Q3 2026 Kura Sushi USA Inc Earnings Call Transcript
Key Points
- Kura Sushi USA Inc (KRUS) improved its restaurant-level operating profit margin by 90 basis points over the prior year to 19.1%, despite higher costs due to tariffs.
- Adjusted EBITDA margins improved by 40 basis points to 7.7%, with adjusted EBITDA dollars growing by more than 20% over the prior year.
- Labor costs as a percentage of sales improved by 250 basis points to 30.6% due to operational initiatives.
- The company opened seven new restaurants in the third quarter and remains on track to open 16 new units for the fiscal year.
- Kura Sushi USA Inc (KRUS) has a strong IP pipeline for fiscal '27, including collaborations with popular brands like Nintendo, which are expected to drive customer engagement.
- Comparable sales for the fiscal third quarter were negative 0.4%, with a 5.1% decline in traffic.
- The company faced significant unexpected delays in restaurant openings, impacting revenue expectations for the year.
- Cost of goods sold as a percentage of sales increased to 30.2% from 28.3% in the prior year quarter due to tariffs.
- Occupancy and related expenses as a percentage of sales increased to 7.8% compared to 7.5% in the prior year quarter.
- Net income decreased to $423,000, or $0.03 per share, compared to $565,000, or $0.05 per share, in the prior year quarter.
Good afternoon, ladies and gentlemen.
Thank you for standing by. Welcome to the Kura Sushi USA Incorporated Fiscal Third Quarter 2026 Earnings Conference Call.
At this time, participants have been placed in a listen-only mode, and the lines will be open for your questions following the presentation. Please note that this call is being recorded.
On the line today, we have Hajime Jimmy Uba, President and Chief Executive Officer, and Benjamin Porten. SVP, Investor Relations and System Development.
And now, I would like to turn the call over to Mr. Porten.
Thank you, operator. Good afternoon, everyone, and thank you all for joining. By now, everyone should have access to our fiscal third quarter 2026 earnings release. It can be found at www.kurasushi.com in the Investor Relations section.
A copy of the earnings release is also being included in the
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