Loading...
•
Nov 30, 2019
Kura Sushi Q1 2020 Earnings Report
Kura Sushi's financial performance in Q1 2020 resulted in increased total sales and comparable restaurant sales growth.
Key Takeaways
Kura Sushi USA, Inc. reported a 30% increase in total sales, reaching $17.4 million, and a 7.9% increase in comparable restaurant sales growth for the fiscal first quarter ended November 30, 2019. The company's operating loss was $1.4 million, and net loss was $1.2 million, or ($0.15) per diluted share.
Total sales increased 30% to $17.4 million compared to the first quarter of 2019.
Comparable restaurant sales growth increased 7.9%.
Operating loss was $1.4 million, compared to a loss of $0.4 million in the first quarter of 2019.
Net loss was $1.2 million, or ($0.15) per diluted share, compared to net loss of $0.4 million, or ($0.08) per diluted share in the first quarter of 2019.
Forward Guidance
The Company reiterates the following annual assumptions for the full fiscal year of 2020: Total sales between $84 million and $87 million; Comparable restaurant sales growth between 2% and 4%; Restaurant-level contribution margin between 20.5% and 21.5%; Adjusted EBITDA margin between 9% and 10%; and 6 new restaurants.
Positive Outlook
- Total sales between $84 million and $87 million
- Comparable restaurant sales growth between 2% and 4%
- Restaurant-level contribution margin between 20.5% and 21.5%
- Adjusted EBITDA margin between 9% and 10%
- 6 new restaurants
Historical Earnings Impact
Analyze how earnings announcements historically affect stock price performance
Avg. Return Before/After Earnings
Loading earnings performance data...
Loading earnings reaction data...