Kura Sushi USA Announces Preliminary Unaudited Fiscal Third Quarter 2024 Financial Results [Yahoo! Finance]
Kura Sushi USA, Inc. - Class A (KRUS)
Company Research
Source: Yahoo! Finance
restaurant concept, today announced preliminary unaudited results for the third quarter of fiscal 2024. Preliminary Unaudited Fiscal Third Quarter 2024 Financial Results The Company is announcing that it now expects to report the following results for the fiscal third quarter of 2024: Total sales are expected to be approximately $63.1 million; Comparable restaurant sales are expected to have increased approximately 0.6% for the third quarter of 2024 as compared to the third quarter of 2023; and Restaurant-level operating profit* is expected to be approximately 20% of sales. Restaurant-level operating profit is a non-GAAP measure and is defined below under “Key Financial Definitions.” See also “Non-GAAP Financial Measures” below. Hajime Uba, President and Chief Executive Officer of Kura Sushi, stated, “The financial results of our fiscal third quarter did not meet our expectations, due largely to unanticipated softness in the California market. Despite this, I'm proud of
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KRUS
News
- Kura Sushi USA, Inc. (NASDAQ: KRUS) had its price target lowered by analysts at Lake Street Capital from $93.00 to $72.00. They now have a "hold" rating on the stock.MarketBeat
- Kura Sushi USA, Inc. (NASDAQ: KRUS) had its price target lowered by analysts at Barclays PLC from $95.00 to $65.00. They now have an "equal weight" rating on the stock.MarketBeat
- Kura Sushi USA, Inc. (NASDAQ: KRUS) had its price target lowered by analysts at Craig Hallum from $130.00 to $120.00. They now have a "buy" rating on the stock.MarketBeat
- Kura Sushi USA, Inc. (NASDAQ: KRUS) had its "buy" rating re-affirmed by analysts at Benchmark Co.. They now have a $115.00 price target on the stock.MarketBeat
- Kura Sushi USA, Inc. (NASDAQ: KRUS) had its "buy" rating re-affirmed by analysts at Roth Mkm. They now have a $90.00 price target on the stock, down previously from $120.00.MarketBeat
KRUS
Earnings
- 4/4/24 - Miss
KRUS
Sec Filings
- 6/27/24 - Form 8-K
- 4/16/24 - Form 4
- 4/12/24 - Form 144
- KRUS's page on the SEC website