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Kona Grill Inc. Message Board

  • coawine1620 coawine1620 Oct 17, 2007 10:23 PM Flag

    Should be an interesting conference call when

    earnings are released. Just by casual observation it seems the last months traffic slowed considerably BUT is picking back up. I was at the Carmel location recently and the patio is closed due to construction (they are making it so you can use that space year around- this could have a short term impact on sales but good for long term). Kona seemed to be, by far, the busiest of any restaurants in the area the several times I have visited. I look for the recently opened locations to have better expected returns, which will make up for some of the light traffic in locations that are having economic difficulties.

    I have been slowly accumulating shares again - would prefer to buy under 17 but with my projection of the stock trading around 30 this time next year I will take what I can get.

    I would appreciate any observations from anyone that has visited other locations - I have been to 4 locations now so take this post for what it is worth (probably not much). About a month ago I had to wait to get a seat on a Wed. then a few weeks later the restaurant was only about half full - this week it was fairly busy again??? Was curious if this was a similar pattern at other locations around the country. Thanks in advance for you input (unless you are reinsurance posting bs).

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    • The unseasonably warm fall is greatly helping extend the "patio" season and continues to drive alcohol sales. Last year was "unseasonably cold. Check national weather archives.

    • I think it is impossible to game sss increases or to guess sales trends by visiting stores a few times a month. But that is just my opinion.

      KONA will certainly have some weak quarters along the way. But so long as the basic story has not changed, such short term issues should not impact the long term story.

    • I agree with your assessment. Not only will the numbers be of interest, this is also the call where they will announce locations for 2008. They have hinted on some of the investor conferences that they will be completing a unit/month next year.

      A question about the patio at Carmel, since they are redoing it to be open all year long,are they also extending it on the side of the building that backs to the parking?
      I made a shameless plea on my post after my visit in July to at least add tables.

      Uncle Bob

      • 3 Replies to newbobe01
      • I have not heard any hinting that they will open a unit a month next year. I think it will be less than that. I would guess 9 units for the year. We will find out a week from monday.

      • No, the sidewalk area is not being utilized. They pulled out the firepit to add a see through gas log fireplace on the end of the the patio. It should be nice- their are large windows that are going to be installed that will either retract or be taken out in the summer.

        I don't think we will see one store a month openings next year - they mentioned they have the capability with their training program to handle that many, but I don't think we will see that until at least '09. Since they also mentioned there would be enough cash to last through '08 it wouldn't be feasible to assume they could open 12 stores with $11 mil. + plust cash flow. My guestimate is 6-8.

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