Kura Sushi Reports 23% Increase in Fiscal Q2 Sales; CFO Departs

Kura Sushi USA Inc. reported fiscal second quarter sales jumped 23% to $80 million with same-store sales increasing 8.6% for the period ended Feb. 28.  

The sushi restaurant chain, based in Irvine, beat analysts’ expectations of $77.6 million for Q2 revenue (Nasdaq: KRUS). 

“Entering this fiscal year, we knew that the second fiscal quarter would be critical regarding our ability to accomplish our stated goals, expectations and full-year guidance,” Chief Executive Hajime Uba said in a April 7 statement. “Our fiscal second quarter was quite strong, with better-than-expected comparable sales performance and record-breaking labor leverage.”  

Kura Sushi also updated its fiscal 2026 outlook to sales between $333 million and $335 million, up from the previous range of $330 million and $334 million.  

On the same day, Kura Sushi announced that its Chief Financial Officer Jeff Uttz has resigned and will step down on April 28 to take another position in the restaurant industry. CEO Uba will serve as interim CFO and principal financial officer until a replacement is found.  

“Jeff has been an invaluable partner to me and to Kura Sushi over the past four years with his strategic insight and financial leadership instrumental to our growth journey as a public company,” Uba said.  

Shares were down 4.1% to $72.99 in after-hours trading.