Overview

* Kura Sushi fiscal Q3 sales rise to $74 mln, beating analyst expectations, per LSEG data

* Adjusted EPS for fiscal Q3 beats consensus, reflecting strong operational performance

* Company opened three new restaurants, contributing to growth strategy

Outlook

* Company forecasts fiscal year 2025 sales of approximately $281 mln

* Kura Sushi plans to open 15 new restaurants in fiscal year 2025

* Company expects general and administrativeexpensesas a percentage ofsalesto be below 13% exclusive of legal settlements

Result Drivers

* SALES GROWTH - Total sales increased by 17.3% to $74 million, surpassing analyst expectations of $71.8 million

* TRAFFIC DECLINE - Comparable restaurant sales fell 2.1%, partly due to a 2.9% drop in customer traffic

* COST MANAGEMENT - Improved food and beverage cost percentage due to menu price hikes and supply chain initiatives, despite inflation

Key Details

Metric Beat/Mis Actual Consensu

s s

Estimate

Q3 Sales Beat $74 mln $71.80

mln (9

Analysts

)

Q3 Beat $0.05 -$0.01

Adjusted (9

EPS Analysts

)

Q3 EPS $0.05

Q3 Beat $600,000 -$206,00

Adjusted 0 (8

Net Analysts

Income )

Q3 Net $600,000

Income

Q3 Beat $5.40 $4.84

Adjusted mln mln (9

EBITDA Analysts

)

Analyst Coverage

* The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 6 "strong buy" or "buy", 4 "hold" and no "sell" or "strong sell"

* The average consensus recommendation for the restaurants & bars peer group is "buy"

* Wall Street's median 12-month price target for Kura Sushi USA Inc ( KRUS ) is $79.00, about 8.7% below its July 7 closing price of $85.88

* The stock recently traded at 2,722 times the next 12-month earnings vs. a P/E of 248 three months ago

Press Release:

(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)