restructuring
“Impairment of long-lived assets was none for fiscal year 2025 and $1.6 million for fiscal year 2024 due to impairment charges related to the property and equipment of one underperforming restaurant location.”
KRUS 10-K
Confirmed
Consumer Cyclical Brands
10 names are moving together; 100% are participating in the current session.
2 observed Confirmed episodes
Co-movement
Observed member paths adjusted against SPY. Shading marks the latest observation window.
Members
| TICKER | Company | Sector | Today | Observed activity |
|---|---|---|---|---|
| BOOT | Boot Barn Holdings, Inc. | Consumer Cyclical | +2.2% | 1/5 observed active sessions |
| UA | Under Armour, Inc. | Consumer Cyclical | -0.1% | 2/5 observed active sessions |
| UAA | Under Armour, Inc. | Consumer Cyclical | -0.5% | 3/5 observed active sessions |
| ASO | Academy Sports and Outdoors, In | Consumer Cyclical | +0.4% | Group member |
| HZO | MarineMax, Inc. (FL) | Consumer Cyclical | -0.6% | 1/5 observed active sessions |
| DKS | Dick's Sporting Goods Inc | Consumer Cyclical | -0.8% | Group member |
| KRUS | Kura Sushi USA, Inc. | Consumer Cyclical | -0.6% | 2/5 observed active sessions |
| BH-A | Biglari Holdings Inc. | Consumer Cyclical | +5.1% | 4/5 observed active sessions |
| BH | Biglari Holdings Inc. | Consumer Cyclical | +5.6% | 4/5 observed active sessions |
| SIG | Signet Jewelers Limited | Consumer Cyclical | +0.2% | 2/5 observed active sessions |
Why we believe this
Cohort
10 namesParticipation
100% this sessionObserved history
6 daily buildsFiling coverage
10/10 membersrestructuring affecting expense
“If restaurant sales decrease, our profitability could decline as we spread fixed costs across a lower level of sales, which could result in asset impairment charges and potential restaurant closures that materially adversely affects our business, financial condition or results of operations.”
KRUS 10-K
credit / rates affecting interest expense
“Interest expense decreased $0.7 million, or 1.8%, to $36.2 million in 2025 from $36.9 million in 2024, primarily driven by lower interest rates and a lower outstanding balance on our Term Loan.”
ASO 10-K
This identity theme becomes less useful if activity narrows to one or two names instead of remaining broad across the cohort.
Connected, outside the group
NKE
UAtext peer · Not moving with the group now
No filing excerpt is available for this relationship.
KTB
BOOTcustomer · Not moving with the group now
Filing receipt · KTB / BOOT
“Deep Relationships With Leading Brick-and-Mortar and E-Commerce Retailers The Wrangler ® and Lee ® brands have long-term relationships with many leading brick-and-mortar…”
BOOT · customer
GOLF
UAAcompetitor · Not moving with the group now
Filing receipt · GOLF / UAA
“In the golf apparel category, FootJoy has numerous competitors in each geographical market, including Nike, Adidas, Peter Millar, GFore and Under Armour.”
UAA · competitor
LGHL
BHinvestee · Current intraday read unavailable
Filing receipt · LGHL / BH
“Investments The Company and its subsidiaries have invested in The Lion Fund, L.P., and The Lion Fund II, L.P.”
BH · investee
ACCL
HZOsupplier · Current intraday read unavailable
Filing receipt · ACCL / HZO
“Changes in and Disagreements with Acco untants on Accounting and Financial Disclosure None.”
HZO · supplier
History
2026-07-07 → 2026-07-133 observed active sessions · 0% of active names held across the episode
2026-06-30 → 2026-07-012 observed active sessions · 66.7% of active names held across the episode