Yoshiharu reports Q2 EPS $3.3M vs $2.2M last year

“We are pleased with the top-line growth and improvement in our bottom-line as we remain keen on hitting profitability in the near future,” said James Chae, Yoshiharu’s President, CEO and Chairman of the Board. “Although the food and beverage markets are facing challenges such as increased input costs, consumer price sensitivity, and higher cost of capital, Yoshiharu has been able to improve operating expenses and has maintained a competitive AUV comparable to prior periods. We are also working to add kiosks across our stores and utilize cooking robots to reduce labor costs to further manage our expenses. The timely acquisition of the three Las Vegas restaurants this past April has played a crucial role in executing our growth strategy. These locations benefit from a strong residential customer base and a history of profitability, and we are focused on seamlessly integrating the Yoshiharu brand into this vibrant market. We are also making significant strides to open another California restaurant and look forward to announcing the grand opening in the near future. With 14 restaurants now under our operating belt and a dedicated approach to cost management, we are well-positioned to expand the Yoshiharu brand across California and Las Vegas, driving positive results and efficiency for the remainder of the year.”