SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Non-Tech : Kona Grill Restaurants
KONA 0.0395+71.7%Jan 21 3:00 PM EDT

 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  
To: Labrador who wrote (13)11/3/2005 7:26:20 PM
From: Tom Caruthers  Read Replies (1) of 62
 
KONA came out with earnings today

biz.yahoo.com

In general, I am pleased with the report. Revenues are advancing nicely, as expected with the rollout of new stores with improving operating profit. It's all about having a good concept that can be rolled out broadly, with strong same store sales (showing brand loyalty and confirming the value of the concept), strong revenue growth, ultimately leading to an ability to spread your fixed costs over a larger revenue base, until you become solidly profitable. Yes there will be additional dilution as they raise more money for expansion, but a small price to pay.

Despite the broad range in guidance for 2006, I think it will tend to the low end (i.e. 10-13 cent loss), which is only a $780k loss for the year.

Recent same store sales comps puts KONA in the middle of the pack. Higher end restaurants seem to have done less well - likely impacted from rising energy costs in the third quarter.

KONA: +3.4% (slightly down from 9 months average of 4.6%)
Dennys: +1.5%
PF Changs: MINUS 0.8%
Cheesecake Factory: +0.9%
BJ's: +5.5%
California Pizza Kitchen: +7.1%
McCormick and Schmidts: +3.5%
Brinker: +3.7
Applebees: +0.9%

What are your thoughts?
Tom
Report TOU ViolationShare This Post
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext