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Stock impact report

Kura Sushi USA Announces Fiscal Fourth Quarter and Fiscal Year 2024 Financial Results [Yahoo! Finance]

Kura Sushi USA, Inc. - Class A (KRUS) 
Company Research Source: Yahoo! Finance
restaurant concept, today announced financial results for the fiscal fourth quarter and fiscal year ended August 31, 2024. Fiscal Fourth Quarter 2024 Highlights Total sales were $66.0 million, compared to $54.9 million in the fourth quarter of 2023; Comparable restaurant sales decreased 3.1% for the fourth quarter of 2024 as compared to the fourth quarter of 2023; Operating loss was $5.8 million, compared to operating income of $2.2 million in the fourth quarter of 2023; Net loss was $5.2 million, or $(0.46) per diluted share, compared to net income of $2.9 million, or $0.25 per diluted share, in the fourth quarter of 2023; Adjusted net income* was $1.0 million, or $0.09 per diluted share, compared to an adjusted net income of $2.9 million or $0.25 per diluted share, in the fourth quarter of 2023; Restaurant-level operating profit* was $13.8 million, or 20.9% of sales; Adjusted EBITDA* was $5.5 million; and One new restaurant opened during the fiscal fourth quarter o Show less Read more
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