Kura Sushi USA, Inc. (KRUS) experienced a 24-hour plunge of 5.07%, with the stock facing significant selling pressure during intraday trading and extending losses in the after-hours session.
The sharp decline followed the company's fiscal third-quarter 2026 earnings report, which revealed sales of $85.9 million that slightly missed analyst expectations. Comparable restaurant sales decreased 0.4% as a 5.1% decline in customer traffic offset a 4.7% increase from pricing adjustments.
Investors reacted negatively as Kura Sushi lowered its full-year fiscal 2026 sales guidance to a range of $330.5 million to $331.5 million, down from its previous outlook. The company also cited higher food and beverage costs, primarily due to tariffs on imported ingredients, while earnings per share fell to $0.03 from $0.05 a year earlier.
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