Kura Sushi ( (KRUS) ) has released its Q4 earnings. Here is a breakdown of the information Kura Sushi presented to its investors.
Don't Miss our Black Friday Offers:
- Unlock your investing potential with TipRanks Premium - Now At 40% OFF!
- Make smarter investments with weekly expert stock picks from the Smart Investor Newsletter
Kura Sushi USA, Inc. is a technology-enabled Japanese restaurant chain offering a unique dining experience through its revolving sushi service model, operating 69 locations across the United States.
In its fiscal fourth quarter and year-end 2024 financial report, Kura Sushi USA announced significant increases in total sales, reaching $66 million for the quarter and $237.9 million for the year. Despite this growth in sales, the company reported a net loss in both the fourth quarter and the entire fiscal year.
Key financial highlights from the report include a 20.9% restaurant-level operating profit margin for the fourth quarter and total annual sales growth of 27% compared to the previous fiscal year. However, the company experienced a decrease in comparable restaurant sales and an increase in operating costs, including labor and administrative expenses, which contributed to the net losses.
Looking forward, Kura Sushi USA aims to continue its expansion with plans to open 14 new restaurants, projecting total sales between $275 million and $279 million for fiscal year 2025. The company remains focused on maintaining robust restaurant-level operating profit margins as part of its growth strategy.
