Kura Sushi (KRUS) Q4 2025 Earnings Call Transcript

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Thursday, November 6, 2025 astatine 5 p.m. ET

• Chief Executive Officer — Hajime "Jimmy" Uba

• Chief Financial Officer — Jeff Uttz

• Investor Relations and Corporate Communications — Benjamin Porten

Benjamin Porten: Thank you, operator. Good afternoon, everyone, and convey you each for joining. By now, everyone should person entree to our fiscal 4th fourth 2025 net release. It tin beryllium recovered astatine www.kurasushi.com successful the Investor Relations section. A transcript of the net merchandise has besides been included successful the 8-K we submitted to the SEC. Before we statesman our ceremonial remarks, I request to punctual everyone that portion of our treatment contiguous volition see forward-looking statements arsenic defined nether the Private Securities Litigation Reform Act of 1995. These forward-looking statements are not guarantees of aboriginal performance, and therefore, you should not enactment undue reliance connected them.

These statements are besides taxable to galore risks and uncertainties that could origin existent results to disagree materially from what we expect. We notation each of you to our SEC filings for a much elaborate treatment of the risks that could interaction our aboriginal operating results and fiscal condition. Also during today's call, we volition sermon definite non-GAAP fiscal measures, which we judge tin beryllium utile successful evaluating our performance. The presumption of this further accusation should not beryllium considered successful isolation oregon arsenic a substitute for results prepared successful accordance with GAAP, and the reconciliations to comparable GAAP measures are disposable successful our net release.

With that retired of the way, I would similar to crook the telephone implicit to Jimmy.

Hajime Uba: Thank you, Ben, and convey you to everyone for joining america today. I'm incredibly arrogant of what our squad achieved during fiscal 2025 arsenic we delivered our strongest people of edifice openings successful caller memory, adding a grounds of 15 caller locations. We besides successfully managed our firm G&A expenses, resulting successful an yearly adjusted EBITDA maturation of implicit 30%. These accomplishments are peculiarly important fixed the volatile user situation and the tariff pressures we navigated passim the year, which person negatively impacted our apical enactment results and restaurant-level margins. Nevertheless, our squad remains resilient, and we proceed to judge that our absorption connected execution has positioned america good for continued maturation successful fiscal 2026.

Total income for the fiscal 4th fourth was $79.4 million, representing comparable income maturation of 0.2%, led by postulation maturation of 0.5% and partially offset by terms and premix of antagonistic 0.3%. Cost of goods sold arsenic a percent of income was 28.4% arsenic compared to the anterior twelvemonth 4th astatine 28.5%. I americium exceptionally arrogant of our purchasing squad who negociate tirelessly to mitigate higher constituent outgo truthful we tin proceed to supply the champion worth imaginable for our guests.