SCOTTSDALE Ariz. Kona Grill Inc., the operator of 20 casual-dining and sushi bar restaurants, reported Tuesday a fourth-quarter loss of $5.4 million on asset impairment charges and negative same-store sales. For the quarter ended Dec. 31, Kona said its same-store sales fell 9.4 percent, compared with a 0.8-percent drop in the same quarter last year. Negative guest traffic was the culprit, the company said. “Our fourth-quarter performance reflects one of the most challenging periods ...
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Contact: Desiree Torres Desiree.Torres@penton.com