NASDAQ$KRUS

Kura Sushi USA Inc · Q2 2021 earnings

Q2 2021 earnings · · Investor relations

Briefing

Kura Sushi's financial results were significantly impacted by increased COVID restrictions but saw a rebound in sales towards the end of the quarter.

Kura Sushi USA, Inc. reported a decrease in total sales to $9.1 million compared to $19.4 million in the second quarter of 2020. The company experienced an operating loss of $3.8 million and a net loss of $3.9 million, or ($0.46) per diluted share.

  • Total sales were $9.1 million, a decrease from $19.4 million in the second quarter of 2020.
  • Operating loss was $3.8 million, compared to an operating loss of $0.2 million in the second quarter of 2020.
  • Net loss was $3.9 million, or ($0.46) per diluted share, compared to a net loss of $0.1 million, or ($0.02) per diluted share, in the second quarter of 2020.
  • As of February 28, 2021, 28 of the 30 restaurants were open in some capacity.

Headline financials

Total Revenue

$9.08M

Previous: $19.4M-53.2%
EPS (adj)

-$0.78

Previous: -$0.02-3800.0%
Restaurant-level operating profit

-$1.3M

Previous: $3.88M-133.5%
Restaurant-level operating profit margin

-14.8%

Previous: 20.0%-174.0%
Capital Expenditures

-$9.79M

Previous: -$7.07M-38.5%
Free Cash Flow

-$13.7M

Previous: -$7.21M-89.8%
Net Income

-$3.88M

Previous: -$133K-2818.0%
Operating Income

-$3.8M

Previous: -$240K-1484.2%
Gross Profit

-$834K

Previous: $2.58M-132.3%
Cash & Equivalents

$1.75M

Previous: $30M-94.2%
Total Assets

$118M

Previous: $125M-5.3%
Stock-Based Comp

$309K

Previous: $211K+46.4%

Revenue & EPS history

Kura Sushi · Revenue · Quarterly

$9.08M

Q2 2021-53.2%vs Q2 2020
Beat estimate in 9 of 11 quarters(82%)
ActualEstimate

Forward guidance

The company expects a rebound in sales with relaxed restrictions and increasing vaccination rates.

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 Q2 2021

Historical avgQ2 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

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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