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Kona Grill Inc  (KONA)
Other Ticker:  
 
    Sector  Services    Industry Restaurants
   Industry Restaurants
   Sector  Services
 
Price: $0.0000 $0.00 %
Day's High: 0.00 Week Perf:
Day's Low: $ 0.00 30 Day Perf:
Volume (M): 0 52 Wk High: $ 0.00
Volume (M$): $ 0 52 Wk Avg: $0.00
Open: $0.00 52 Wk Low: $0.00



 Market Capitalization (Millions $) -
 Shares Outstanding (Millions) 13
 Employees 2,300
 Revenues (TTM) (Millions $) 157
 Net Income (TTM) (Millions $) -32
 Cash Flow (TTM) (Millions $) -2
 Capital Exp. (TTM) (Millions $) 2

Kona Grill Inc
Kona Grill, Inc. is a restaurant company that operates 34 restaurants in 20 states across the United States and Puerto Rico. They also have two international restaurants operating under franchise agreements. Kona Grill offers freshly prepared food, attentive service, and an upscale contemporary ambiance that creates an exceptional, yet affordable dining experience. Their menu features contemporary American favorites, award-winning sushi, and an extensive selection of alcoholic beverages. The diverse menu is complemented by a full-service bar offering a broad assortment of wines, craft cocktails, and beers.

The restaurants seat an average of 290 customers and are comprised of multiple dining areas that incorporate modern design elements to create an upscale ambiance that reinforces their high standards of food and service. The main dining area, full-service bar, indoor/outdoor patio, and sushi bar provide a choice of atmospheres and a variety of environments designed to attract new customers and encourage repeat visits from regular customers. The restaurants are generally located in high-activity areas such as retail centers, shopping malls, and lifestyle centers that are situated near commercial office space and residential housing to attract customers throughout the day.

Kona Grill significantly grew the number of restaurants from 2013 to 2016 and doubled the size of the company from 23 restaurants in 2012 to 46 restaurants by 2017. However, the company has currently discontinued developing new restaurants to give its existing base of restaurants the opportunity to mature, conserve cash resources, and has closed certain unprofitable restaurants. The company is evaluating strategic alternatives, including the sale of the company, the potential sale of the companyes assets through a Chapter 11 filing, refinancing, or other alternatives, including the closure of additional restaurants.

In March 2019, Kona Grill announced that their Board of Directors, working together with the management team, engaged Piper Jaffray as their financial advisor to assist with the evaluation of strategic alternatives, including the possible sale of their business. There can be no assurance that the process that the company is undertaking will be successful. Additionally, the company is in discussions with their secured lenders in an effort to pursue various strategic alternatives. The company can give no assurance that they will successfully execute any strategic alternatives they are currently pursuing or any others, and their ability to do so could be adversely affected by numerous factors, including changes in the economic or business environment, financial market volatility, the performance of the business, and the terms and conditions of the credit facility.

It is possible that even a successful implementation of one of the strategic alternatives that the company is pursuing will require them to make a filing for protection under Chapter 11 of the U.S. Bankruptcy Code. Kona Grill seeking relief under the U.S. Bankruptcy Code, whether or not such relief leads to a quick emergence from Chapter 11, could materially adversely affect the relationships between the company and its existing and potential customers, employees, suppliers, and others.


   


   

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One Group Hospitality Inc

Earnings Soar with $1.53 Million Provisions on Income Taxes: One Group Hospitality Inc's Financial Results Analysis



The recent financial results of One Group Hospitality Inc paint a mixed picture for the company. While it experienced a modest revenue growth of 1.839%, its income contracted by -3.78% compared to the same period last year. Furthermore, its gain fell short of the overall performance of the Restaurants sector. This article will delve into the implications of these financial results and discuss their potential impact on the company moving forward.
Revenue Growth and EPS:
One Group Hospitality Inc achieved revenue of $89.94 million and earnings per share (EPS) of $0.15 during the October to December 31, 2023 period. Although revenue saw an improvement of 16.976% compared to the prior reporting period, it fell short of 7.08% compared to the corresponding period a year earlier. This suggests that the company's growth rate lags behind its competitors in the industry.

Fat Brands Inc

Fat Brands Inc Reports Strong Growth in Fiscal Period Ending Dec 31, 2023

Fat Brands Inc is a leading global franchising company that specializes in the acquisition and development of fast-casual and casual dining restaurant concepts. The company owns a portfolio of well-known restaurant brands, including Fatburger, Buffalo's Cafe, Buffalo's Express, Ponderosa Steakhouse, and Bonanza Steakhouse. With a focus on providing high-quality food and exceptional customer service, Fat Brands Inc has built a loyal customer base and continues to grow its presence in the restaurant industry.
In the October to December 31, 2023 fiscal period, Fat Brands Inc reported a loss of $-1.77 per share. This represents a significant improvement from the loss of $-3.73 per share in the same period a year before. The company also saw a growth in revenue, with a 52.808% increase to $158.64 million from $103.81 million in the corresponding quarter a year before. Sequentially, revenue surged by 45.051% from $109.37 million.

Carrols Restaurant Group Inc

Carrols Restaurant Group Inc Reports Positive Income, but Faces Profit Downturn and Modest Top-Line Growth

Carrols Restaurant Group Inc, a prominent player in the Restaurants industry, has recently released its financial results for the fiscal period ending December 31, 2023. The company reported a positive income of $0.07 per share, a significant improvement compared to the negative $0.37 per share from the previous year. However, profit plummeted by -64.41% from $0.20 per share in the previous financial reporting period.
Despite the decrease in profit, Carrols Restaurant Group Inc saw a growth in revenue by 5.685% to $470.36 million from $445.06 million in the same period a year ago. This sequential decrease of -1.136% from $475.76 million is a minor setback, but the company is still showing resilience in a challenging market.

Potbelly Corporation

Decrease in Earnings Per Share Despite Revenue Growth for Potbelly Corporation in Q4 2023

Potbelly Corporation, a well-known sandwich chain, recently disclosed its financial results for the period ending December 31, 2023. Despite an increase in revenue by 4.658% to $125.75 million compared to the previous year, the company experienced a decline in income per share by -3.35% to $0.08. This decrease in earnings per share from the prior period could be concerning for investors. However, it is important to note that income per share was $0.09 in the comparable period a year before.
In terms of net profits, Potbelly Corporation saw a slight decrease of -0.11% to $2.751 million in the October to December 31, 2023 timeframe compared to the previous year. The company shifted its focus on improving sales during this period, resulting in a net margin of 2.19%. Additionally, there was a notable increase in operating earnings by 30.25% to $4.224 million.
One positive signal for Potbelly Corporation is the decrease in inventories to $3.5 million in the most recent period, indicating potential for future demand. Furthermore, the buildup in accounts receivable, which were valued at $8.0 million, suggests an increase in demand for the company's products.

Noodles And Company

NDLS Faces Decrease in Income per Share During November to January 02, 2024 Period

BROOMFIELD, Colo., March 07, 2024 - Noodles and Company (Nasdaq: NDLS) reported a significant decline in earnings and profit for the November to January 02, 2024 period compared to the same period a year prior. Earnings per share fell by -57.73% to $0.01 from $0.02, while profit plummeted by -55.24% from $0.02 per share. Revenue also contracted by -4.452% to $130.40 million from $136.47 million a year ago.
The company attributed these declines to the seasonal nature of its business, with inventories declining to $10.3 million from the previous quarter. However, this marks an increase compared to the same period a year ago. The value of accounts receivable is still below the previous year level, but there has been some progress sequentially.






 

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