Kura Sushi USA, Inc. (KRUS) SEC Filings & Earnings Calls

Tariff impact on food and beverage costs

“As a percentage of sales, food and beverage costs increased to 30.2% in the three months ended May 31, 2026 as compared to 28.3% in the three months ended May 31, 2025, primarily due to tariffs on imported ingredients, which was partially offset by increases in menu prices.” · word for word

Negative traffic due to macroeconomic environment

“Comparable restaurant sales decreased 0.4%, consisting of negative traffic of 5.1% and price/mix of 4.7%, for the three months ended May 31, 2026, as compared to the three months ended May 31, 2025. The decrease in traffic is a result of lower consumer spending due to the macroeconomic environment.” · word for word

Tariffs on imported ingredients increased COGS by 200bps YoY, partially offset by menu price increases

“Food and beverage costs as a percentage of sales were 30.2% compared to 28.3% in the third quarter of 2025. The increase is primarily due to tariffs on imported ingredients, partially offset by increases in menu prices.” · word for word

Negative traffic of 5.1% indicates potential consumer demand weakness despite price/mix offset

“Comparable restaurant sales decreased 0.4%, consisting of negative traffic of 5.1% and a price/mix of 4.7%” · word for word

Tariff Exposure on Food Costs

“As a percentage of sales, food and beverage costs increased to 30.4% in the three months ended February 28, 2026 as compared to 28.7% in the three months ended February 28, 2025, primarily due to tariffs on imported ingredients.” · word for word

Wage Inflation Risk

“Partially offset by low-single digit wage inflation.” · word for word

Litigation Risk

“On December 9, 2024, a former employee filed a putative class action complaint... In February 2026, the Company reached an agreement to settle the claims for $0.9 million, subject to court approval.” · word for word

CFO departure creates leadership gap; interim CFO may lack dedicated financial oversight.

“CFO resignation; CEO assumes interim CFO role without additional compensation.”

Tariffs on imported ingredients are pressuring food costs and margins.

“The increase is primarily due to tariffs on imported ingredients, partially offset by increases in menu prices.” · word for word

Negative comparable sales indicate weakening consumer demand.

“Comparable restaurant sales decreased 2.5%, consisting of negative traffic of 2.5%” · word for word

Tariff cost pressure on food and construction costs

“During the three months ended November 30, 2025, tariffs had a considerable impact on our business, financial condition, results of operations and cash flows. Based on the current economic environment, tariffs are expected to continue to have a considerable impact on our operations in certain areas, such as food and beverage costs, construction and equipment” · word for word

Consumer spending weakness

“Comparable restaurant sales decreased 2.5%, consisting of negative traffic of 2.5% and flat price/mix, for the three months ended November 30, 2025, as compared to the three months ended November 30, 2024. The decrease in traffic is a result of lower consumer spending due to the macroeconomic environment.” · word for word

Majority control by Kura Japan

“As a result, Kura Japan is able to control all matters submitted to our stockholders for approval even if it owns significantly less than 50% of the number of shares of our outstanding equity interests.” · word for word

Inflation and tariff impact on operations

“Fiscal year 2025 required us to continue executing our long-term strategy while operating in a challenging environment shaped by the impact of continued inflation and tariffs.” · word for word

Geographic concentration in California and Texas

“Approximately 44% of our restaurants are located in California and Texas.” · word for word

Dependence on Kura Japan for strategic and operational support

“We have historically received strategic, operational and financial support from Kura Japan.” · word for word

Labor cost pressure from wage rate increases

“Labor and related costs were $93.0 million for fiscal year 2025 compared to $76.6 million for fiscal year 2024, representing an increase of $16.4 million, or 21.4%.” · word for word

Tariff input cost pressure on margins

“tariff pressures we navigated throughout the year, which have negatively impacted our top-line results and restaurant-level margins” · word for word

Consumer demand volatility

“volatile consumer environment” · word for word