Kura Sushi USA Starts Fiscal 2025 Strongly

Kura Sushi ( (KRUS) ) has released its Q1 earnings. Here is a breakdown of the information Kura Sushi presented to its investors.

Kura Sushi USA, Inc. is a technology-enabled Japanese restaurant chain known for its unique revolving sushi service, operating 70 locations across 20 states and Washington DC. The company’s recent earnings report for the fiscal first quarter of 2025 highlighted a successful start to the year with total sales reaching $64.5 million, an increase from $51.5 million in the previous year. Notably, comparable restaurant sales saw a modest increase of 1.8%, and the company opened six new restaurants during the quarter. Despite an operating loss of $1.5 million, this reflected an improvement from the $2.8 million loss in the previous year, and the net loss was also reduced to $1 million from $2 million. The restaurant-level operating profit was $11.7 million, accounting for 18.2% of sales, while Adjusted EBITDA reached $3.6 million, showcasing improved cost management. The company also completed a successful public offering of common stock, raising approximately $64.4 million net proceeds. Looking forward, Kura Sushi maintains a positive outlook, expecting total sales between $275 million and $279 million for the full fiscal year 2025, alongside plans to open 14 new restaurants, sustaining an annual unit growth rate above 20%.