Kona Grill Folds Weaker Units
Kona Grill Inc. (NASDAQ:KONA) recently shut down one of its underperforming restaurants in Sugar Land, Texas. Since the recent past, the company has embarked upon a strategy to padlock its unprofitable locations. Earlier, in July, the company shut down another underperforming location in West Palm Beach, Florida. Following the closure of Sugar Land, management further [...]
Kona Grill Inc. (NASDAQ:KONA) recently shut down one of its underperforming restaurants in Sugar Land, Texas. Since the recent past, the company has embarked upon a strategy to padlock its unprofitable locations. Earlier, in July, the company shut down another underperforming location in West Palm Beach, Florida.
Following the closure of Sugar Land, management further revised its sales guidance for the third quarter to $23.6–$23.7 million from $24.1–$24.2 million as the unit will henceforth be … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards