Kura Sushi Posts 23% Q2 Sales Gain to $80M, Narrows Loss
Kura Sushi's Q2 sales rose 23% to $80M with compsales up 8.6%, narrowing net loss to $1.7M or $0.14 per share (adjusted loss $0.04). The company reiterates full-year revenue guidance of $333M–$335M and plans 16 new restaurant openings.
1. Fiscal Q2 Sales and Profitability
Kura Sushi achieved $80.0 million in total sales for the fiscal second quarter, a 23% increase from $64.9 million a year earlier. Comparable restaurant sales rose 8.6%, while net loss narrowed to $1.7 million, or $0.14 per share, with adjusted net loss of $0.5 million, or $0.04 per share.
2. Restaurant-Level Profit and Cost Management
Restaurant-level operating profit reached $14.6 million, representing 18.2% of sales, and adjusted EBITDA climbed to $5.5 million. Food and beverage costs rose to 30.4% of sales due to tariffs, while labor costs fell to 30.7% on efficiency improvements and pricing strategies.
3. Full-Year Guidance and Expansion Plans
The company reaffirmed full-year revenue guidance of $333 million to $335 million and plans to open 16 new restaurants, maintaining above 20% annual unit growth. Average net capital expenditure per unit is projected at $2.5 million, with targeted restaurant-level operating margins of 18% to 18.5% and G&A expenses near 12% of sales.
4. CFO Transition at Kura Sushi
Jeff Uttz will depart as chief financial officer on April 28, 2026, with President and CEO Hajime Uba serving as interim CFO during the search for a successor. Uttz led financial strategy during a period of rapid expansion, growing the restaurant base from 39 to 88 locations.