Kura Sushi Earnings: What To Look For From KRUS

KRUS Cover Image

Sushi restaurant chain Kura Sushi (NASDAQ: KRUS) will be announcing earnings results this Tuesday afternoon. Here’s what investors should know.

Kura Sushi met analysts’ revenue expectations last quarter, reporting revenues of $64.89 million, up 13.3% year on year. It was a softer quarter for the company, with a significant miss of analysts’ EBITDA estimates and a miss of analysts’ same-store sales estimates.

Is Kura Sushi a buy or sell going into earnings? Read our full analysis here, it’s free.

This quarter, analysts are expecting Kura Sushi’s revenue to grow 14.3% year on year to $72.13 million, slowing from the 28.1% increase it recorded in the same quarter last year. Adjusted loss is expected to come in at -$0.01 per share.

Kura Sushi Total Revenue

Analysts covering the company have generally reconfirmed their estimates over the last 30 days, suggesting they anticipate the business to stay the course heading into earnings. Kura Sushi has missed Wall Street’s revenue estimates five times over the last two years.

Looking at Kura Sushi’s peers in the restaurants segment, only Darden has reported results so far. It met analysts’ revenue estimates, delivering year-on-year sales growth of 10.6%. The stock price was unchanged following the results.

Read our full analysis of Darden’s earnings results here.

There has been positive sentiment among investors in the restaurants segment, with share prices up 5% on average over the last month. Kura Sushi is up 11.7% during the same time and is heading into earnings with an average analyst price target of $78.44 (compared to the current share price of $90.77).

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