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Nov 30, 2024
Kura Sushi Q1 2025 Earnings Report
Kura Sushi's financial performance improved in Q1 2025, marked by increased total sales and positive comparable restaurant sales.
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