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Kona Grill Inc Comments On Q3 2013 Same-Store Sales Guidance; Issues Q3 2013 Earnings Guidance Below Analysts Estimates

Thursday, 1 Aug 2013 04:05pm EDT 

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 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 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. 

Company Quote

-0.95 -5.12%
1:50pm EDT