Kona Grill (KONA) Lowers Q1 Loss Estimate
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Kona Grill, Inc. (Nasdaq: KONA) sees Q1 sales up 7.5% to $19.5 million, compared to $18.1 million in the same quarter last year. The growth in restaurant sales reflects additional revenues from four restaurants opened since June 2008.
Same store sales fell about 9.6% compared to a 2.4% drop in the same period last year.
Sees a Q1 loss of $0.17-$0.21, better than the company's previous guidance looking for a loss of $0.22-$0.29. The Street is currently expecting a Q1 loss of $0.27.
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