Kura Sushi reports Q2 adjusted EPS (4c), consensus (20c)

Reports Q2 revenue $80.02M, consensus $77.61M. Comparable restaurant sales increased 8.6%. Hajime Uba, president and CEO of Kura Sushi (KRUS), stated, “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. Our fiscal second quarter was quite strong, with better-than-expected comparable sales performance and record-breaking labor leverage. This quarter is a great demonstration of the advantages that are unique to Kura, whether it’s our unmatched scale in the sushi space, our unique approach to technology, or the agility of our team members in building and implementing new initiatives.”