KURA SUSHI USA INC
For the period ended May 31, 2024. Filed Jul 9, 2024.
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A company's report for each of its first three quarters. The financial statements are not audited. It shows how the business has moved since the last annual report, and what management says changed.
May 31, 2024 · Filed Jul 9, 2024
KRUS$27.96-8.4%Stored close · as of Nov 10, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
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Condensed Statements of Operations and Comprehensive (Loss) Income
(amounts in thousands, except per share data)
| Three Months Ended May 31, | Nine Months Ended May 31, | |||
|---|---|---|---|---|
| 2024 | 2023 | 2024 | 2023 | |
| Sales | $63,082 | $49,238 | $171,848 | $132,500 |
| Restaurant operating costs: | ||||
| Food and beverage costs | 18,391 | 14,770 | 50,691 | 40,440 |
| Labor and related costs | 20,378 | 14,362 | 55,409 | 40,751 |
| Occupancy and related expenses | 4,318 | 3,554 | 12,179 | 9,504 |
| Depreciation and amortization expenses | 3,124 | 1,975 | 8,294 | 5,309 |
| Other costs | 9,076 | 6,165 | 25,023 | 17,352 |
| Total restaurant operating costs | 55,287 | 40,826 | 151,596 | 113,356 |
| General and administrative expenses | 8,857 | 7,012 | 25,634 | 20,776 |
| Depreciation and amortization expenses | 107 | 92 | 318 | 265 |
| Total operating expenses | 64,251 | 47,930 | 177,548 | 134,397 |
| Operating (loss) income | (1,169) | 1,308 | (5,700) | (1,897) |
| Other expense (income): | ||||
| Interest expense | 15 | 23 | 35 | 53 |
| Interest income | (686) | (436) | (2,280) | (593) |
| (Loss) income before income taxes | (498) | 1,721 | (3,455) | (1,357) |
| Income tax expense | 60 | 41 | 148 | 66 |
| Net (loss) income | $(558) | $1,680 | $(3,603) | $(1,423) |
| Net (loss) income per Class A and Class B shares | ||||
| Basic | $(0.05) | $0.16 | $(0.32) | $(0.14) |
| Diluted | $(0.05) | $0.16 | $(0.32) | $(0.14) |
| Weighted average Class A and Class B shares outstanding | ||||
| Basic | 11,188 | 10,485 | 11,167 | 10,028 |
| Diluted | 11,188 | 10,807 | 11,167 | 10,028 |
| Other comprehensive income (loss): | ||||
| Unrealized loss on short-term investments | $(76) | $(7) | $(43) | $(7) |
| Comprehensive (loss) income | $(634) | $1,673 | $(3,646) | $(1,430) |
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