Kura Sushi USA, Inc. - KRUS STOCK NEWS

Kura Sushi USA, Inc. (NASDAQ: KRUS) closed its public offering, selling 1,265,000 shares of Class A common stock at $45.00 each, raising approximately $54.1 million after discounts. The offering included an additional 165,000 shares purchased by underwriters. Proceeds will be used for general corporate purposes, including capital expenditures, debt repayment under its revolving credit agreement, and working capital. The offering was managed by William Blair & Company, L.L.C. and Stephens Inc., with additional co-managers involved.

Kura Sushi USA, Inc. (NASDAQ: KRUS) has priced its public offering of 1,100,000 shares of Class A common stock at $45.00 per share, aiming for net proceeds of approximately $47.1 million. An additional 165,000 shares may be purchased by underwriters. The funds will be used for general corporate purposes, including capital expenditures and debt repayment. The offering is expected to close on July 23, 2021. William Blair & Company is the lead manager of the offering. This follows the company’s strategic growth plan in the competitive Japanese dining sector.

Kura Sushi USA, Inc. (NASDAQ: KRUS) announced an underwritten public offering of shares of its Class A common stock, all offered by the Company. The offering's terms are subject to market conditions, with a 30-day option for underwriters to purchase additional shares. Proceeds will go towards general corporate purposes, including capital expenditures and debt repayment. William Blair & Company, L.L.C. and Stephens Inc. are managing the offering. This release does not constitute an offer to sell or a solicitation to buy securities.

Kura Sushi USA, Inc. (NASDAQ: KRUS) announced the appointment of Sean Allameh as Chief Operating Officer, effective July 26, 2021. Allameh brings over 25 years of experience in operations and brand growth, having previously served as COO of Luna Grill, where he expanded the brand from 16 to 49 locations. The company's president expressed confidence in Allameh's ability to enhance Kura Sushi's growth following the pandemic.

Kura Sushi operates 32 locations across nine states and Washington D.C., focusing on authentic Japanese cuisine and a unique revolving sushi dining experience.

Kura Sushi USA (NASDAQ: KRUS) reported a significant recovery in its fiscal third quarter 2021, with total sales reaching $18.5 million, a 456% increase year-over-year. The company achieved an operating income of $0.9 million, bouncing back from an operating loss of $8.0 million in Q3 2020. Net income was $0.8 million or $0.09 per diluted share, compared to a net loss of $9.2 million or ($1.10) per share last year. All 32 restaurants are operating at full capacity, following the easing of COVID-19 restrictions.

Kura Sushi USA, Inc. (NASDAQ: KRUS) announced a conference call to discuss its fiscal third quarter 2021 financial results on July 13, 2021, at 5:00 p.m. ET. A press release detailing the financial results will be released the same day after market close. The call will be led by President and CEO Hajime “Jimmy” Uba and CFO Steven Benrubi. Interested listeners can join via telephone or through a webcast available on the company’s website. Kura Sushi operates 32 locations across nine states and Washington DC, offering a unique revolving sushi dining experience.

Kura Sushi USA (NASDAQ: KRUS), a leading Japanese restaurant chain, will participate in the BMO Capital Markets 16th Annual Farm to Market Conference on May 20, 2021. The virtual fireside chat is set to begin at 2:40 pm ET. Interested investors can access the event via the company's corporate website in the investor relations section.

Established in 2008, Kura Sushi operates 31 locations across eight states and Washington DC, offering an engaging revolving sushi service model.

Kura Sushi USA reported fiscal Q2 2021 results, revealing total sales of $9.1 million, a significant drop from $19.4 million in Q2 2020. The company faced an operating loss of $3.8 million, compared to a loss of $0.2 million a year prior. Net loss reached $3.9 million or ($0.46) per diluted share. Despite challenges from COVID-19, there was a sales rebound noted in March, with revenue hitting $5.2 million. The company opened two new restaurants during the quarter and plans for recovery as restrictions ease.

Kura Sushi USA, Inc. (NASDAQ: KRUS), a technology-enabled Japanese restaurant chain, will hold a conference call on April 13, 2021, at 5:00 p.m. ET to discuss its fiscal second quarter 2021 financial results. A press release with these results will be issued the same day after market close. The call will be hosted by CEO Hajime Uba and CFO Steven Benrubi. Interested listeners can access the call by dialing 201-689-8471, with a replay available afterward. For more information, visit the Kura Sushi website.