KURA SUSHI USA (KRUS) Company Report

KRUS reported Q4 2025 total sales of $79.4 million and 0.2% comparable sales growth, resulting in net income of $2.3 million ($0.18 per share) and adjusted EBITDA of $7.4 million.
For fiscal year 2025, the company opened a record 15 new locations and achieved over 30% annual adjusted EBITDA growth. FY 2026 guidance projects total sales between $330 million and $334 million, 16 new unit openings, and full-year restaurant-level operating profit margins of approximately 18%.
Strategic initiatives include the rollout of robotic dishwashers to approximately 50 existing restaurants, expecting a 50 basis point labor improvement in those units. The company also implemented a 3.5% menu price increase on November 1st and anticipates negative mid-single digit comparable sales for Q1 2026, targeting flat to slightly positive comparable sales for the full fiscal year.

Nov 6, 2025, 10:00 PM

Transcript

Kura Sushi USA Announces Fiscal Fourth Quarter and Fiscal Year 2025 Financial Results

KRUS

Earnings

Guidance Update

Revenue Acceleration/Inflection

Kura Sushi USA reported a significant turnaround in Q4 2025, achieving net income of $2.3 million, or $0.18 per diluted share, compared to a net loss of $5.2 million, or $(0.46) per diluted share, in Q4 2024.
For the fourth quarter of 2025, total sales increased to $79.4 million from $66.0 million in the prior year, with comparable restaurant sales up 0.2%.
Fiscal year 2025 saw total sales of $282.8 million and Adjusted EBITDA of $19.1 million, representing over 30% growth year-over-year.
The company opened 15 new restaurants in fiscal year 2025 and projects total sales between $330 million and $334 million for fiscal year 2026, with plans for 16 new restaurant openings.

Nov 6, 2025, 9:27 PM

8-K

Kura Sushi USA Announces Fiscal Fourth Quarter and Fiscal Year 2025 Financial Results

KRUS

Earnings

Guidance Update

New Projects/Investments

Kura Sushi USA reported total sales of $79.4 million and net income of $2.3 million, or $0.18 per diluted share, for the fiscal fourth quarter ended August 31, 2025.
For the full fiscal year 2025, the company achieved total sales of $282.8 million and an adjusted net income of $0.4 million, or $0.03 per diluted share.
The company opened a record 15 new locations during fiscal year 2025.
For fiscal year 2026, Kura Sushi USA projects total sales between $330 million and $334 million and plans to open 16 new restaurants.

Nov 6, 2025, 9:05 PM

Press Release

Kura Sushi USA Discusses Fiscal 2026 Outlook, Operational Improvements, and Growth Strategy

KRUS

Guidance Update

New Projects/Investments

Revenue Acceleration/Inflection

Kura Sushi USA targets a 20% restaurant-level margin or better for fiscal 2026, anticipating low single-digit wage inflation.
Strategic initiatives include a new reservation system, which seats guests within two minutes of arrival , and a record seven to eight IP collaborations planned for fiscal 2026 to drive sales.
A new dishwashing robot is nearing certification, expected to provide a 50 basis point labor benefit and be retrofitted in 50 existing restaurants.
The company's development strategy for fiscal 2026 involves a 30% new market / 70% existing market split, with an expected 400 basis point comp headwind, but new market discoveries could shift this to a 50/50 split by fiscal 2027, potentially creating a 200 basis point tailwind.

Sep 11, 2025, 6:00 PM

Transcript

Kura Sushi USA Discusses Fiscal 2026 Outlook and Strategic Initiatives

KRUS

Guidance Update

New Projects/Investments

Revenue Acceleration/Inflection

Kura Sushi USA anticipates achieving 20% restaurant-level margin or better in fiscal 2026, supported by mitigated tariff impacts on overseas purchases (vendors expected to share 50-50 of the 25% Japan tariff) and available pricing power from November 1.
Operational efficiencies are being enhanced through a reservation system, which seats guests within two minutes of arrival , and a proprietary dishwashing robot expected to provide 50 basis points in labor savings and be retrofitted in 50 existing restaurants.
The company plans a record 7-8 IP collaborations in fiscal 2026 to drive revenue, alongside initiatives like "light rice" and frequency-based loyalty giveaways to improve average check.
Kura Sushi expects to be cash flow positive in the next four to five years and is expanding its total addressable market by successfully entering smaller DMAs, projecting a 50-50 split between new and existing market development by fiscal 2027.

Sep 11, 2025, 6:00 PM

Transcript

Kura Sushi USA Outlines Fiscal 2026 Growth Drivers and Operational Improvements

KRUS

Guidance Update

New Projects/Investments

Revenue Acceleration/Inflection

Kura Sushi USA anticipates achieving 20% restaurant-level margin or better in fiscal 2026, supported by easing wage inflation (low single-digits by Q4 2025) and mitigation strategies for 25% tariffs on Japanese imports.
The company plans a record seven to eight IP collaborations in fiscal 2026, utilizing shorter, asset-light campaigns and a dedicated IP focus to drive sales and reduce volatility.
Operational enhancements include a new reservation system to improve guest experience and loyalty program engagement, and the rollout of proprietary dishwashing robots to 50 existing restaurants, expected to yield a 50 basis point labor improvement per restaurant.
For fiscal 2026, unit growth will be 70% existing markets and 30% new, with an estimated 400 basis point comp headwind from cannibalization; however, new market discoveries are expected to shift this to a 50-50 split in fiscal 2027, resulting in a 200 basis point comp tailwind.

Sep 11, 2025, 6:00 PM

Transcript

KURA SUSHI USA Outlines Fiscal 2026 Growth and Efficiency Initiatives

KRUS

Guidance Update

New Projects/Investments

Revenue Acceleration/Inflection

Kura Sushi expects to achieve 20% restaurant-level margin or better in fiscal 2026, supported by mitigating 25% tariffs on Japanese imports through vendor negotiations and strategic pricing adjustments on November 1.
For fiscal 2026, the company plans a record seven to eight IP collaborations (up from a typical four to five) and will begin advertising its reservation system outside the rewards program, which has shown guests with reservations are seated within two minutes.
The proprietary dishwashing robot is "phenomenally close" to certification, with plans to retrofit 50 existing restaurants (up from five), expected to reduce labor costs by approximately 50 basis points per restaurant.
Wage inflation has normalized to low single-digits by Q4 fiscal 2025 and is expected to continue into fiscal 2026, contributing to a positive labor outlook.
The company holds a strong balance sheet with approximately $90 million in cash and investments and anticipates becoming cash flow positive within the next four to five years.