Chain expansion fuels Kura Sushi USA’s sales increase

(Source: Kura Sushi/Facebook)

Kura Sushi USA’s sales increased 30.4 per cent to $57.3 million in the fiscal second quarter aided by the opening of five new restaurants.

The tech-driven Japanese restaurant chain’s same-store sales rose 3 per cent however it posted a net loss of $1 million – the same as for the comparable quarter a year earlier.

“We’ve opened 10 restaurants to date, putting us well on track for our new unit guidance and giving us the confidence to upgrade our revenue guidance,” Kura Sushi CEO Hajime Uba said.

“We’ve introduced new projects such as DoorDash, and our operations teams have more than risen to the challenge of implementing them.”

The five new restaurants opened during the quarter are based in Kansas City, Missouri; Skokie, Illinois; Columbus, Ohio; Euless, Texas; and Webster, Texas.

After February 29, Kura Sushi opened a new restaurant in Orlando, Florida.

For the full fiscal year, the company forecasts sales of $243 million to $246 million and between 13 and 14 new restaurants.

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