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Kura Sushi USA Announces Fiscal Second Quarter 2024 Financial Results

Retrieved on:

Thursday, April 4, 2024

Comparable, Interest, Telephone, Webcast, SVP, Travel, Operating cost, Public expenditure, Kura Sushi, Adjustment, Advertising, Restaurant, DoorDash, Total, Food, Video game

IRVINE, Calif., April 04, 2024 (GLOBE NEWSWIRE) -- Kura Sushi USA, Inc. (“Kura Sushi” or the “Company”) (NASDAQ: KRUS), a technology-enabled Japanese restaurant concept, today announced financial results for the fiscal second quarter ended February 29, 2024.

Key Points:

IRVINE, Calif., April 04, 2024 (GLOBE NEWSWIRE) -- Kura Sushi USA, Inc. (“Kura Sushi” or the “Company”) (NASDAQ: KRUS), a technology-enabled Japanese restaurant concept, today announced financial results for the fiscal second quarter ended February 29, 2024.
Total sales were $57.3 million, compared to $43.9 million in the second quarter of 2023;
Comparable restaurant sales increased 3.0% for the second quarter of 2024 as compared to the second quarter of 2023;
Operating loss was $1.7 million, compared to operating loss of $1.0 million in the second quarter of 2023;
Net loss was $1.0 million, or $(0.09) per diluted share, compared to net loss of $1.0 million, or $(0.10) per diluted share, in the second quarter of 2023;
Restaurant-level operating profit* was $11.2 million, or 19.6% of sales;
Adjusted EBITDA* was $2.9 million; and
Five new restaurants opened during the fiscal second quarter of 2024.
Comparable restaurant sales increased 3.0% for the second quarter of 2024 as compared to the second quarter of 2023.
During the fiscal second quarter of 2024, the Company opened five new restaurants in Kansas City, Missouri; Skokie, Illinois; Columbus, Ohio; Euless, Texas; and Webster, Texas.

Destination XL Group, Inc. Reports Fiscal 2023 Fourth Quarter and Full-Year Financial Results

Retrieved on:

Thursday, March 21, 2024

E-commerce, Untuckit, Destination XL Group, Comparable, Tax, Growth, Male, Capital expenditure, History, NOL, Shoe, Investment, Interest, Depreciation, Income tax, DXL, Marketing, Corporation, Security (finance)

Comparable sales for the fourth quarter decreased 10.1% as compared to the fourth quarter of fiscal 2022.

Key Points:

Comparable sales for the fourth quarter decreased 10.1% as compared to the fourth quarter of fiscal 2022.
For the 14-week fourth quarter of fiscal 2023, total sales were $137.1 million as compared to $143.9 million for the 13-week fourth quarter of fiscal 2022.
SG&A expenses for the fourth quarter of fiscal 2023 were 38.5% of sales, compared with 37.8% in the fourth quarter of fiscal 2022.
Interest income for the fourth quarter of fiscal 2023 was $0.7 million, as compared to interest income of $0.1 million for the fourth quarter of fiscal 2022.

Zumiez Inc. Announces Fiscal 2023 Fourth Quarter Results

Retrieved on:

Thursday, March 14, 2024

Comparable, Growth, Webcast, Public expenditure, Woman, Blue tomato, Total

Net sales for the fourth quarter ended February 3, 2024 (14 weeks) increased 0.6% to $281.8 million from $280.1 million in the fourth quarter ended January 28, 2023 (13 weeks).

Key Points:

Net sales for the fourth quarter ended February 3, 2024 (14 weeks) increased 0.6% to $281.8 million from $280.1 million in the fourth quarter ended January 28, 2023 (13 weeks).
Net loss in the fourth quarter of fiscal 2023 was $33.5 million, or $1.73 per share, compared to net income of $11.4 million, or $0.59 per diluted share, in the fourth quarter of the prior fiscal year.
Fiscal 2023 fourth quarter results reflect a goodwill impairment charge of $41.1 million, or $2.13 per share after-tax, related to the Company’s decision to slow store growth and focus on profitability in Europe and the corresponding impact on the future cash flow projections of its Blue Tomato business.
Rick Brooks, Chief Executive Officer of Zumiez Inc., stated, “We concluded a difficult year with stronger than anticipated fourth quarter results as our consolidated monthly sales trend accelerated in January.

Vera Bradley Announces Fourth Quarter and Fiscal Year 2024 Results

Retrieved on:

Wednesday, March 13, 2024

Pura, Comparable, Vera Bradley, Growth, Project, VRA, EPS, Accounting, Travel, Research, Sale, Acquisition, Woman, Investment, Generation Z, ABL, GAAP, Jewellery, Share repurchase, Marketing, Fiscal, Gen, Total, Retail

On a non-GAAP basis, Vera Bradley, Inc.’s consolidated fourth quarter net income totaled $3.5 million, or $0.11 per diluted share.

Key Points:

On a non-GAAP basis, Vera Bradley, Inc.’s consolidated fourth quarter net income totaled $3.5 million, or $0.11 per diluted share.
For the prior year fourth quarter, Vera Bradley, Inc.’s consolidated net loss totaled ($28.2) million, or ($0.91) per diluted share.
Current year fourth quarter Vera Bradley Direct segment revenues totaled $93.0 million, a 6.6% decrease from $99.5 million in the prior year fourth quarter.
A conference call to discuss results for the fourth quarter and fiscal year is scheduled for today, Wednesday, March 13, 2024, at 9:30 a.m. Eastern Time.

iCAD Announces Fiscal Fourth Quarter and Full-Year 2023 Financial Results

Retrieved on:

Tuesday, March 12, 2024

Comparable, Adjustment, Sale, ATM, Cryptocurrency

NASHUA, N.H., March 12, 2024 (GLOBE NEWSWIRE) -- iCAD, Inc. (NASDAQ: ICAD) a global leader in clinically proven AI-powered solutions that enable medical providers to accurately and reliably detect cancer earlier and improve patient outcomes, today announced results for its fiscal fourth quarter and full year ended December 31, 2023, as compared to the corresponding period of the last fiscal year.

Key Points:

Operating Expenses: Total operating expenses for the twelve months ended December 31, 2023 were $22.5 million, a 17% decrease from $27.0 million for the twelve months ended December 31, 2022.
Please refer to the section entitled “Reconciliation of Non-GAAP Financial Measures to Comparable GAAP Measures” and the accompanying financial table included at the end of this release for a reconciliation of GAAP Net Loss to Non-GAAP Adjusted Net Loss results for the twelve-month periods ended December 31, 2023 and 2022, respectively.
Cash and cash equivalents: Cash and cash equivalents were $21.7 million as of December 31, 2023.
Accordingly, iCAD believes it has sufficient cash resources to fund its current planned operations with no need to raise additional funding.

Torrid Reports Fourth Quarter and Fiscal 2023 Results and Initiates Fiscal 2024 Guidance

Retrieved on:

Thursday, March 28, 2024

Footwear, Fashion, Retail, Other Consumer, Consumer, Other Retail, Women, Consumer Financial Protection Bureau, GAAP, Comparable, COVID-19, Adjustment, Capital expenditure, Investment, Partial, Capital, Commerce, Bookkeeping

Comparable sales in fiscal year 2023 compares sales in fiscal year 2023 to sales in the 53-week period ended February 4, 2023.

Key Points:

Comparable sales in fiscal year 2023 compares sales in fiscal year 2023 to sales in the 53-week period ended February 4, 2023.
For the first quarter of fiscal 2024 the Company expects:
Net sales between $277 million and $282 million.
A conference call to discuss the Company’s fourth quarter and fiscal 2023 results is scheduled for March 28, 2024, at 4:30 p.m.
Comparable sales in fiscal year 2023 compares sales in fiscal year 2023 to sales in the 53-week period ended February 4, 2023.

lululemon athletica inc. Announces Fourth Quarter and Full Year Fiscal 2023 Results

Retrieved on:

Thursday, March 21, 2024

Footwear, Fashion, Online Retail, Retail, Health, Luxury, Fitness & Nutrition, LULU, Power of Three, Comparable, Inventory, Risk, Growth, Sale, Ivivva athletica, Video game

lululemon athletica inc. (NASDAQ:LULU) today announced financial results for the fourth quarter and fiscal year ended January 28, 2024.

Key Points:

lululemon athletica inc. (NASDAQ:LULU) today announced financial results for the fourth quarter and fiscal year ended January 28, 2024.
During the fourth quarter, we saw continued momentum across our channels, geographies, and merchandise categories, driven by our teams around the world.
For the fourth quarter of 2023, compared to the fourth quarter of 2022:
Net revenue increased 16% to $3.2 billion.
The effective income tax rate for the fourth quarter of 2023 was 28.1% compared to 62.3% for the fourth quarter of 2022.

Shoe Carnival Reports Fourth Quarter and Fiscal 2023 Results

Retrieved on:

Thursday, March 21, 2024

Shoe Carnival, Inc. (Nasdaq: SCVL) (the “Company”), a leading retailer of footwear and accessories for the family, today reported results for the fourth quarter and fiscal year ended February 3, 2024 (“Fiscal 2023”) and provided annual guidance for its fiscal year ending on February 1, 2025 (“Fiscal 2024”).

Key Points:

Shoe Carnival, Inc. (Nasdaq: SCVL) (the “Company”), a leading retailer of footwear and accessories for the family, today reported results for the fourth quarter and fiscal year ended February 3, 2024 (“Fiscal 2023”) and provided annual guidance for its fiscal year ending on February 1, 2025 (“Fiscal 2024”).
Net sales achieved at the high end of the Company’s expectation, totaling $280.2 million in fourth quarter 2023 and $1.176 billion in Fiscal 2023.
The Company’s financial results for fourth quarter 2023 were consistent with the preliminary results previously announced.
Net sales in fourth quarter 2023 were $280.2 million, down 3.6 percent compared to fourth quarter 2022.

Hibbett Reports Fourth Quarter and Fiscal 2024 Results

Retrieved on:

Friday, March 15, 2024

Fashion, Online Retail, Retail, Sports, Department Stores, General Sports, Comparable, Forecasting, Growth, EPS, Partnership, Nike, Capital expenditure, City Gear, Capital, Public expenditure, Investment, Fiscal, Advertising

Hibbett, Inc. (Nasdaq/GS: HIBB), an athletic-inspired fashion retailer, provided financial results for its fourth quarter and full year ended February 3, 2024, (“Fiscal 2024”) and business updates.

Key Points:

Hibbett, Inc. (Nasdaq/GS: HIBB), an athletic-inspired fashion retailer, provided financial results for its fourth quarter and full year ended February 3, 2024, (“Fiscal 2024”) and business updates.
We look forward to opportunities to continue expanding our Hibbett and City Gear brands while delivering greater value to our customers and shareholders.”
The fourth quarter and Fiscal 2024 ended on February 3, 2024.
The fourth quarter included 14 weeks of results and Fiscal 2024 included 53 weeks of results.
Please note that the fiscal year ending February 1, 2025 (“Fiscal 2025”), will have 52 weeks versus 53 weeks in Fiscal 2024.

The Buckle, Inc. Reports Fourth Quarter and Fiscal Year 2023 Net Income

Retrieved on:

Friday, March 15, 2024

Retail, Footwear, Fashion, Online, BKE, Comparable, EDT, Security (finance)

Net sales for the 14-week fiscal quarter ended February 3, 2024 decreased 4.8 percent to $382.4 million from net sales of $401.8 million for the prior year 13-week fiscal quarter ended January 28, 2023.

Key Points:

Net sales for the 14-week fiscal quarter ended February 3, 2024 decreased 4.8 percent to $382.4 million from net sales of $401.8 million for the prior year 13-week fiscal quarter ended January 28, 2023.
Comparable store net sales for the 14-week period ended February 3, 2024 decreased 9.6 percent from comparable store net sales for the prior year 14-week period ended February 4, 2023.
Net sales for the 53-week fiscal year ended February 3, 2024 decreased 6.3 percent to $1.261 billion from net sales of $1.345 billion for the 52-week fiscal year ended January 28, 2023.
Net income for the fourth quarter of fiscal 2023 was $79.6 million, or $1.60 per share ($1.59 per share on a diluted basis), compared with $87.8 million, or $1.78 per share ($1.76 per share on a diluted basis) for the fourth quarter of fiscal 2022.