Kona Grill cuts loss in 3Q

SCOTTSDALE Ariz. Kona Grill Inc., which owns 23 American grill/sushi bar units, said Tuesday it trimmed its third-quarter net loss even as same-store sales fell nearly 10 percent.

For the third quarter ended Sept. 30, Kona Grill posted a net loss of $1 million, or 11 cents per share, which was down from a net loss of $3.9 million, or 49 cents per share, in the same period last year, which included a $3.2 million charge related to a restaurant’s closing.

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