Kura Sushi USA Q4 sales rise, but miss expectations
KRUS•Kura Sushi USA's fiscal fourth-quarter sales rose year over year to $88.88 million but missed the $90.88 million estimate; adjusted EPS of $0.08 also missed the $0.19 estimate. Comparable sales fell 5.7%, and the company forecast fiscal 2027 sales of $376 million to $381 million.
1. Quarterly results
Kura Sushi USA reported fiscal fourth-quarter sales of $88.88 million, up year over year but below the $90.88 million analyst estimate. Adjusted EPS was $0.08, compared with the $0.19 estimate, while loss per share was $0.02.
2. Sales and costs
Comparable restaurant sales fell 5.7%, as traffic declined 11.5%; a 5.8% increase in price and mix partly offset the drop. Tariffs on imported ingredients increased food and beverage costs as a percentage of sales, partly offset by menu price increases. The labor cost ratio improved through operational efficiencies and pricing, partly offset by low-single-digit wage inflation.
3. Fiscal 2027 outlook
Kura Sushi expects fiscal 2027 sales of $376 million to $381 million and plans to open 17 restaurants. It expects general and administrative expenses to be about 11.5% of sales.
