Kura Sushi USA Q2 EPS $(0.09) Misses $(0.03) Estimate, Sales $57.29M Beat $56.64M Estimate
Portfolio Pulse from Benzinga Newsdesk
Kura Sushi USA (NASDAQ:KRUS) reported Q2 earnings with a loss of $(0.09) per share, missing the $(0.03) estimate by 200%, but saw a 10% improvement over last year's $(0.10) loss. Sales reached $57.29M, exceeding the $56.64M estimate by 1.15% and marking a 30.37% increase from last year's $43.94M.
April 04, 2024 | 8:06 pm
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NEUTRAL IMPACT
Kura Sushi USA reported a Q2 EPS loss of $(0.09), missing estimates, but sales of $57.29M exceeded expectations and grew 30.37% YOY.
The mixed results with a miss on EPS but a beat on sales and significant YOY growth suggest a neutral short-term impact. The sales growth indicates strong demand and operational success, potentially offsetting concerns about the EPS miss.
CONFIDENCE 90
IMPORTANCE 90
RELEVANCE 100