KRUS

EX-99.1

2 krus-ex99_1.htm

EX-99.1

EX-99.1

Exhibit 99.1

For Immediate Release

Kura Sushi USA Announces Fiscal Third Quarter 2026 Financial Results

Irvine, CA. July 7, 2026 – Kura Sushi USA, Inc. (“Kura Sushi” or the “Company”) (NASDAQ: KRUS), a technology-enabled Japanese restaurant concept, today announced financial results for the fiscal third quarter ended May 31, 2026.

Fiscal Third Quarter 2026 Highlights

➢ Total sales were $85.9 million, compared to $74.0 million in the third quarter of 2025;

➢ Comparable restaurant sales decreased 0.4% for the third quarter of 2026 as compared to the third quarter of 2025;

➢ Operating loss was $39 thousand, compared to an operating loss of $162 thousand in the third quarter of 2025;

➢ Net income was $0.4 million, or $0.03 per diluted share, compared to net income of $0.6 million, or $0.05 per diluted share, in the third quarter of 2025;

➢ Restaurant-level operating profit* was $16.4 million, or 19.1% of sales;

➢ Adjusted EBITDA* was $6.6 million; and

➢ Seven new restaurants opened during the fiscal third quarter of 2026.

* Restaurant-level operating profit and Adjusted EBITDA are non-GAAP measures and are defined below under “Key Financial Definitions.” Please see the reconciliation of non-GAAP measures accompanying this release. See also “Non-GAAP Financial Measures” below.

Hajime Uba, President and Chief Executive Officer of Kura Sushi, stated, “During the fiscal third quarter, we were able to make significant progress towards our goals of sustainable margin improvement and returning to our historical 20% restaurant-level operating profit margins regardless of tariff relief. Despite our costs of goods sold as a percentage of sales being 200 basis points higher than last year due to tariffs, our operational discipline allowed us to more than offset this impact and improve our restaurant-level operating profit margin by 90 basis points over the prior year to 19.1%. We were also able to improve Adjusted EBITDA margins by 40 basis points, to 7.7%, and grew our Adjusted EBITDA by more than 20% over the prior year. Our ability to improve profitability in a challenging environment speaks to what we do best: responding rapidly to control what we can control.”

Review of Fiscal Third Quarter 2026 Financial Results

Total sales were $85.9 million compared to $74.0 million in the third quarter of 2025. Comparable restaurant sales decreased 0.4%, consisting of negative traffic of 5.1% and a price/mix of 4.7%, for the third quarter of 2026 as compared to the third quarter of 2025.

Food and beverage costs as a percentage of sales were 30.2% compared to 28.3% in the third quarter of 2025. The increase is primarily due to tariffs on imported ingredients, partially offset by increases in menu prices.

Labor and related costs as a percentage of sales were 30.6% compared to 33.1% in the third quarter of 2025. The decrease is primarily due to operational efficiencies and pricing, partially offset by low-single digit wage inflation.

Occupancy and related expenses were $6.7 million compared to $5.5 million in the third quarter of 2025. The increase is primarily due to fifteen new restaurants opening since the third quarter of 2025.

Other costs as a percentage of sales remained relatively consistent at 14.6% compared to 14.7% in the third quarter of 2025.

General and administrative expenses were $10.2 million compared to $8.7 million in the third quarter of 2025, representing an increase of $1.5 million. The increase was primarily due to compensation-related costs of $1.1 million, $0.2 million of travel expenses and $0.2 million of other net expenses. As a percentage of sales, general and administrative expenses remained relatively consistent at 11.9% as compared to 11.8% in the third quarter of 2025.

Operating loss was $39 thousand compared to an operating loss of $162 thousand in the third quarter of 2025.

Income tax expense was $49 thousand compared to income tax expense of $55 thousand in the third quarter of 2025.

Net income was $0.4 million, or $0.03 per diluted share, compared to net income of $0.6 million, or $0.05 per diluted share, in the third quarter of 2025.

Restaurant-level operating profit* was $16.4 million, or 19.1% of sales, compared to $13.5 million, or 18.2% of sales, in the third quarter of 2025.

Adjusted EBITDA* was $6.6 million compared to $5.4 million in the third quarter of 2025.

Restaurant Development

During the fiscal third quarter of 2026, the Company opened seven new restaurants in Orange, California; Goodyear, Arizona; Union City, California; Wellington, Florida; Temecula, California; Denton, Texas; and San Diego, California. Subsequent to May 31, 2026, the Company opened three new restaurants in Tulsa, Oklahoma; Sunset Valley, Texas; and Charlotte, North Carolina.

Fiscal Year 2026 Outlook

For the full fiscal year of 2026, the Company updates and reiterates the following annual guidance:

➢ Total sales between $330.5 million and $3

EX-99.1

2 krus-ex99_1.htm

EX-99.1

EX-99.1

Exhibit 99.1

For Immediate Release

Kura Sushi USA Announces Fiscal Second Quarter 2026 Financial Results

Irvine, CA. April 7, 2026 – Kura Sushi USA, Inc. (“Kura Sushi” or the “Company”) (NASDAQ: KRUS), a technology-enabled Japanese restaurant concept, today announced financial results for the fiscal second quarter ended February 28, 2026.

Fiscal Second Quarter 2026 Highlights

➢ Total sales were $80.0 million, compared to $64.9 million in the second quarter of 2025;

➢ Comparable restaurant sales increased 8.6% for the second quarter of 2026 as compared to the second quarter of 2025;

➢ Operating loss was $2.2 million, compared to an operating loss of $4.6 million in the second quarter of 2025;

➢ Net loss was $1.7 million, or $(0.14) per diluted share, compared to net loss of $3.8 million, or $(0.31) per diluted share, in the second quarter of 2025;

➢ Adjusted net loss* was $0.5 million, or $(0.04) per diluted share, compared to an adjusted net loss* of $1.7 million or $(0.14) per diluted share, in the second quarter of 2025;

➢ Restaurant-level operating profit* was $14.6 million, or 18.2% of sales;

➢ Adjusted EBITDA* was $5.5 million; and

➢ One new restaurant opened during the fiscal second quarter of 2026.

*Adjusted net loss, Restaurant-level operating profit and Adjusted EBITDA are non-GAAP measures and are defined below under “Key Financial Definitions.” Please see the reconciliation of non-GAAP measures accompanying this release. See also “Non-GAAP Financial Measures” below.

Hajime Uba, President and Chief Executive Officer of Kura Sushi, stated, “Entering this fiscal year, we knew that the second fiscal quarter would be critical regarding our ability to accomplish our stated goals, expectations and full-year guidance. Our fiscal second quarter was quite strong, with better-than-expected comparable sales performance and record-breaking labor leverage. This quarter is a great demonstration of the advantages that are unique to Kura, whether it’s our unmatched scale in the sushi space, our unique approach to technology, or the agility of our team members in building and implementing new initiatives.”

Review of Fiscal Second Quarter 2026 Financial Results

Total sales were $80.0 million compared to $64.9 million in the second quarter of 2025. Comparable restaurant sales increased 8.6%, consisting of traffic of 4.3% and a price/mix of 4.3% for the second quarter of 2026 as compared to the second quarter of 2025.

Food and beverage costs as a percentage of sales were 30.4% compared to 28.7% in the second quarter of 2025. The increase is primarily due to tariffs on imported ingredients, partially offset by increases in menu prices.

Labor and related costs as a percentage of sales were 30.7% compared to 34.8% in the second quarter of 2025. The decrease is primarily due to operational efficiencies, pricing and better sales leverage, partially offset by low-single digit wage inflation.

Occupancy and related expenses were $6.5 million compared to $5.1 million in the second quarter of 2025. The increase is primarily due to eleven new restaurants opening since the second quarter of 2025.

Other costs as a percentage of sales were 14.5% compared to 13.5% in the second quarter of 2025. The increase is primarily driven by higher marketing expenses and utilities.

General and administrative expenses were both $11.0 million in the second quarter of 2026 and 2025. An increase in compensation-related costs of $0.7 million and $0.2 million of other net expenses were offset by a decrease in litigation costs of $0.9 million. As a percentage of sales, general and administrative expenses decreased to 13.7%, as compared to 16.9% in the second quarter of 2025, primarily due to sales leverage.

Operating loss was $2.2 million compared to an operating loss of $4.6 million in the second quarter of 2025.

Income tax expense was $51 thousand compared to income tax expense of $38 thousand in the second quarter of 2025.

Net loss was $1.7 million, or $(0.14) per diluted share, compared to net loss of $3.8 million, or $(0.31) per diluted share, in the second quarter of 2025.

Adjusted net loss* was $0.5 million, or $(0.04) per diluted share, compared to an adjusted net loss* of $1.7 million or $(0.14) per diluted share, in the second quarter of 2025.

Restaurant-level operating profit* was $14.6 million, or 18.2% of sales, compared to $11.2 million, or 17.3% of sales, in the second quarter of 2025.

Adjusted EBITDA* was $5.5 million compared to $2.7 million in the second quarter of 2025.

Restaurant Development

During the fiscal second quarter of 2026, the Company opened one new restaurant in Pflugerville, Texas. Subsequent to February 28, 2026, the Company opened four new restaurants in Orange, California; Goodyear, Arizona; Union City, California and Wellington, Florida.

Fiscal Year 2026 Outlook

For the full fiscal year of 2026, the Company updates and reiterates the followi

8-K

0001772177false00017721772026-01-072026-01-07

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

WASHINGTON, D.C. 20549

FORM 8-K

CURRENT REPORT

Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934

Date of Report (Date of earliest event reported): January 07, 2026

KURA SUSHI USA, INC.

(Exact name of Registrant as Specified in Its Charter)

Delaware

001-39012

26-3808434

(State or Other Jurisdiction of Incorporation)

(Commission File Number)

(IRS Employer Identification No.)

17461 Derian Avenue, Suite 200

Irvine, California

92614

(Address of Principal Executive Offices)

(Zip Code)

Registrant’s Telephone Number, Including Area Code: (657) 333-4100

(Former Name or Former Address, if Changed Since Last Report)

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions: ☐Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425) ☐Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12) ☐Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b)) ☐Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c)) Securities registered pursuant to Section 12(b) of the Act:

Title of each class

Trading Symbol(s)

Name of each exchange on which registered

Class A Common Stock, par value $0.001 per share

KRUS

The Nasdaq Stock Market LLC

Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§ 230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§ 240.12b-2 of this chapter). Emerging growth company ☐ If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐

Item 2.02 Results of Operations and Financial Condition. On January 7, 2026, Kura Sushi USA, Inc. (the “Company”) issued a press release disclosing earnings and other financial results for its fiscal first quarter ended November 30, 2025, and announcing that its management would review these results in a conference call at 5:00 p.m. (EDT) on January 7, 2026. A copy of the Company’s press release is furnished as Exhibit 99.1. The information furnished with Item 2.02 of this Current Report on Form 8-K, including Exhibit 99.1, shall not be deemed “filed” for purposes of Section 18 of the Securities Exchange Act of 1934, as amended (the “Exchange Act”), or otherwise subject to the liabilities of that section, nor shall it be deemed incorporated by reference into any other filing under the Securities Act of 1933, as amended, or the Exchange Act, except as shall be expressly set forth by specific reference in such filing. Item 9.01 Financial Statements and Exhibits. (d) Exhibits

Exhibit No.

Description

99.1

Earnings Press Release dated January 7, 2026

104

Cover Page Interactive Data File (embedded within the Inline XBRL document)

SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned thereunto duly authorized.

KURA SUSHI USA, INC.

Date:

January 7, 2026

By:

/s/ Jeffrey Uttz

Name:

Jeffrey Uttz

Title:

Chief Financial Officer