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Aug 31, 2024
Kura Sushi Q4 2024 Earnings Report
Kura Sushi's financial performance declined in Q4 2024 compared to the same period last year, with a decrease in comparable restaurant sales and a shift from operating income to operating loss.
Key Takeaways
Kura Sushi USA reported a decrease in comparable restaurant sales and a shift from operating income to an operating loss. Total sales increased, but the company experienced a net loss, contrasting with the net income reported in the fourth quarter of 2023.
Total sales increased to $66.0 million from $54.9 million in Q4 2023.
Comparable restaurant sales decreased by 3.1% compared to Q4 2023.
The company experienced an operating loss of $5.8 million, a decline from the $2.2 million operating income in Q4 2023.
Net loss was $5.2 million, or $(0.46) per diluted share, compared to a net income of $2.9 million, or $0.25 per diluted share, in Q4 2023.
Forward Guidance
Kura Sushi anticipates total sales between $275 million and $279 million and plans to open 14 new restaurants in fiscal year 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%
Historical Earnings Impact
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Avg. Return Before/After Earnings
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