Kura Sushi USA Widens Q1 Losses While Revenue Growth Accelerates

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Kura Sushi USA, Inc. (KRUS) reported a challenging first quarter, with deepening operational losses that outpaced Wall Street expectations on the downside. The sushi restaurant operator posted a net loss of $3.06 million, representing a significant deterioration from the $0.96 million loss recorded in the prior year period.

On a per-share basis, the company’s loss widened to -$0.25, compared to -$0.08 last year—a considerable miss against the consensus analyst estimate of -$0.18 per share. Even when stripping out one-time items for an adjusted view, Kura Sushi USA still reported an adjusted loss of $2.82 million, or -$0.23 per share.

The Bright Spot: Revenue Momentum

Despite the bottom-line struggles, Kura Sushi USA demonstrated solid top-line performance. The company’s quarterly revenue climbed 14.0% year-over-year to $73.46 million from $64.46 million, showing sustained customer demand and expansion efforts. This revenue acceleration suggests the restaurant chain continues to attract traffic despite the elevated loss position.

Forward-Looking Guidance

Management provided full-year revenue guidance of $330 million to $334 million, offering investors a clearer picture of expected performance as Kura Sushi USA navigates operational challenges ahead.

Q1 Financial Summary (GAAP Basis)

  • Net Loss: $3.06 million vs. $0.96 million (YoY)
  • EPS: -$0.25 vs. -$0.08 (YoY)
  • Revenue: $73.46 million vs. $64.46 million (YoY growth: +14.0%)
  • Full-Year Revenue Guidance: $330M - $334M
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