Welcome to our dedicated page for Kura Sushi USA news (Ticker: KRUS), a resource for investors and traders seeking the latest updates and insights on Kura Sushi USA stock.
Kura Sushi USA, Inc. (symbol: KRUS) operates technology-enabled Japanese restaurants in the United States, offering a unique dining experience through a revolving sushi service model. Headquartered in Irvine, California, the company was founded in 2008 and became a subsidiary of Kura Sushi, Inc. It operates 28 restaurants across six states, providing a variety of Japanese dishes such as Dashi Olive Salmon, Tomago, Sweet Shrimp, Tuna, and Garlic Tuna Steak.
Incorporating innovative technology, Kura Sushi USA features revolving and express conveyor belts, on-demand ordering screens, plate slots, and the Bikkura-Pon rewards machine to enhance the dining experience. The company's core business revolves around delivering fresh and high-quality sushi, with revenue primarily derived from the United States.
Formerly known as Kula Sushi USA, Inc., the company rebranded to Kura Sushi USA, Inc. in October 2017. In its recent fiscal third-quarter financial results for 2023, Kura Sushi announced a remarkable year-over-year revenue growth of approximately 30%, attributed to aggressive unit growth and strong comparable sales trends. The company has also shown significant improvement in G&A leveraging, achieving an increase of 130 basis points over the previous year.
President and CEO Hajime Uba expressed pride in the company's progress, highlighting its expansion and strides toward greater profitability. Kura Sushi USA continues to mature as it broadens its footprint across the country.
For the latest updates and investor relations, please contact Jeff Priester or Steven Boediarto at investor@kurausa.com.
Latest News:
- IRVINE, Calif., July 06, 2023 - Kura Sushi USA, Inc. announced financial results for the fiscal third quarter ended May 31, 2023, showing a 30% year-over-year revenue growth.
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