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Kura Sushi USA (KRUS)
NASDAQ:KRUS
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Earnings Data
Report Date
Jan 02, 2025TBA Not Confirmed
Period Ending
2025 (Q1)Consensus EPS Forecast
-$0.21Last Year’s EPS
-$0.18Same Quarter Last Year
Moderate Buy
Based on 6 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Nov 06, 2024
|% Change Since: -9.53%
|Next Earnings Date:Jan 02, 2025
Earnings Call Sentiment|Neutral
The earnings call presented a mixed sentiment with notable achievements in new market growth and operational efficiencies. However, these were offset by declines in quarterly sales and increased costs, resulting in an overall net loss. The company remains optimistic about future growth and operational improvements.Company Guidance
During the Kura Sushi USA Q4 2024 earnings call, the company provided guidance for fiscal year 2025, expecting total sales between $275 million and $279 million and plans to open 14 new units, maintaining a unit growth rate above 20%. They anticipate general and administrative expenses to be approximately 13.5% of sales. Despite a challenging sales environment, Kura Sushi reported a restaurant-level operating profit margin of 20.9% for Q4, with full-year comps at 0.7% and emphasized ongoing cost-saving initiatives. These efforts include operational streamlining and a new reservation system anticipated to improve labor efficiency by up to 50 basis points. The company expressed optimism about the Pacific Northwest market, following strong performances in new openings there, and plans to expand into smaller markets to test scalability beyond major DMAs.Strong Start to New Fiscal Year
The company reported a strong start to the new fiscal year, outperforming expectations with full-year comps of 0.7% and maintaining restaurant-level operating profit margins above 20%.
Pacific Northwest Market Potential
New units in the Pacific Northwest, specifically in Beaverton, Oregon, and Tacoma, Washington, have exceeded expectations, indicating significant potential in this market.
Operational Efficiencies and Cost Savings
The company achieved a 100 basis point improvement in cost of goods sold, reducing it to 28.5% of sales, and has completed streamlining efforts to improve labor cost efficiency.
Expansion and Development
The company opened 14 new units in the fiscal year and has 6 units under construction, maintaining an annual unit growth rate above 20%.
Cash and Liquidity
The company ended the fiscal fourth quarter with $51 million in cash and cash equivalents and no debt.
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KRUS Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
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KRUS Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Nov 06, 2024 | $103.48 | $95.09 | -8.11% |
| Jul 09, 2024 | $58.47 | $49.07 | -16.08% |
| Apr 04, 2024 | $103.85 | $110.05 | +5.97% |
| Jan 04, 2024 | $74.59 | $87.77 | +17.67% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
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FAQ
When does Kura Sushi USA (KRUS) report earnings?
Kura Sushi USA (KRUS) is schdueled to report earning on Jan 02, 2025, TBA Not Confirmed.
What is Kura Sushi USA (KRUS) earnings time?
Kura Sushi USA (KRUS) earnings time is at Jan 02, 2025, TBA Not Confirmed.
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is KRUS EPS forecast?
KRUS EPS forecast for the fiscal quarter 2025 (Q1) is -$0.21.
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