Sushi restaurant chain Kura Sushi (NASDAQ:KRUS) will be reporting earnings tomorrow afternoon. Here's what to expect.
Last quarter Kura Sushi reported revenues of $54.93 million, up 30.8% year on year, missing analyst expectations by 1.2%. It was a weak quarter for the company, with a miss of analysts' revenue estimates. Furthermore, its FY 2024 revenue guidance missed Wall Street's estimates.
Is Kura Sushi buy or sell heading into the earnings? Find out by reading the original article on StockStory.
This quarter analysts are expecting Kura Sushi's revenue to grow 30.8% year on year to $51.44 million, in line with the 31.8% year-over-year increase in revenue the company had recorded in the same quarter last year. Adjusted loss is expected to come in at -$0.10 per share.
Majority of analysts covering the company have reconfirmed their estimates over the last thirty days, suggesting they are expecting the business to stay the course heading into the earnings. The company missed Wall St's revenue estimates four times over the last two years.
Looking at Kura Sushi's peers in the restaurants segment, only Darden (NYSE:DRI) has so far reported results, delivering top-line growth of 9.7% year on year, missing analyst estimates by 0.5%. The stock traded flat on the results.
Read the full analysis of Darden's results on StockStory.
The author has no position in any of the stocks mentioned.