Kura sushi usa, inc. announces unaudited earnings results for the fourth quarter and year ended august 31, 2019; provides earnings guidance for the full fiscal year of 2020

Kura sushi usa, inc. announced unaudited earnings results for the fourth quarter and year ended august 31, 2019. for the quarter, the company announced sales of $18,753,000 compared to $14,645,000 a year ago. operating income was $965,000 compared to $1,096,000 a year ago. net income was $916,000 compared to $980,000 a year ago. basic and diluted income per class a and class b common share was $0.15 compared to $0.20 a year ago. for the year, the company announced sales of $64,245,000 compared to $51,744,000 a year ago. operating income was $1,661,000 compared to $1,863,000 a year ago. net income was $1,456,000 compared to $1,742,000 a year ago. basic income per class a and class b common share was $0.28 compared to $0.35 a year ago. diluted income per class a and class b common share was $0.26 compared to $0.34 a year ago. the company provided earnings guidance for the full fiscal year of 2020. for the year, the company expected total sales guidance between $84 million and $87 million.
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