Kura Sushi rises on upbeat annual sales forecast, narrow Q2 loss

Kura Sushi

07/04/2022 22:14

** Shares in Japanese restaurant operator  KRUS.O  up 7.34%
at $63 in extended trade 
    ** Co sees FY 2022 sales between $130 million and $140
million, compared with Wall Street estimates of $134 mln, per
Refinitiv data  urn:newsml:reuters.com:*:nASA036TD
    ** KRUS says it mitigated Omicron headwinds during the
quarter, which were most significant from mid-December through
late January 
    ** Co's Q2 adjusted net loss narrows to 19 cents/shr from 78
cents/shr a year earlier; analysts were expecting a loss of 21
cents/shr 
    ** All five brokerages covering the stock rate "buy" or
higher; their median PT is $84.50 
    ** As of last close, shares down 27.40% YTD

 (Reporting by Manya Saini in Bengaluru)
 ((Manya.Saini@thomsonreuters.com;))