NASDAQ$KRUS
Kura Sushi USA Inc · Q4 2022 earnings
Q4 2022 earnings · · Investor relations
Briefing
Reported strong sales performance and comparable sales growth, opened three new restaurants, and achieved significant unit growth.
Kura Sushi USA announced positive financial results for Q4 2022, with a significant increase in total sales and comparable restaurant sales. The company achieved operating and net income, compared to losses in the same quarter of the previous year. They also opened three new restaurants during the quarter.
- Total sales were $42.0 million, compared to $27.9 million in the fourth quarter of 2021.
- Comparable restaurant sales increased 27.6% for the fourth quarter of 2022 as compared to the fourth quarter of 2021.
- Operating income was $1.9 million, compared to operating loss of $0.8 million in the fourth quarter of 2021.
- Net income was $1.9 million, or $0.19 per diluted share, compared to net loss of $0.8 million, or $(0.09) per diluted share, in the fourth quarter of 2021.
Headline financials
Revenue & EPS history
Kura Sushi · Revenue · Quarterly
$42M
Forward guidance
Kura Sushi expects total sales between $183 million and $188 million. General and administrative expenses as a percentage of sales of approximately 16%. They plan to open 9 to 11 new restaurants, with average net capital expenditures per unit of approximately $2.5 million.
Tailwinds
- Total sales between $183 million and $188 million
- 9 to 11 new restaurants
- Expansion in existing and new markets
- New restaurant openings
- Growth strategy
Headwinds
- Macroeconomic conditions and other economic factors
- Competition with many other restaurants
- Reliance on vendors, suppliers and distributors, including its parent company Kura Sushi, Inc.
- Changes in consumer preferences and the level of acceptance of the Company’s restaurant concept in new markets
- Minimum wage increases and mandated employee benefits that could cause a significant increase in labor costs
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 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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