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Kura Sushi USA (KRUS) investor relations material
Kura Sushi USA Q4 2025 earnings summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.Executive summary
Achieved record 15 new restaurant openings in fiscal 2025, reaching 82 locations at year-end, with strong performance in new markets and robust operational execution.
Fiscal Q4 2025 sales reached $79.4M, up from $66.0M in Q4 2024; full-year sales were $282.8M, up from $237.9M year-over-year.
Q4 net income was $2.3M ($0.18/share) versus a $5.2M loss last year; full-year net loss narrowed to $1.9M from $8.8M.
Navigated a volatile consumer environment and tariff pressures, maintaining resilience and focus on growth for fiscal 2026.
Introduced major updates to the rewards program and completed reservation system revisions, with plans to expand marketing to non-rewards members.
Financial highlights
Q4 total sales reached $79.4M, up from $66M year-over-year; comparable sales grew 0.2% with 0.5% traffic growth and -0.3% price/mix.
Net income for Q4 was $2.3M (18 cents/share) versus a net loss of $5.2M (-46 cents/share) last year; full-year net loss narrowed to $1.9M.
Adjusted EBITDA for Q4 was $7.4M, up from $5.5M year-over-year; full-year adjusted EBITDA was $19.1M, up from $14.6M.
Restaurant-level operating profit margin was 19.8% in Q4, down from 20.9% last year; full-year margin was 18.4%.
Ended Q4 with $92M in cash, cash equivalents, and investments, and no debt; year-end cash and equivalents were $47.5M.
Outlook and guidance
Fiscal 2026 sales expected between $330M–$334M, with 16 new units planned and annual unit growth above 20%.
General and administrative expenses projected at 12–12.5% of sales; restaurant-level operating profit margin guidance at approximately 18%.
Q1 2026 comparable sales expected to be negative mid-single digits due to tougher year-over-year comparisons, but full-year comps targeted to be flat to slightly positive.
Guidance does not rely on upside from new rewards or reservation system initiatives; these are considered potential upside.
Average net capital expenditures per new unit expected to remain at $2.5M in fiscal 2026.
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