Kura Sushi USA Inc at Barclays Eat, Sleep, Play Conference Transcript
Good afternoon, everyone. I hope everyone had a chance to grab some lunch, whether you're in the room or on the webcast.
My name is Jeff Bernstein, and I'm the restaurant and foodservice distribution analyst here at Barclays. I'm excited to introduce our next presenting company, Kura Sushi. With us this afternoon from Irvine, California, we have Jimmy Uba, President and CEO; Jeff Uttz, CFO; and Ben Porten, SVP of IR and Business Development.
By way of background, for those not familiar, Kura Sushi is, interestingly, a technology-enabled casual dining restaurant chain, with a very modest 50 company-operated units across the US. And with long-term guidance for a 20% annual unit growth rate, management is confident in long-term guidance for 300 US units, and we would estimate that likely conservative with their total addressable market analysts for analysis not updated for a number of years, and the success they've had since then.
So we are excited to have Kura Sushi here. We recently launched coverage of the name, and so we
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