Kura Sushi Q1 2025 Earnings Report
Key Takeaways
Kura Sushi USA, Inc. reported a strong start to fiscal year 2025 with increased total sales, positive comparable restaurant sales, and improved profitability. The company opened six new restaurants and reiterated its full-year guidance.
Total sales increased to $64.5 million, up from $51.5 million in the first quarter of 2024.
Comparable restaurant sales rose by 1.8% compared to the same quarter last year.
Operating loss decreased to $1.5 million, compared to a $2.8 million loss in the first quarter of 2024.
Net loss was $1.0 million, or $(0.08) per diluted share, an improvement from the $2.0 million loss, or $(0.18) per diluted share, in the prior year's quarter.
Kura Sushi
Kura Sushi
Forward Guidance
The Company reiterates the following annual guidance for the full fiscal year of 2025.
Positive Outlook
- Total sales between $275 million and $279 million.
- 14 new restaurants, maintaining an annual unit growth rate above 20%.
- Average net capital expenditures per unit of approximately $2.5 million.
- General and administrative expenses as a percentage of sales to be approximately 13.5%.
- Company is excited for another banner year