Why Is Everyone Talking About Kura Sushi USA Stock?
Kura Sushi USA's (NASDAQ: KRUS) stock soared 34% to a seven-month high on July 8 following its third-quarter earnings report. The conveyor-belt sushi chain's revenue surged 105% year over year to $38 million, which beat analysts' estimates by $2.5 million. Its comparable restaurant sales, which exclude its newly opened restaurants, increased 65%.
On the bottom line, Kura Sushi generated $0.5 million in net income, or $0.05 per share, compared to its adjusted net loss of $4.5 million a year earlier. Analysts had expected an adjusted net loss of $0.10 per share. It also posted a positive adjusted earnings before interest, taxes, depreciation, and amortization (EBITDA) of $3.2 million, compared to an adjusted EBITDA loss of $2.6 million a year ago. Those impressive growth rates have generated a lot of buzz among investors, but does Kura Sushi's stock still have room to run?
Image source: Kura Sushi.
Source Fool.com
