As the result of strong sales growth during the quarter, Kona Grill (KONA)
has increased its third quarter revenue guidance and now expects revenue to
range between $24.1 million and $24.2 million, which is a $500,000 increase on
the high end of its guidance previously revised on August 1, 2011 (Capital IQ
consensus $23.7 million).
The updated guidance anticipates same-store sales growth of approximately 9%
over the same year-ago quarter, as compared to 6% growth previously forecasted.
Accordingly, the company increased its net income guidance to $0.5 million to
$0.6 million, or $0.05 to $0.06 per share, from the previous guidance of $0.1
million to $0.3 million, or $0.01 to $0.03 per share, consensus $0.03.






