Kura Sushi USA reported fiscal third-quarter sales of $85.9 million for the period ended May 31, 2026, with adjusted EBITDA of $6.6 million and restaurant-level operating profit of $16.4 million (19.1% of sales). The company recorded net income of $0.4 million, or $0.03 per diluted share, versus $0.6 million, or $0.05 per diluted share, a year earlier. Kura Sushi USA opened seven restaurants during the quarter and reaffirmed full-year guidance for roughly 16 new units and total sales near $331 million.

Financial Highlights

  • Revenue: Total sales of $85.9 million for the three months ended May 31, 2026 (vs. $74.0 million in Q3 2025).
  • Operating income: Operating loss of $39 thousand for the quarter (improved from an operating loss of $162 thousand in Q3 2025).
  • Net income: Net income of $0.4 million, or $0.03 per diluted share (compared with $0.6 million, or $0.05 per diluted share, in Q3 2025).
  • Adjusted EBITDA: Adjusted EBITDA of $6.6 million and adjusted EBITDA margin of 7.7% for the quarter (vs. $5.4 million and 7.3% in Q3 2025).
  • Restaurant-level operating profit: $16.4 million, representing 19.1% of sales (up from $13.5 million, or 18.2% of sales, in Q3 2025).

Business Highlights

  • Comparable restaurant sales decreased 0.4% year-over-year in the quarter, driven by a 5.1% decline in traffic partially offset by a 4.7% price/mix increase.
  • Cost dynamics: Food and beverage costs rose to 30.2% of sales (from 28.3%) primarily due to tariffs on imported ingredients; labor and related costs improved to 30.6% of sales (from 33.1%) driven by operational efficiencies.
  • Expansion: Seven new restaurants opened during the fiscal third quarter (locations include Orange, Goodyear, Union City, Wellington, Temecula, Denton and San Diego); three additional restaurants opened subsequent to period end.
  • Operational focus: Management cited sustained margin improvement through operational discipline, offsetting tariff-driven cost pressures and targeting historical ~20% restaurant-level operating profit margins.
  • Full-year unit growth: Company reiterated guidance for approximately 16 new restaurants in fiscal 2026, maintaining an annual unit growth rate above 20% with average net capex per unit of about $2.5 million.

Original SEC Filing:

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