Kura Sushi USA (NASDAQ: KRUS) Fiscal Third Quarter 2025 Financial Results
Kura Sushi USA, Inc. released its fiscal third-quarter financial results on July 8, 2025, for the quarter ended on May 31, 2025.
## Summary:
– **Total Sales**:
– Total sales for Q3 2025 were $74.0 million, marking an increase compared to $63.1 million in Q3 2024.
– **Comparable Restaurant Sales**:
– Comparable restaurant sales decreased by 2.1% in Q3 2025 compared to Q3 2024.
– **Operating Performance**:
– Operating loss improved to $0.2 million from $1.2 million in Q3 2024.
– **Net Income**:
– Net income was $0.6 million, or $0.05 per diluted share, compared to a net loss of $0.6 million, or $(0.05) per diluted share, in Q3 2024.
– **Adjusted Net Income**:
– Adjusted net income was $0.6 million, or $0.05 per diluted share, compared to $4,000 or $0.00 per diluted share in Q3 2024.
– **Restaurant-Level Operating Profit**:
– Restaurant-level operating profit stood at $13.5 million, representing 18.2% of sales.
– **Adjusted EBITDA**:
– Adjusted EBITDA for the quarter was $5.4 million.
– **New Restaurant Openings**:
– Three new restaurants were opened during the period.
– **Yearly Outlook for 2025**:
– Total sales guidance for the full fiscal year of 2025 is approximately $281 million.
– **Financial Metrics**:
– Food and beverage costs as a percentage of sales decreased to 28.3% from 29.2%.
– Labor and related costs as a percentage of sales increased slightly to 33.1% from 32.6%.
– Occupancy and related expenses increased to $5.5 million from $4.3 million.
– General and administrative expenses reduced to $8.7 million from $8.9 million.
– **Balance Sheet**:
– Cash and cash equivalents were $47.1 million as of May 31, 2025, compared to $51.0 million on August 31, 2024.
– **Operational Metrics**:
– The company had 76 restaurants at the end of the period, with a comparable restaurant sales growth of -2.1% for Q3 2025.
– **Special Metrics & Definitions**:
– Adjusted net income, EBITDA, and Adjusted EBITDA are non-GAAP measures used by the company.
## Dividend and Share Repurchase:
The provided text does not mention any declaration of a quarterly dividend or share repurchase by Kura Sushi USA for the fiscal third quarter of 2025.
Overall, Kura Sushi USA showed improvements in total sales, operating loss, net income, and various financial and operational aspects in the third quarter of 2025 compared to the same period in 2024. The company also provided insight into its yearly outlook and updated guidance for fiscal year 2025.
For more information, you can visit [Kura Sushi’s Investor Relations website](www.kurasushi.com).
### Income Statement
| Amount in thousands | Three Months Ended May 31, 2025 | Three Months Ended May 31, 2024 | Nine Months Ended May 31, 2025 | Nine Months Ended May 31, 2024 |
|---|---|---|---|---|
| Sales | $73,965 | $63,082 | $203,315 | $171,848 |
| Food and beverage costs | $20,928 | $18,391 | $58,225 | $50,691 |
| Labor and related costs | $24,478 | $20,534 | $68,306 | $55,712 |
| Occupancy and related expenses | $5,538 | $4,318 | $15,391 | $12,179 |
| Depreciation and amortization expenses | $3,450 | $3,124 | $9,827 | $8,294 |
| Other costs | $10,883 | $8,920 | $29,004 | $24,720 |
| General and administrative expenses | $8,741 | $8,857 | $28,459 | $25,634 |
| Operating loss | ($162) | ($1,169) | ($6,225) | ($5,700) |
| Interest expense | $30 | $15 | $56 | $35 |
| Interest income | ($812) | ($686) | ($2,236) | ($2,280) |
| Income (loss) before income taxes | $620 | ($498) | ($4,045) | ($3,455) |
| Income tax expense | $55 | $60 | $132 | $148 |
| Net income (loss) | $565 | ($558) | ($4,177) | ($3,603) |
| Net income (loss) per share (basic) | $0.05 | ($0.05) | ($0.35) | ($0.32) |
| Net income (loss) per share (diluted) | $0.05 | ($0.05) | ($0.35) | ($0.32) |
| Weighted average shares outstanding (basic) | 12,086 | 11,188 | 11,855 | 11,167 |
| Weighted average shares outstanding (diluted) | 12,311 | 11,188 | 11,855 | 11,167 |
