Kona Grill (KONA)

Kona announced that for the fourth quarter 2009, sales increased 7.7% to $20.0 million from $18.6 million a year-ago, while comparable restaurant sales decreased approximately 8.1%. During its third quarter conference call in October, the Company had previously forecasted an approximate 9.0% decrease in comparable restaurant sales for the period. The Company will release and comment on these results during its next quarterly earnings call, scheduled for February 10, 2010.
SSS down 8.1%, ouch. Sure, that's better than their initial forecast of a 9.0% decline, but still not pretty.

Jan 12 · 7:47:00 AM · Source: Company Press Release
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by Rich Pike