Kura Sushi USANASDAQ: KRUS

Kura Sushi USA, Inc. (NASDAQ:KRUS ) Q4 2024 Earnings Conference Call November 6, 2024 5:00 PM ET Company Participants Benjamin Porten - SVP, IR and System Development Hajime Jimmy Uba - President and CEO Jeff Uttz - CFO Conference Call Participants Jon Tower - Citi Jeffrey Bernstein - Barclays Allison Arfstrom - Piper Sandler Jeremy Hamblin - Craig-Hallum Capital Group Sharon Zackfia - William Blair Todd Brooks - Benchmark Company Jim Sanderson - Northcoast Research Operator Good afternoon, ladies and gentlemen, and thank you for standing-by. Welcome to the Kura Sushi USA, Inc. Fourth Quarter 2024 Earnings Call.

Kura Sushi (KRUS) came out with quarterly earnings of $0.09 per share, beating the Zacks Consensus Estimate of $0.02 per share. This compares to earnings of $0.25 per share a year ago.

Kura Sushi (KRUS) saw its shares surge in the last session with trading volume being higher than average. The latest trend in earnings estimate revisions could translate into further price increase in the near term.

Does Kura Sushi (KRUS) have what it takes to be a top stock pick for momentum investors? Let's find out.

Kura Sushi (KRUS) might move higher on growing optimism about its earnings prospects, which is reflected by its upgrade to a Zacks Rank #2 (Buy).

IRVINE, Calif., Oct. 21, 2024 (GLOBE NEWSWIRE) -- Kura Sushi USA, Inc. (“Kura Sushi” or the “Company”), (NASDAQ: KRUS), a technology-enabled Japanese restaurant concept, today announced that it will host a conference call to discuss fiscal fourth quarter and fiscal year 2024 financial results on Wednesday, November 6, 2024 at 5:00 p.m. ET. A press release with fiscal fourth quarter and fiscal year 2024 financial results will be issued that same day after the market closes. Hosting the conference call and webcast will be Hajime “Jimmy” Uba, President and Chief Executive Officer, Jeff Uttz, Chief Financial Officer, and Benjamin Porten, SVP Investor Relations & System Development.

Kura Sushi's technological innovations and strategic expansion position it well for future growth. However, elevated costs are a concern.

Its parent provided a bowl full of free publicity that benefited the American operation's shares. It's surprising how much attention the world's largest conveyor belt can garner.

Kura Sushi reported fiscal Q3 results after the market closed on Tuesday. Kura's sales matched Wall Street's target, but earnings triggered concerns among investors.