Kona Grill (KONA) Reports Q2 Loss Per Share of 43c

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Go back to Kona Grill (KONA) Reports Q2 Loss Per Share of 43c

Kona Grill Reports Second Quarter 2017 Results

July 31, 2017 4:05 PM EDT

SCOTTSDALE, Ariz., July 31, 2017 (GLOBE NEWSWIRE) -- Kona Grill, Inc. (NASDAQ: KONA), an American grill and sushi bar, reported financial results for the second quarter ended June 30, 2017.

Second Quarter 2017 Key Items vs. Year-Ago Quarter

Restaurant sales increased 8.5% to $47.0 million.Same-store sales decreased 5.3% compared to a 2.5% gain from the prior year.Net loss of $4.3 million, or ($0.43) per share, which included $1.4 million or ($0.14) per share in asset write-off and estimated lease termination costs associated with not opening a previously planned restaurant and $0.5 million or ($0.05) per... More