Kona Grill 3Q profit slips 32.9%

Kona Grill 3Q profit slips 32.9%

Kona Grill Inc. reported Wednesday a 32.9-percent decline in net income for the third quarter ended Sept. 30. The 24-unit Scottsdale, Ariz.-based casual-dining chain said it opened a new location in Boise, Idaho — its first new restaurant since 2010 — on Oct. 18, after the quarter’s close. It plans to open another unit in The Woodlands, Texas, before the end of 2013.
 

NET INCOME

Result: $660,000, or 8 cents per share
% Decrease: 32.9% (from $984,000, or 11 cents per share)

REVENUE

Result: $24.5 million
% Increase: 2.6% (from $23.9 million)

SAME-STORE SALES

% Increase systemwide: 2.6%

Source: Company report



RELATED:
Kona Grill 2Q sales, revenue increase modestly
A look at Kona Grill's new restaurant design
More restaurant finance news

Contact Ron Ruggless at [email protected].
Follow him on Twitter: @RonRuggless

Hide comments

Comments

  • Allowed HTML tags: <em> <strong> <blockquote> <br> <p>

Plain text

  • No HTML tags allowed.
  • Web page addresses and e-mail addresses turn into links automatically.
  • Lines and paragraphs break automatically.
Publish