Kona Grill swings to 1Q profit on increased sales

Kona Grill swings to 1Q profit on increased sales

Kona Grill Inc. said Monday it swung to a profit in the first quarter, aided by increased same-store sales and improved operating margins.

The Scottsdale, Ariz.-based operator of grill and sushi bar restaurants reported net income of $1.2 million, or 13 cents per share, for the quarter ended March 31, compared with a loss of $92,000, or one cent per share, in the same quarter a year earlier. Kona Grill total revenue for the quarter rose 8.6 percent to $24.2 million, from $22.2 million

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