Kura Sushi Posts Higher Sales and Continued Expansion in Second Quarter
Kura Sushi reported strong second-quarter sales growth and narrower year-over-year (YOY) losses as the revolving sushi chain continued expanding across the US
For the quarter ended Feb. 28, total sales increased 23% to $80 million, while comparable restaurant sales rose 8.6% YOY. The company posted an operating loss of $2.2 million and a net loss of $1.7 million, or $0.14 per diluted share, compared with a net loss of $3.8 million, or $0.31 per diluted share...
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