NASDAQ$KRUS

Kura Sushi USA Inc · Q4 2021 earnings

Q4 2021 earnings · · Investor relations

Briefing

Kura Sushi demonstrated business recovery with top line growth and improved comparable restaurant sales.

Kura Sushi USA, Inc. reported fiscal fourth quarter 2021 financial results, demonstrating continued momentum in business recovery with significant top-line growth and a 4.9% increase in comparable restaurant sales versus 2019. The company opened one new restaurant during the quarter and had all 32 restaurants open with 100% indoor dining capacity as of August 31, 2021.

  • Total sales were $27.9 million compared to $5.5 million in the fourth quarter of 2020.
  • Operating loss was $0.8 million, compared to an operating loss of $6.8 million in the fourth quarter of 2020.
  • Restaurant-level operating profit was $4.6 million.
  • One new restaurant opened during the fourth quarter of 2021.

Headline financials

Total Revenue

$27.9M

Previous: $5.53M+405.1%
EPS (adj)

-$0.15

Previous: -$0.82+81.7%
Comparable restaurant sales

4.9%

Previous: -72.7%+106.7%
Capital Expenditures

$2.66M

Previous: $5.05M-47.3%
Free Cash Flow

-$113K

Previous: -$7.36M+98.5%
Net Income

-$800K

Previous: -$6.85M+88.3%
Operating Income

-$800K

Previous: -$6.84M+88.3%
Gross Profit

$4.35M

Previous: -$3.69M+218.0%
Cash & Equivalents

$40.4M

Previous: $9.26M+336.3%
Total Assets

$178M

Previous: $118M+50.1%
Stock-Based Comp

$443K

Previous: $280K+58.2%

Revenue & EPS history

Kura Sushi · Revenue · Quarterly

$27.9M

Q4 2021+405.1%vs Q4 2020
Beat estimate in 10 of 12 quarters(83%)
ActualEstimate

Forward guidance

Kura Sushi USA, Inc. anticipates total sales between $130 million and $140 million, and general and administrative expenses as a percentage of sales of approximately 17%. The company also plans to open 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
  • 8 to 10 new restaurants planned
  • Expansion plans indicate confidence in future growth
  • New restaurant performance is strong
  • Company whitespace potential is larger than ever

Headwinds

  • Guidance assumes no further operating restrictions or material downturns in the pandemic situation
  • Restaurant industry remains highly vulnerable to COVID-related volatility
  • General and administrative expenses expected to be 17% of sales
  • Macroeconomic conditions and other economic factors
  • Changes in consumer preferences

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 Q4 2021

Historical avgQ4 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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