Earnings ·
Reports Q4 net loss of $(0.02) per share as comparable sales drop 5.7%
KRUSKura Sushi USA, Inc.
Kura Sushi USA reported a fiscal fourth-quarter net loss of $0.3 million, or $(0.02) per diluted share, compared to net income of $2.3 million in the prior year period. Total sales rose 11.9% to $88.9 million, but comparable restaurant sales declined 5.7% due to an 11.5% drop in traffic, partially offset by a 5.8% price/mix increase. The company opened four new locations during the quarter and provided fiscal 2027 guidance projecting total sales between $376 million and $381 million with 17 new restaurants. Kura Sushi USA operates a technology-enabled revolving sushi restaurant concept in the United States.