Kura Sushi USA Announces Fiscal Fourth Quarter and Fiscal Year 2020 Financial Results
Retrieved on:
Monday, November 16, 2020
IRVINE, Calif., Nov. 16, 2020 (GLOBE NEWSWIRE) -- Kura Sushi USA, Inc. (Kura Sushi or the Company) (NASDAQ: KRUS), a technology-enabled Japanese restaurant concept, today provided a COVID-19 business update and reported fiscal fourth quarter and fiscal year 2020 financial results for the period ended August 31, 2020.
Key Points:
- IRVINE, Calif., Nov. 16, 2020 (GLOBE NEWSWIRE) -- Kura Sushi USA, Inc. (Kura Sushi or the Company) (NASDAQ: KRUS), a technology-enabled Japanese restaurant concept, today provided a COVID-19 business update and reported fiscal fourth quarter and fiscal year 2020 financial results for the period ended August 31, 2020.
- The Company had not drawn down on the revolver with Kura Sushi Japan as of the end of the fiscal fourth quarter.
- Occupancy and related expenses were $1.7 million, representing an increase of $0.4 million compared to the fourth quarter of 2019.
- Kura Sushi USA, Inc. was established in 2008 as a subsidiary of Kura Sushi, Inc., a Japan-based revolving sushi chain with over 450 restaurants and 35 years of brand history.