Kura Sushi USA Inc. (KRUS) Financial Statements (2024 and earlier)

Company Profile

Business Address 17461 DERIAN AVE.
IRVINE, CA 92614
State of Incorp. DE
Fiscal Year End August 31
Industry (SIC) 5812 - Eating Places (benchmarking)
More info Complete Financial Analysis Financial Benchmarking

Balance Sheet (Statement of Financial Position) ($ in thousands)

2/29/2024
Q2
11/30/2023
Q1
8/31/2023
Q4
5/31/2023
Q3
2/28/2023
Q2
11/30/2022
Q1
8/31/2022
Q4
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments71,20778,23979,21622,29426,93435,782
Cash and cash equivalents64,16169,69770,47422,29426,93435,782
Short-term investments7,0468,5428,742   
Receivables    734156
Inventory, net of allowances, customer advances and progress billings1,7711,7471,3871,4361,2781,120
Inventory1,7711,7471,3871,4361,2781,120
Prepaid expense  3,697  3,5252,588
Other current assets  536  318230
Other undisclosed current assets9,0705,1528,6597,0942,9502,520
Total current assets:82,04889,37189,26230,83135,03942,396
Noncurrent Assets
Operating lease, right-of-use asset107,853103,88496,12690,12984,15479,990
Property, plant and equipment114,346106,42796,65487,79181,10975,590
Other undisclosed noncurrent assets5,0504,9774,2063,9664,1473,380
Total noncurrent assets:227,249215,288196,986181,886169,410158,960
TOTAL ASSETS:309,297304,659286,248212,717204,449201,356
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities16,81216,53713,89813,95111,94719,949
Taxes payable1,240
Employee-related liabilities5,955
Accounts payable8,8717,2485,5216,8105,3045,559
Accrued liabilities7,9419,2898,3777,1416,6437,195
Debt 527075179337507
Due to related parties466439648285
Other undisclosed current liabilities14,24512,53110,67710,89411,5594,528
Total current liabilities:31,10929,13825,11625,46324,49125,269
Noncurrent Liabilities
Long-term debt and lease obligation 223116162282,310
Finance lease, liability 223116162230
Liabilities, other than long-term debt114,425110,849101,37694,86888,029483
Other liabilities652615582539510483
Operating lease, liability113,773110,234100,79494,32987,51982,280
Total noncurrent liabilities:114,447110,880101,39294,88488,05182,793
Total liabilities:145,556140,018126,508120,347112,542108,062
Equity
Equity, attributable to parent, including:163,741164,641159,74092,37091,90793,294
Additional paid in capital189,915188,771186,845121,149119,671118,970
Accumulated other comprehensive income (loss)4643(7)   
Accumulated deficit(26,231)(24,184)(27,109)(28,789)(27,774)(25,686)
Other undisclosed equity, attributable to parent111111101010
Total equity:163,741164,641159,74092,37091,90793,294
TOTAL LIABILITIES AND EQUITY:309,297304,659286,248212,717204,449201,356

Income Statement (P&L) ($ in thousands)

2/29/2024
Q2
11/30/2023
Q1
8/31/2023
Q4
5/31/2023
Q3
2/28/2023
Q2
11/30/2022
Q1
8/31/2022
Q4
Revenues51,47554,92949,23843,94439,31841,998
Cost of revenue
(Cost of Goods and Services Sold)
(2,476)(2,113)(1,975)(1,758)(1,576)(1,444)
Gross profit:48,99952,81647,26342,18637,74240,554
Operating expenses(54,316)(52,700)(47,930)(44,993)(41,474)(40,083)
Other undisclosed operating income2,4762,1131,9751,7581,5761,444
Operating income (loss):(2,841)2,2291,308(1,049)(2,156)1,915
Nonoperating income
(Investment Income, Nonoperating)
840879436639476
Interest and debt expense(8)(16)(23)(14)(16)(17)
Income (loss) from continuing operations before income taxes:(2,009)3,0921,721(1,000)(2,078)1,974
Income tax expense(38)(167)(41)(15)(10)(61)
Income (loss) from continuing operations:(2,047)2,9251,680(1,015)(2,088)1,913
Income before gain (loss) on sale of properties:1,913
Net income (loss) available to common stockholders, diluted:(2,047)2,9251,680(1,015)(2,088)1,913

Comprehensive Income ($ in thousands)

2/29/2024
Q2
11/30/2023
Q1
8/31/2023
Q4
5/31/2023
Q3
2/28/2023
Q2
11/30/2022
Q1
8/31/2022
Q4
Net income (loss):(2,047)2,9251,680(1,015)(2,088)1,913
Other comprehensive income (loss)3 (7)   
Other undisclosed comprehensive income  43    
Comprehensive income (loss):(2,044)2,9681,673(1,015)(2,088)1,913
Other undisclosed comprehensive income, net of tax, attributable to parent  7    
Comprehensive income (loss), net of tax, attributable to parent:(2,044)2,9751,673(1,015)(2,088)1,913

Statements Sources

The financial statements are based on the Company's filings with the U.S. Securities and Exchange Commission (SEC) through the Electronic Data Gathering, Analysis, and Retrieval system (EDGAR). The information is derived from the 10-K and 10-Q reports submitted to the SEC in XBRL (eXtensible Business Reporting Language) format and presented according to the US GAAP Taxonomy. Please review the original filings for a more detailed information.

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