Kona Grill's (KONA) Weak SSS Growth Contributes to EPS Miss; Wedbush Cuts Price Target to $25
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Kona Grill Reports Third Quarter 2015 Results
November 2, 2015 4:05 PM EST- Announces 10th Consecutive Quarter of Positive Same-Store Sales -
- Provides Development Guidance for 2016 -
SCOTTSDALE, Ariz., Nov. 2, 2015 (GLOBE NEWSWIRE) -- Kona Grill, Inc. (NASDAQ: KONA), an American grill and sushi bar, reported financial results for the third quarter ended September 30, 2015. The Company also provided restaurant sales and earnings outlook for the fourth quarter of 2015 as well as development guidance for 2016.
Third Quarter 2015 Highlights vs. Year-Ago Quarter
Restaurant sales increased 19.6% to $35.9 million. Same-store sales increased 1.6% lapping a 2.7% gain from the... More