Kura Sushi USA Inc (NASDAQ: KRUS) shares are trading higher by 24.8% to $67.49 Friday morning after the company reported better-than-expected third-quarter EPS and sales results. The company also issued FY22 sales guidance above analyst estimates.
Kura Sushi reported quarterly earnings of 5 cents per share which beat the analyst consensus estimate of a loss of 10 cents per share. The company also reported quarterly sales of $38.00 million which beat the analyst consensus estimate of $35.54 million by 7%. This sales figure is a 106% increase over sales of $18.47 million in the same period last year.
Kura Sushi sees FY22 sales as low as $137 million or as high as $142 million, which is higher than the analyst consensus estimate of $135.85 million.
See Also: Why Twitter (NYSE:TWTR) Stock Is Falling Today
Kura Sushi is a Japanese restaurant company. It operates revolving sushi chain restaurants in the United States.
According to data from Benzinga Pro, Kura Sushi has a 52-week high of $85.62 and a 52-week low of $30.95.
© 2022 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
Read at Benzinga