Financial

Company Announces Closure of 10 Underperforming Restaurants

Total revenues of $4.9 million, up 35.9% from $3.6 million in the first quarter of 2018. Excluding advertising revenues, revenues grew 30.4% from $3.0 million in first quarter of 2018 to $3.9 million in first quarter of 2019.

Total revenues for the 13 weeks ended March 30, 2019 were $35,311,000 versus $35,276,000 for the 13 weeks ended March 31, 2018.

Domestic Same Store Sales Increases 8.6% GAAP Income from Operations of $1.1 million / Adjusted EBITDA Increases 50%

Total Revenues increased 15% to $27.2 million in Q2

April performance shows further topline acceleration with total CBA depletions up 8%, driven by 16% depletions growth for Kona following Q1 marketing investment

Restaurant sales increased 7.1% to $290.8 million from $271.6 million in the prior year quarter; Comparable restaurant sales increased 2.4% compared to a 6.2% increase in the prior year quarter

Revenue increased 8.8% to $102.1 million from $93.9 million in the first quarter of 2018. Comparable restaurant sales increased 3.2%.

Comparable sales continue to trend positive in the second quarter, up 7.7% before Easter shift and 4.6% after, with both traffic and average ticket up

System-wide North America comparable sales decrease of 6.9%