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Kona Grill Inc Comments On Q4 2013 Same Store Sales Guidance; Issues Q4 2013 Earnings Guidance Above Analysts' Estimates

Wednesday, 30 Oct 2013 04:05pm EDT 

Kona Grill Inc announced that for the fourth quarter of 2013, it expects same store sales growth of 3.0%, excluding the impact from two extensive restaurant remodels that commenced in October. As a result of the remodels and new restaurant openings, the company forecasts restaurant sales of $24.5 million for the fourth quarter of 2013, compared to $23.0 million in the same year-ago quarter. The company expects a net loss for the fourth quarter of 2013 of $600,000 or $0.07 per share, which includes an approximate $0.18 per share impact from a combination of preopening expenses, lost sales and costs associated with two restaurant remodels, and G&A spending in support of new unit growth, compared to net income of $851,000, or $0.10 per share, for the fourth quarter of 2012. According to I/B/E/S Estimates, analysts are expecting the Company to report EPS of $0.03 for the fourth quarter of 2013. 

Company Quote

0.2 +1.09%
24 Oct 2014