Despite what Kona's CEO Marcus E. Jundt called "a challengingeconomic environment," the company posted a 5% same-store salesincrease in the second quarter and earned five cents per share fornet income of $313,000 against a loss of five cents a share in thesame quarter last year.
Kona reported that its same store sale increase reflectedincreased customer traffic coupled with higher menu prices. Totalsales climbed 62.7% to $19.3 million.
Jundt sounded what is becoming a familiar refrain in therestaurant industry, with many companies commenting on tougheconomic conditions when they host their quarterly conference callswith analysts. "Like most restaurant companies, we face highercosts for food and labor when compared with last year," the KonaCEO and president said.
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