Kura Sushi USA slips on pricing stock offering

Kura Sushi

12/11/2024 14:05

**  
  
    ** 
  
    
      
    
  
    
      
    
    general purposes, including capex and working capital
  
    ** Co has ~11.3 mln shares outstanding and ~5.5 mln shares
of public float, per LSEG
  
    ** William Blair, Barclays and TD Securities leading the
offering
** Co on Weds posted fiscal Q4 sales of $66 mln vs $54.9 mln a
yr ago as comp restaurant sales declined 3.1%, and forecasted
FY25 sales of $275-$279 mln vs LSEG estimate of ~$288 mln
     ** Through Mon, shares up 21.5% YTD and up around 75% over
the past 12 months
  

(Lance Tupper is a Reuters market analyst. The views expressed
are his own)
((mailto:lance.tupper@thomsonreuters.com
mailto:lance.tupper@tr.com 1-646-279-6380))