of $1.0 million, or $(0.09) per diluted share, in the fiscal second quarter of 2024, which is an improvement per share when compared to the net loss of $1.0 million, or $(0.10) per diluted share, in the second quarter of 2023.

Restaurant-Level Operating Profit

The restaurant-level operating profit for Kura Sushi USA stood at $11.2 million, or 19.6% of sales, in the fiscal second quarter of 2024. This is a slight decrease in margin percentage compared to $8.9 million, or 20.3% of sales, in the same quarter of the previous year, reflecting some pressure on profitability ratios despite higher sales volume.

Summarized from source with an LLMView Source

Key figures

-11.3%1Y

-17.9%3Y

12.3%5Y

Performance

36.7%1Y

31.8%3Y

34.4%5Y

Volatility