Key Developments: Kona Grill Inc (KONA.OQ)
13.21USD
1 Aug 2013
$0.38 (+2.96%)
$12.83
$12.84
$13.21
$12.84
3,960
6,076
$13.21
$7.39
Latest Key Developments (Source: Significant Developments)
Kona Grill Inc Comments On Q3 2013 Same-Store Sales Guidance; Issues Q3 2013 Earnings Guidance Below Analysts Estimates
Kona Grill Inc announced that for third quarter of 2013, it expects same-store sales of 1%, excluding the impact of two restaurants that are scheduled to undergo extensive remodels beginning in September. As a result of the remodels, the company expects restaurant sales to be flat at $23.9 million for the third quarter of fiscal 2013. The Company expects net income for the third quarter of 2013 of $0.4 million, or $0.05 per share. According to I/B/E/S Estimates, analysts are expecting the Company to report EPS of $0.9 for the third quarter of 2013. Full Article
Kona Grill Inc Comments On Q2 2013 Same-Store Sales Guidance; Issues Q2 2013 EPS Guidance Below Analysts' Estimates
Kona Grill Inc announced that for the second quarter of 2013, it expects same-store sales increase of 1%. The Company also expects net income of $1.3 million or $0.15 per share. According to I/B/E/S Estimates, analysts are expecting the Company to report EPS of $0.17 for the second quarter of 2013. Full Article
Kona Grill Inc Issues Q1 2013 Same Store Sales Guidance; Issues Q1 2013 EPS Guidance Below Analysts' Estimates
Kona Grill Inc announced that for the first quarter of 2013, it expects restaurant sales of $23.9 million, compared to $24.2 million in the same year ago quarter and flat same store sales, excluding the extra day due to leap year in 2012. The Company also expects net income of $0.9 million or $0.11 per share. According to I/B/E/S Estimates, analysts are expecting the Company to report EPS of $0.14 for the first quarter of 2013. Full Article
Kona Grill Inc Issues Q4 2012 Guidance Below Analysts' Estimates; Issues Q4 2012 Same Store Sales Guidance
Kona Grill Inc announced that for fourth quarter of 2012, it expects same-store sales of 1.0%, restaurant sales are expected to be flat at $23.1 million, net income of $0.8 million, or $0.09 per share. According to I/B/E/S Estimates, analysts are expecting the Company to report revenue of $24 million, net income of $0.98 million and EPS of $0.11 for fourth quarter of 2012. Full Article
Kona Grill Inc Issues Q3 2012 Earnings Guidance; Revenue Guidance Below Analysts' Estimates
Kona Grill Inc announced that for third quarter of 2012, it expects restaurant sales of $24.1 million and net income of $1.1 million, or $0.12 per share. According to I/B/E/S Estimates, analysts are expecting the Company to report revenue of $24.2 million, net income of $1.1 million and EPS of $0.12 for third quarter of 2012. Full Article
Kona Grill Inc Announces Stock Repurchase Plan
Kona Grill Inc announced that its Board of Directors has authorized the repurchase of up to $5 million of the Company's outstanding common stock, effective May 4, 2012. Repurchases under the program will be made in open market or privately negotiated transactions in compliance with the Securities and Exchange Commission Rule 10b-18. The Company intends to fund the repurchase program from available cash and to retire any shares repurchased. The Company, however, has no obligation to repurchase shares under this authorization, and the timing, actual number and value of shares to be purchased will depend on the Company's stock price and other market conditions. Full Article
Kona Grill Inc Issues Q2 2012 Mixed Earnings Guidance; Comments On Q2 2012 Restaurant Sales Guidance
Kona Grill Inc announced that for the second quarter of 2012, it expects restaurant sales of $24.7 million. The Company also expects net income of $1.25 million, or $0.14 per share. According to I/B/E/S Estimates, analysts were expecting the Company to report net income of $0.90 million and EPS of $0.10 for the second quarter of 2012. Full Article
Kona Grill Inc Promotes Christi Hing To Chief Financial Officer
Kona Grill Inc announced that it has promoted Christi Hing from vice president and controller to Chief Financial Officer (CFO). Full Article
Kona Grill Inc Issues Q1 2012 Guidance Below Analysts' Estimates; Comments On Q1 2012 Restaurant Sales Guidance
Kona Grill Inc announced that for the first quarter of 2012, the Company forecasts growth over the year-ago quarter, with restaurant sales of $22.5 million to $23.2 million, and net income of $0.1 million to $0.2 million, or $0.01 to $0.02 per share (EPS). According to I/B/E/S Estimates, analysts were expecting the Company to report net income of $0.3 million and EPS of $0.03 for the first quarter of 2012. Full Article
Kona Grill Inc Appoints Berke Bakay As President And CEO
Kona Grill Inc announced that it has appointed Berke Bakay as president and Chief Executive Officer (CEO). Bakay succeeds Mike Nahkunst, who is leaving the Company for personal reasons. Full Article

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