Skip to main content

Darden Restaurants(DRI-N)
NYSE

Today's Change
Real-Time Last Update Last Sale Cboe BZX Real-Time

Kura Sushi Earnings: What To Look For From KRUS

StockStory - Wed Apr 3, 2:00AM CDT

KRUS Cover Image

Sushi restaurant chain Kura Sushi (NASDAQ:KRUS) will be reporting results tomorrow after the bell. Here's what to expect.

Last quarter Kura Sushi reported revenues of $51.48 million, up 30.9% year on year, in line with analyst expectations. It was a weak quarter for the company, with a miss of analysts' earnings estimates.

Is Kura Sushi buy or sell heading into the earnings? Read our full analysis here, it's free.

This quarter analysts are expecting Kura Sushi's revenue to grow 28.9% year on year to $56.64 million, slowing down from the 40.4% year-over-year increase in revenue the company had recorded in the same quarter last year. Adjusted loss is expected to come in at -$0.03 per share.

Kura Sushi Total Revenue

Majority of analysts covering the company have reconfirmed their estimates over the last thirty days, suggesting they are expecting the business to stay the course heading into the earnings. The company missed Wall St's revenue estimates three times over the last two years.

Looking at Kura Sushi's peers in the restaurants segment, only Darden has so far reported results, delivering top-line growth of 6.8% year on year, missing analyst estimates by 1.7%. The stock was down 4.9% on the results.

Read our full analysis of Darden's earnings results here.

Investors in the restaurants segment have had steady hands going into the earnings, with the stocks up on average 1.5% over the last month. Kura Sushi is up 16.9% during the same time, and is heading into the earnings with analyst price target of $99.3, compared to share price of $109.3.

Unless you’ve been living under a rock, it should be obvious by now that generative AI is going to have a huge impact on how large corporations do business. While Nvidia and AMD are trading close to all-time highs, we prefer a lesser-known (but still profitable) semiconductor stock benefitting from the rise of AI. Click here to access our free report on our favorite semiconductor growth story.

More from The Globe