NASDAQ$KRUS
Kura Sushi USA Inc · Q1 2021 earnings
Q1 2021 earnings · · Investor relations
Briefing
Kura Sushi's financial performance declined due to COVID-19 restrictions, but initiatives improved sales sequentially.
Kura Sushi USA reported a decrease in total sales to $9.4 million compared to $17.4 million in the first quarter of 2020. The company experienced an operating loss of $6.3 million, and a net loss of $6.4 million, or ($0.76) per diluted share. Despite these losses, Kura Sushi opened three new restaurants and saw a 70% sequential increase in total sales from the previous quarter.
- Total sales decreased to $9.4 million from $17.4 million in the first quarter of 2020.
- Operating loss was $6.3 million, compared to an operating loss of $1.4 million in the first quarter of 2020.
- Net loss was $6.4 million, or ($0.76) per diluted share, compared to a net loss of $1.2 million, or ($0.15) per diluted share, in the first quarter of 2020.
- Three new restaurants were opened during the first quarter of 2021, located in Fort Lee, NJ; Koreatown (Los Angeles), CA; and Washington DC.
Headline financials
Revenue & EPS history
Kura Sushi · Revenue · Quarterly
$9.41M
Forward guidance
Kura Sushi faces tougher state and local operational restrictions, particularly in California, which has led to a decline in comparable restaurant sales in December. The company remains confident about its post-pandemic recovery.
Tailwinds
- Optimistic about business and its growth potential.
- Enhanced off-premise offerings through partnership with Square.
- Financial security provided through relationship with Kura Sushi Japan.
- Able to operate 27 out of 28 restaurants in Q1 2021.
- Improved total sales by 70% sequentially from fiscal fourth quarter of 2020.
Headwinds
- Tougher state and local operational restrictions.
- California enacted a total ban on both indoor and outdoor dining effective December 6, 2020.
- December comparable restaurant sales decline of approximately 64%.
- Sequential decline in sales of approximately 10% from November.
- Operating in an uncertain environment.
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 2021
+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
| Quarter | Report date | Reaction (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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