Kura Sushi USA Reports 14% Revenue Growth to $73.5 Million, Net Loss Increases

Kura Sushi USA, Inc. reported its financial results for the three months ending November 30, 2025, revealing a revenue increase of 14% to $73.5 million, up from $64.5 million in the same period last year. This growth was primarily attributed to the opening of 13 new restaurants since November 2024, although comparable restaurant sales experienced a decline of 2.5%. The company recorded a net loss of $3.1 million, compared to a loss of $961,000 in the prior year, reflecting a significant increase in operating expenses, which rose to $77.1 million from $65.9 million.

The increase in operating expenses was driven by higher restaurant operating costs, which totaled $67.5 million, up from $57.1 million. Notable contributors included food and beverage costs, which rose by 17.5% to $21.9 million, and labor costs, which increased by 12.5% to $23.9 million. Additionally, occupancy and related expenses surged by 22.8% to $5.8 million, largely due to the expansion of the restaurant base. General and administrative expenses also increased by 9.4% to $9.6 million, reflecting ongoing investments in corporate support functions.

Kura Sushi's operational metrics indicate a growing footprint, with the total number of restaurants increasing to 83 across 22 states and Washington, D.C. The company plans to open 16 new locations in fiscal year 2026, which is expected to further boost revenue and operational costs. However, the company is also facing challenges from macroeconomic factors, including tariffs that have impacted food and beverage costs. In response, Kura Sushi has implemented menu price increases to help mitigate these pressures.

As of November 30, 2025, Kura Sushi's total assets stood at $443.5 million, with current assets decreasing to $64.8 million from $75.4 million at the end of August 2025. The company reported a total stockholders' equity of $229.2 million, down from $231.1 million. The company maintains a revolving credit agreement with Kura Japan, with $45 million available for future use, which it has not drawn upon in the current quarter.

Looking ahead, Kura Sushi anticipates continued revenue growth driven by its expansion strategy, although it acknowledges the potential impact of economic conditions on consumer spending. The company remains focused on enhancing its operational efficiency and managing costs effectively to improve profitability in the coming quarters.