Kona Grill (KONA) Reports Q4 Loss of $1.23
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Kona Grill Reports Fourth Quarter and Fiscal 2017 Results
March 22, 2018 4:05 PM EDTSCOTTSDALE, Ariz., March 22, 2018 (GLOBE NEWSWIRE) -- Kona Grill, Inc. (NASDAQ: KONA), an American grill and sushi bar, reported financial results for the fourth quarter and year ended December 31, 2017.
Fourth Quarter 2017 Key Items Compared to Fourth Quarter 2016
Revenues decreased 2.5% to $42.5 million.Same-store sales decreased 6.5%, including an estimated 0.5% impact from the temporary closure of our Puerto Rico restaurant as a result of Hurricane Maria. Restaurant operating profit*, a non-GAAP measure, improved to $4.8 million or 11.4% as a percentage of revenues compared to $4.7 million or 10.7% as a percentage of... More