Kura Sushi (KRUS) Misses Q1 EPS by 8c, provides outlook

Kura Sushi (NASDAQ: KRUS) reported Q1 EPS of ($0.18), $0.08 worse than the analyst estimate of ($0.10). Revenue for the quarter came in at $51.5 million versus the consensus estimate of $51.51 million.

Fiscal Year 2024 Outlook

For the full fiscal year of 2024, the Company reiterates and updates the following annual guidance:

Total sales between $239 million and $244 million;
General and administrative expenses as a percentage of sales to be approximately 14.5%; and
12 to 14 new restaurants, with average net capital expenditures per unit of approximately $2.5 million.

For earnings history and earnings-related data on Kura Sushi (KRUS) click here.

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