Restaurant Sales Increase 20.6 Percent at Kona Grill
Kona Grill, Inc., an American grill and sushi bar, announced preliminary restaurant sales for the quarter ended December 31. Restaurant sales increased 20.6 percent to $38.1 million, compared to $31.6 million for the same quarter last year. Same-store sales increased 3.2 percent compared to an increase of 3.1 percent in the fourth quarter of 2014.
For fiscal year 2015, restaurant sales increased 20.1 percent to $143 million, compared to $119.1 million for fiscal year 2014. The increase was driven by sales associated with the opening of seven restaurants during 2015, four of which were opened in the fourth quarter, incremental sales from five restaurants opened during 2014 and same-store sales growth of 2 percent.
Berke Bakay, president and CEO of Kona Grill, comments, “We are pleased to drive 3.2 percent same-store sales growth during the fourth quarter, especially given recent trends in the industry. With positive same-store sales growth in 21 of the last 22 quarters, we continue to take market share with our innovative food and drink offerings and contemporary design. Our strong sales momentum, track record of execution and a robust development pipeline make us uniquely positioned as one of the fastest growing and exciting restaurant concepts in the country.”