Kura Sushi USA Inc. (Nasdaq: KRUS) thinks its conveyor belt-style sushi concept has a large runway for growth.
The company’s CEO and President Hajime “Jimmy” Uba took the concept, which opened its very first location in 2009 at Diamond Jamboree in Irvine, public in August. Kura Sushi’s stock is currently up 4.1% so far this year with a recent market value of $211 million.
Uba has lofty plans for the business, with management estimating the concept could support nearly 300 locations in the longer term. Next year will be the time to see what steps the company takes in meeting that larger goal.
