Restaurant Sales Increase Nearly 21 Percent at Kona Grill

October 31, 2016

Kona Grill, Inc., an American grill and sushi bar, reported financial results for the third quarter ended September 30. 

Third Quarter 2016 Highlights vs. Year-Ago Quarter

Restaurant sales increased 20.7 percent to $43.4 million.

Same-store sales increased 0.7 percent lapping a 1.6 percent gain from the prior year and marking growth in 24 of the last 25 quarters.

Opened restaurants in Franklin, Tennessee, and Honolulu, Hawaii.

“Same-store sales rose 0.7 percent during the third quarter in the face of a soft casual dining environment and unprecedented flooding in Louisiana, which closed and limited operating hours at our Baton Rouge restaurant