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The results showed that Kona struggled during the first few months of 2024 as guest traffic dropped by 14% and same-store sales decreased by 9.7%.RELATED: 10 Restaurant Chains Tha
Restaurant founder, Michael McDermott, decided to create Kona Grill with more American-themed menu items. The new restaurant was made to have a modern ambiance. McDermott sold Sushi on Shea in 2002 to focus on expanding Kona Grill. [8] Kona Grill went public on August 16, 2005, with an initial public offering of $11 per share on the NASDAQ. The ...
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Sushi on Shea was sold in 2002 so efforts could be focused on growing Kona Grill. [3] Kona Grill went public on August 16, 2005 with an IPO of 2,875,000 shares at a cost of $11 per share. The company raised $28.8 million and grew its restaurant base to 9 locations by December 31, 2005. [4] [5] By 2014, Kona Grill had grown to 26 restaurants in ...
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[252] 53 more stores were added to the closing list in April 2024. [253] Additional closures continued, nearly fully eradicating the pharmacy's presence in Michigan and Ohio. [254] In September 2024, Rite Aid emerged from bankruptcy as a privately-owned company. [255] Rockport filed for bankruptcy in May 2018. The company that bought the ...
Carrabba’s was actually a bright spot, with same-store sales up 2.5%. The stock price for Bloomin’ rose more than 6% in the past five days, topping $28 at one point.
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related to: the kona grill menu prices in harrisburg pa store closing list