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Kona Grill

Financing

Restaurant earnings in brief: Good Times, Bad Daddy, Kona Grill, STK, Freshii

A sampling of recent weeks’ earnings announcements from a variety of small-cap companies and their brands.

Financing

Kona posts 3.9% comp gain under new ownership

Practices from sister brand STK were transplanted into the holding, with stronger than expected results, according to new parent One Group Hospitality.

One Group says it will adopt some of what’s worked for its main concept, STK.

The parties withdrew their lawsuits against each other, clearing the way for a sale of Kona to proceed.

One Group intends to use the concept as a growth vehicle. The deal has yet to be approved by the bankruptcy court overseeing Kona’s operation.

A bankruptcy court has OK'd the sale of 24 restaurants to Williston Holding, the company headed by Marcus Jundt. 

A company operated by Marcus Jundt has a $27 million stalking horse bid to buy the struggling casual-dining chain.

Restaurant operators can learn a lot from the decisions that led the chain to file for bankruptcy, says RB’s The Bottom Line.

Get Top 500 data: sales, units and YOY change, average unit volume, and company/franchise units, as well as Technomic’s analysis, growth forecast and more.

The company closed an additional 15 locations and is up for sale, blaming overly aggressive growth, cost cuts and a stock buyback for its poor finances.

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