NASDAQ$KRUS
Kura Sushi USA Inc · Q2 2022 earnings
Q2 2022 earnings · · Investor relations
Briefing
Kura Sushi's financial performance improved with increased sales and new restaurant openings.
Kura Sushi USA, Inc. reported fiscal second quarter 2022 financial results with a total sales of $31.3 million compared to $9.1 million in the second quarter of 2021. The company's comparable restaurant sales increased 183% compared to the second quarter of 2021 and 11.3% compared to the second quarter of 2020. The company opened three new restaurants during the quarter.
- Total sales were $31.3 million, a significant increase from $9.1 million in Q2 2021.
- Comparable restaurant sales increased 183% compared to Q2 2021 and 11.3% compared to Q2 2020.
- Operating loss was $1.9 million, an improvement from the $3.8 million loss in Q2 2021.
- The company opened three new restaurants during the quarter, expanding its restaurant base.
Headline financials
Revenue & EPS history
Kura Sushi · Revenue · Quarterly
$31.3M
Forward guidance
For the full fiscal year 2022, the Company reaffirms the following previously provided annual guidance: Total sales between $130 million and $140 million; General and administrative expenses as a percentage of sales of approximately 17%; and 8 to 10 new restaurants, with average net capital expenditures per unit of approximately $2.1 million.
Tailwinds
- Total sales between $130 million and $140 million.
- General and administrative expenses as a percentage of sales of approximately 17%.
- 8 to 10 new restaurants are expected to open.
- Average net capital expenditures per unit of approximately $2.1 million.
- Guidance based on recent results and performance in Q3 2022.
Headwinds
- Expectations assume no further operating restrictions from COVID-19.
- Restaurant industry remains highly vulnerable to COVID-related volatility.
- Macroeconomic conditions and other economic factors.
- Changes in consumer preferences and the level of acceptance of our restaurant concept in new markets.
- Volatility in the price of our common stock.
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 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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