04:34 PM EDT, 04/04/2024 (MT Newswires) -- Kura Sushi USA ( KRUS ) reported a fiscal Q2 loss late Thursday of $0.09 per diluted share, narrowing from the loss of $0.10 a year earlier.

Four analysts polled by Capital IQ expected a loss of $0.04.

Sales in the quarter ended Feb 29 rose to $57.3 million from $43.9 million a year earlier. Analysts surveyed by Capital IQ expected $56.6 million.

The company expects fiscal 2024 sales of $243 million to $246 million, compared with its Jan. 4 forecast of $239 million to $244 million. Analysts in a Capital IQ poll expect $243 million.

Shares of the company rose 3.2% in after-hours activity.

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