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MarketScreener Homepage  >  Equities  >  Nasdaq  >  Kura Sushi USA, Inc.    KRUS

KURA SUSHI USA, INC.

(KRUS)
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Kura Sushi USA : taps CrunchTime to help grow US presence

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01/22/2020 | 10:41am EDT

Kura Sushi USA, a technology-enabled Japanese restaurant concept with 24 units, has tapped  CrunchTimeRestaurant's Food & Labor Operations Platform to help it scale across America. 

"With our aggressive growth plans, Kura Sushi needs reliable control of its two biggest cost centers, food inventory and restaurant labor," Jung Lee, director of purchasing at Kura Sushi USA, said in the release. "With its deep domain expertise in back-of-house restaurant management challenges, CrunchTime is the perfect partner for us as we continue to add new locations throughout the United States."

With CrunchTime deployed, the brand can access core business data for trend analysis and to inform plans on how to drive sales, improve forecast accuracy, optimize food safety procedures and eliminate wasteful spending, according to the release. Individual restaurant managers may access CrunchTime's online dashboards and reports, compare actual to theoretical food costs and identify the root cause of any food cost variances. With each restaurant responsible for its own food cost and inventory management, Kura can reduce company-wide food costs and increase profitability, Bill Bellissimo, founder and president of CrunchTime, said in the release.

"With its recent IPO and aggressive plans to open new restaurants across America, Kura Sushi USA recognizes that the CrunchTime platform can be a key tool in its quest to scale their innovative brand," he said. "CrunchTime will help Kura Sushi USA control its costs, streamline food operational efficiencies, and meet their investor demands as it rolls out new restaurants."

Kura Sushi USA, a subsidiary of Kura Sushi Inc., a Japan-based revolving sushi chain with over 400 restaurants, serves cuisine through a tech-enabled revolving sushi service model. Guests select from a small plates menu featuring over 140 freshly prepared items rooted in Kura Sushi's philosophy of using old-world techniques and ingredients that are free from artificial seasonings, sweeteners, colorings and preservatives.

Copyright © 2020 Networld Media. All rights reserved., source Industry News

Stocks mentioned in the article
ChangeLast1st jan.
KURA SUSHI USA, INC. 10.13% 12.18 Delayed Quote.-52.14%
KURA SUSHI,INC. -2.15% 3875 End-of-day quote.-4.32%
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Latest news on KURA SUSHI USA, INC.
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Financials (USD)
Sales 2020 77,3 M
EBIT 2020 -1,06 M
Net income 2020 -0,61 M
Finance 2020 31,7 M
Yield 2020 -
P/E ratio 2020 -261x
P/E ratio 2021 28,5x
EV / Sales2020 0,90x
EV / Sales2021 0,64x
Capitalization 102 M
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Income Statement Evolution
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Mean consensus BUY
Number of Analysts 3
Average target price 26,00  $
Last Close Price 12,18  $
Spread / Highest target 146%
Spread / Average Target 113%
Spread / Lowest Target 47,8%
EPS Revisions
Managers
NameTitle
Hajime Uba Chairman, President & Chief Executive Officer
Manabu Kamei Chief Operating Officer & Director
Koji Shinohara Chief Financial Officer, Secretary & Treasurer
Seitaro Ishii Independent Director
Shintaro Asako Lead Independent Director
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