Kura Sushi (KRUS) beat Q3 Earnings stock Up 1.97% After Hours
📈 KRUS rose 1.97% after hours to $88.49
🔍 Key Results (Quarter Ended May 31, 2025)
- EPS (non-GAAP): $0.05 vs est. ($0.01) ✅
- Revenue: $74.0M vs est. $71.8M ✅
- Net Income: $0.6M, up from a $0.6M loss YoY
- Same-Store Sales: -2.1% YoY
- Adjusted EBITDA: $5.4M (margin: 7.3%) vs $4.5M YoY
- Restaurant-Level Operating Profit: $13.5M (margin: 18.2%)
📅 FY25 Guidance (Updated)
- Revenue: ~$281M vs est. $278.6M ✅
- Unit Growth: 15 new restaurants (over 20% YoY growth)
- G&A/Sales Ratio: Below 13% (excluding legal costs)
💼 Operational & Margin Notes
- Food & beverage costs improved to 28.3% of sales
- Labor costs rose to 33.1%
- Operating loss narrowed to $0.2M (from $1.2M loss YoY)
- Cash & equivalents: $47.1M as of May 31
⚠️ Risks Highlighted
- Traffic down 2.9%, leading to lower same-store sales
- Ongoing wage and utility cost pressure
- Macroeconomic and expansion-related risks remain
✅ Bottom Line
Kura Sushi beat both EPS and revenue expectations in Q3 FY25, driven by improved margins and continued expansion. FY25 revenue guidance slightly exceeded consensus, supporting a positive long-term growth trajectory.