Yesterday at the market close, Kona Grill symbol: KONA announced its first quarter results. The company beat expectations and by 5 cents, reporting a loss of $.10 per diluted share. KONA lost $907,000 this quarter. Guidance for the fourth quarter is a loss of $.01 to $.06 cents loss per share, ranging from a $21.7 to $22.7 million loss.
The company has attributed the narrowing loss to their new promotions including their new drink offerings, and get skinny menu. The karnivore online membership program is also tracking well; bringing customers back through the restaurant doors.
Kona Grill Locations that have been open for 2 years