We use cookies to understand how you use our site and to improve your experience. This includes personalizing content and advertising. By pressing "Accept All" or closing out of this banner, you accept our Privacy Policy and Terms of Service, revised from time to time, and you consent to the use of all cookies and similar technologies and the sharing of information they collect with third parties. You can reject marketing cookies by pressing "Deny Optional," but we still use essential, performance, and functional cookies.
You are being directed to ZacksTrade, a division of LBMZ Securities and licensed broker-dealer. ZacksTrade and Zacks.com are separate companies. The web link between the two companies is not a solicitation or offer to invest in a particular security or type of security. ZacksTrade does not endorse or adopt any particular investment strategy, any analyst opinion/rating/report or any approach to evaluating individual securities.
If you wish to go to ZacksTrade, click OK. If you do not, click Cancel.
Kura Sushi Q1 Earnings & Revenues Surpass Estimates, Rise Y/Y
Read MoreHide Full Article
Kura Sushi USA, Inc. (KRUS - Free Report) reported first-quarter fiscal 2025 results, with earnings and revenues beating the Zacks Consensus Estimate. The metrics increased on a year-over-year basis.
Stay up-to-date with all quarterly releases: See Zacks Earnings Calendar.
During the quarter, management highlighted the return of comparable sales to positive territory and record-high Adjusted EBITDA margins. Additionally, the solid performance of new store openings added to the positives. The company remains focused on cost-control measures, strategic expansion and driving operational excellence to sustain its momentum and deliver growth in the coming periods.
Following the results, the company shares gained 4% during the after-hours trading session yesterday.
KRUS Fiscal Q1 Earnings & Revenues
In the quarter under review, the company reported an adjusted loss per share of 8 cents, narrower than the Zacks Consensus Estimate of a loss of 24 cents. In the year-ago quarter, the company reported an adjusted loss per share of 18 cents.
Kura Sushi USA, Inc. Price, Consensus and EPS Surprise
Quarterly revenues of $64.5 million beat the consensus mark of $62 million by 4%. In the prior-year quarter, the company reported revenues of $51.5 million.
KRUS’ Q1 Comps Rise YoY
During the fiscal first quarter, comparable restaurant sales increased 1.8% year over year. In the year-ago quarter, the company reported comparable restaurant sales growth of 3.8% year over year. The upside was backed by successful One Piece and Pikmin IP collaboration campaigns.
Operating Highlights
During the fiscal first quarter, restaurant-level operating profit amounted to $11.7 million compared with $10.1 million reported in the prior-year quarter. Restaurant-level operating profit margin during the quarter came in at 18.2% compared with 19.5% reported in the year-ago period.
General and administrative expenses in the fiscal first quarter came in at $8.7 million compared to $6.6 million in the prior-year period.
During the quarter, food and beverage costs (as a percentage of sales) came in at 29% compared with 29.8% in the prior-year quarter. The downside is primarily due to a rise in menu prices, partially offset by food cost inflation.
Adjusted EBITDA in the fiscal first quarter came in at $3.6 million compared with $1.8 million reported in the prior-year quarter.
Balance Sheet
As of Nov. 30, 2024, cash and cash equivalents totaled $107.7 million compared with $51 million as of Aug. 31, 2024.
Total stockholders’ equity at the end of the fiscal first quarter totaled $227.6 million compared with $163.7 million at the end of fourth-quarter fiscal 2024.
Store Developments
During the fiscal first quarter, the company opened six new restaurants in Beaverton, OR; Tacoma, WA; Rockville, MD; Cherry Hill, NJ; Bakersfield, CA; and Fishers, IN. The company expects to open 14 new restaurants in fiscal 2025.
Fiscal 2025 Outlook
For fiscal 2025, the company anticipates sales to be $275-$279 million. It expects general and administrative expenses (as a percentage of sales) to be approximately 13.5%.
KRUS’ Zacks Rank & Key Picks
Kura Sushi currently carries a Zacks Rank #3 (Hold).
Some better-ranked stocks in the Zacks Retail-Wholesale sector have been discussed below.
The Zacks Consensus Estimate for SHAK’s 2025 sales and earnings per share (EPS) indicates a rise of 14.7% and 42%, respectively, from the year-ago period’s levels.
Chipotle Mexican Grill, Inc. (CMG - Free Report) presently carries a Zacks Rank #2 (Buy). CMG has a trailing four-quarter earnings surprise of 9.8%, on average. The stock has surged 29.7% in the past year.
The consensus estimate for CMG’s 2025 sales and EPS indicates growth of 12.8% and 17.9%, respectively, from the year-ago period’s levels.
Brinker International, Inc. (EAT - Free Report) presently carries a Zacks Rank #2. EAT has a trailing four-quarter earnings surprise of 12.1%, on average. The stock has surged 231.3% in the past year.
The consensus estimate for EAT’s fiscal 2025 sales and EPS indicates growth of 9.3% and 44.2%, respectively, from the year-ago period’s levels.
Zacks' 7 Best Strong Buy Stocks (New Research Report)
Valued at $99, click below to receive our just-released report predicting the 7 stocks that will soar highest in the coming month.
Image: Bigstock
Kura Sushi Q1 Earnings & Revenues Surpass Estimates, Rise Y/Y
Kura Sushi USA, Inc. (KRUS - Free Report) reported first-quarter fiscal 2025 results, with earnings and revenues beating the Zacks Consensus Estimate. The metrics increased on a year-over-year basis.
Stay up-to-date with all quarterly releases: See Zacks Earnings Calendar.
During the quarter, management highlighted the return of comparable sales to positive territory and record-high Adjusted EBITDA margins. Additionally, the solid performance of new store openings added to the positives. The company remains focused on cost-control measures, strategic expansion and driving operational excellence to sustain its momentum and deliver growth in the coming periods.
Following the results, the company shares gained 4% during the after-hours trading session yesterday.
KRUS Fiscal Q1 Earnings & Revenues
In the quarter under review, the company reported an adjusted loss per share of 8 cents, narrower than the Zacks Consensus Estimate of a loss of 24 cents. In the year-ago quarter, the company reported an adjusted loss per share of 18 cents.
Kura Sushi USA, Inc. Price, Consensus and EPS Surprise
Kura Sushi USA, Inc. price-consensus-eps-surprise-chart | Kura Sushi USA, Inc. Quote
Quarterly revenues of $64.5 million beat the consensus mark of $62 million by 4%. In the prior-year quarter, the company reported revenues of $51.5 million.
KRUS’ Q1 Comps Rise YoY
During the fiscal first quarter, comparable restaurant sales increased 1.8% year over year. In the year-ago quarter, the company reported comparable restaurant sales growth of 3.8% year over year. The upside was backed by successful One Piece and Pikmin IP collaboration campaigns.
Operating Highlights
During the fiscal first quarter, restaurant-level operating profit amounted to $11.7 million compared with $10.1 million reported in the prior-year quarter. Restaurant-level operating profit margin during the quarter came in at 18.2% compared with 19.5% reported in the year-ago period.
General and administrative expenses in the fiscal first quarter came in at $8.7 million compared to $6.6 million in the prior-year period.
During the quarter, food and beverage costs (as a percentage of sales) came in at 29% compared with 29.8% in the prior-year quarter. The downside is primarily due to a rise in menu prices, partially offset by food cost inflation.
Adjusted EBITDA in the fiscal first quarter came in at $3.6 million compared with $1.8 million reported in the prior-year quarter.
Balance Sheet
As of Nov. 30, 2024, cash and cash equivalents totaled $107.7 million compared with $51 million as of Aug. 31, 2024.
Total stockholders’ equity at the end of the fiscal first quarter totaled $227.6 million compared with $163.7 million at the end of fourth-quarter fiscal 2024.
Store Developments
During the fiscal first quarter, the company opened six new restaurants in Beaverton, OR; Tacoma, WA; Rockville, MD; Cherry Hill, NJ; Bakersfield, CA; and Fishers, IN. The company expects to open 14 new restaurants in fiscal 2025.
Fiscal 2025 Outlook
For fiscal 2025, the company anticipates sales to be $275-$279 million. It expects general and administrative expenses (as a percentage of sales) to be approximately 13.5%.
KRUS’ Zacks Rank & Key Picks
Kura Sushi currently carries a Zacks Rank #3 (Hold).
Some better-ranked stocks in the Zacks Retail-Wholesale sector have been discussed below.
Shake Shack Inc. (SHAK - Free Report) currently sports a Zacks Rank of 1 (Strong Buy). SHAK has a trailing four-quarter earnings surprise of 18.3%, on average. The stock has gained 89.6% in the past year. You can see the complete list of today’s Zacks Rank #1 stocks here.
The Zacks Consensus Estimate for SHAK’s 2025 sales and earnings per share (EPS) indicates a rise of 14.7% and 42%, respectively, from the year-ago period’s levels.
Chipotle Mexican Grill, Inc. (CMG - Free Report) presently carries a Zacks Rank #2 (Buy). CMG has a trailing four-quarter earnings surprise of 9.8%, on average. The stock has surged 29.7% in the past year.
The consensus estimate for CMG’s 2025 sales and EPS indicates growth of 12.8% and 17.9%, respectively, from the year-ago period’s levels.
Brinker International, Inc. (EAT - Free Report) presently carries a Zacks Rank #2. EAT has a trailing four-quarter earnings surprise of 12.1%, on average. The stock has surged 231.3% in the past year.
The consensus estimate for EAT’s fiscal 2025 sales and EPS indicates growth of 9.3% and 44.2%, respectively, from the year-ago period’s levels.