Kura Sushi USA, Inc. (NASDAQ: KRUS) saw its stock price plummet 6.52% in pre-market trading on Thursday, as investors reacted to the company's disappointing second-quarter 2025 financial results and a significant target price cut by Citigroup.
The sushi restaurant chain reported its Q2 2025 earnings, revealing a mixed financial picture. While revenue increased by 13% year-over-year to $64.9 million, in line with analyst estimates, the bottom line told a different story. Kura Sushi's net loss widened dramatically by 279% to $3.78 million, resulting in a loss per share of $0.31. This figure represents a substantial deterioration from the $0.089 loss per share reported in the same quarter last year and missed analyst expectations by a whopping 121%.
Adding to the negative sentiment, Citigroup slashed its target price for Kura Sushi USA from $71 to $47, reflecting reduced confidence in the company's near-term prospects. This combination of weak earnings performance and lowered analyst expectations appears to have triggered the significant sell-off in KRUS shares. As the market digests these developments, investors will be closely watching for any signs of improvement in Kura Sushi's profitability and growth trajectory in the coming quarters.
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