NASDAQ$KRUS
Kura Sushi USA Inc · Q1 2022 earnings
Q1 2022 earnings · · Investor relations
Briefing
Kura Sushi's financial performance demonstrated significant growth compared to the previous year, driven by increased sales and improved operating efficiency.
Kura Sushi USA reported a strong first quarter for fiscal year 2022, with total sales increasing to $29.8 million compared to $9.4 million in the same quarter of the previous year. Comparable restaurant sales also saw a substantial increase of 154%. The company's operating loss decreased significantly, and restaurant-level operating profit reached $5.8 million.
- Total sales increased to $29.8 million, a significant rise from $9.4 million in the first quarter of 2021.
- Comparable restaurant sales increased by 154% compared to the first quarter of 2021.
- Operating loss improved to $1.3 million, compared to a $6.3 million loss in the same period last year.
- Restaurant-level operating profit was $5.8 million, a substantial turnaround from the previous year's operating loss.
Headline financials
Revenue & EPS history
Kura Sushi · Revenue · Quarterly
$29.8M
Forward guidance
Kura Sushi reaffirms its full fiscal year 2022 guidance, expecting total sales between $130 million and $140 million, general and administrative expenses as a percentage of sales of approximately 17%, and the opening of 8 to 10 new restaurants with average net capital expenditures per unit of approximately $2.1 million.
Tailwinds
- Total sales are expected to be between $130 million and $140 million.
- General and administrative expenses as a percentage of sales are projected to be approximately 17%.
- Company plans to open 8 to 10 new restaurants.
- Average net capital expenditures per new unit are estimated at approximately $2.1 million.
- Guidance based on recent results and performance to date in the second quarter of fiscal 2022.
Headwinds
- Guidance assumes no further operating restrictions or material downturns from COVID-19.
- The restaurant industry remains highly vulnerable to COVID-related volatility.
- Potential changes in consumer preferences and the level of acceptance of our restaurant concept in new markets
- Minimum wage increases and mandated employee benefits that could cause a significant increase in our labor costs
- The failure of our automated equipment or information technology systems or the breach of our network security
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 2022
+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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