Sushi restaurant chain Kura Sushi (NASDAQ: KRUS) will be announcing earnings results tomorrow after the bell. Here’s what you need to know.
Kura Sushi beat analysts’ revenue expectations by 4.7% last quarter, reporting revenues of $64.46 million, up 25.2% year on year. It was an exceptional quarter for the company, with a solid beat of analysts’ EPS estimates and an impressive beat of analysts’ EBITDA estimates.
Is Kura Sushi a buy or sell going into earnings? Read our full analysis here, it’s free.
This quarter, analysts are expecting Kura Sushi’s revenue to grow 13.6% year on year to $65.07 million, slowing from the 30.4% increase it recorded in the same quarter last year. Adjusted loss is expected to come in at -$0.14 per share.
Analysts covering the company have generally reconfirmed their estimates over the last 30 days, suggesting they anticipate the business to stay the course heading into earnings. Kura Sushi has missed Wall Street’s revenue estimates four times over the last two years.
Looking at Kura Sushi’s peers in the restaurants segment, only Darden has reported results so far. It missed analysts’ revenue estimates by 1.7%, delivering year-on-year sales growth of 6.2%. The stock traded up 6.2% on the results.
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