Loading...
•
Feb 28, 2021
Kura Sushi Q2 2021 Earnings Report
Kura Sushi's financial results were significantly impacted by increased COVID restrictions but saw a rebound in sales towards the end of the quarter.
Key Takeaways
Kura Sushi USA, Inc. reported a decrease in total sales to $9.1 million compared to $19.4 million in the second quarter of 2020. The company experienced an operating loss of $3.8 million and a net loss of $3.9 million, or ($0.46) per diluted share.
Total sales were $9.1 million, a decrease from $19.4 million in the second quarter of 2020.
Operating loss was $3.8 million, compared to an operating loss of $0.2 million in the second quarter of 2020.
Net loss was $3.9 million, or ($0.46) per diluted share, compared to a net loss of $0.1 million, or ($0.02) per diluted share, in the second quarter of 2020.
As of February 28, 2021, 28 of the 30 restaurants were open in some capacity.
Forward Guidance
The company expects a rebound in sales with relaxed restrictions and increasing vaccination rates.
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...