NASDAQ$KRUS

Kura Sushi USA Inc · Q1 2020 earnings

Q1 2020 earnings · · Investor relations

Briefing

Kura Sushi's financial performance in Q1 2020 resulted in increased total sales and comparable restaurant sales growth.

Kura Sushi USA, Inc. reported a 30% increase in total sales, reaching $17.4 million, and a 7.9% increase in comparable restaurant sales growth for the fiscal first quarter ended November 30, 2019. The company's operating loss was $1.4 million, and net loss was $1.2 million, or ($0.15) per diluted share.

  • Total sales increased 30% to $17.4 million compared to the first quarter of 2019.
  • Comparable restaurant sales growth increased 7.9%.
  • Operating loss was $1.4 million, compared to a loss of $0.4 million in the first quarter of 2019.
  • Net loss was $1.2 million, or ($0.15) per diluted share, compared to net loss of $0.4 million, or ($0.08) per diluted share in the first quarter of 2019.

Headline financials

Total Revenue

$17.4M

Previous: $13.4M+30.0%
EPS (adj)

-$0.15

Previous: -$0.08-87.5%
Capital Expenditures

-$3.19M

Previous: $2.57M-224.1%
Free Cash Flow

-$4.42M

Previous: -$1.15M-283.2%
Net Income

-$1.22M

Previous: -$391K-213.0%
Operating Income

-$1.39M

Previous: -$415K-235.2%
Gross Profit

$1.96M

Previous: $1.75M+11.8%
Cash & Equivalents

$33M

No prior period
Total Assets

$116M

No prior period
Stock-Based Comp

$121K

Previous: $160K-24.4%

Revenue & EPS history

Kura Sushi · Revenue · Quarterly

$17.4M

Q1 2020+30%vs Q1 2019
Beat estimate in 9 of 11 quarters(82%)
ActualEstimate

Forward guidance

The Company reiterates the following annual assumptions for the full fiscal year of 2020: Total sales between $84 million and $87 million; Comparable restaurant sales growth between 2% and 4%; Restaurant-level contribution margin between 20.5% and 21.5%; Adjusted EBITDA margin between 9% and 10%; and 6 new restaurants.

Tailwinds

  • Total sales between $84 million and $87 million
  • Comparable restaurant sales growth between 2% and 4%
  • Restaurant-level contribution margin between 20.5% and 21.5%
  • Adjusted EBITDA margin between 9% and 10%
  • 6 new restaurants

Historical earnings impact

How earnings announcements have historically affected this stock's price.

Avg. return before/after earnings

Based on 18 quarterly earnings reports · overlaid with Q1 2020

Historical avgQ1 2020

+2.1%

Avg return

Earnings day

+4.7%

Avg return

5 days after

+10.2%

Avg return

30 days after

52%

16 / 31 earnings

Positive

+43.4%

Q3 2022

Best reaction

-22.4%

Q1 2022

Worst reaction

Earnings price reactions
QuarterReport dateReaction (Day 0)+5 days+30 days
Q3 2026
Q2 2026-17.8%-18.5%
Q1 2026+16.8%+29.5%+42.5%
Q4 2025-11.3%-13.0%-1.4%
Q3 2025+1.7%+12.5%+6.4%
Q2 2025+31.6%+25.2%+47.7%
Q1 2025-12.5%-15.0%-30.0%
Q4 2024-4.9%-7.7%+6.8%
Q3 2024-20.8%-11.6%-6.4%
Q2 2024+5.7%+11.1%+1.7%
Q1 2024+19.1%+30.5%+32.7%
Q4 2023-10.6%-16.3%-3.8%
Q3 2023+14.3%+19.5%+5.7%
Q2 2023-14.9%-16.5%-0.8%
Q1 2023-20.6%+2.0%+23.1%
Q4 2022+3.0%+1.1%-2.1%
Q3 2022+43.4%+45.6%+68.4%
Q2 2022-5.6%-6.2%-23.9%
Q1 2022-22.4%-18.3%-36.7%
Q4 2021+36.2%+45.3%+29.5%
Q3 2021+24.4%+32.9%+18.8%
Q2 2021+3.6%+3.0%+10.1%
Q1 2021+10.7%+19.5%+34.0%
Q4 2018+5.9%+10.5%+16.5%
Q4 2020-8.3%-5.6%+7.1%
Q3 2020+4.8%+1.4%+0.5%
Q2 2019-0.7%-12.2%+11.2%
Q2 2020-0.7%-12.2%+11.2%
Q1 2019-3.9%-2.7%-9.2%
Q1 2020-8.0%-12.9%-17.9%
Q3 2019+3.2%+12.1%+31.6%
Q4 2019+3.2%+12.1%+31.6%
Q3 2018

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