ARKR

Shares of Ark Restaurants Corp. ARKR have lost 10.9% since the company reported results for the quarter ended March 28, 2026, underperforming the S&P 500 Index’s 0.01% gain during the same period. Over the past month, the stock lost 3.8% against the S&P 500’s 4.9% increase. Ark Restaurants reported a narrower second-quarter fiscal 2026 loss as revenue declined amid weaker customer traffic and continued uncertainty surrounding its Bryant Park leases. Net loss attributable to ARKR improved to $1.8 million, or 50 cents per share, from $9.3 million, or $2.57 per share, in the year-ago quarter. Total revenues fell 7.9% year over year to $36.6 million from $39.7 million, while same-store sales declined 7.6%. Food and beverage sales dropped 7.6% to $36.1 million from $39.1 million. By region, same-store sales in New York decreased 12.3%, Washington, D.C. fell 18.7%, Las Vegas declined 6.6%, Florida dropped 8.3% and Atlantic City slid 10.8%, while Alabama posted a 2.1% increase. Management said consumer spending softness continued to weigh on traffic trends across most operating regions. Chairman and CEO Michael Weinstein noted on the earnings call that menu pricing remained largely stable, but Ark Restaurants continued losing lower-income customers pressured by higher living costs, grocery prices and fuel expenses. ARKR attributed Las Vegas weakness largely to lower revenues at its America restaurant due to partial closures tied to renovations, while New York results were hurt by declining catered events and a la carte sales at Bryant Park Grill and Bryant Park Café amid ongoing lease litigation and unfavorable winter weather. Washington, D.C. sales suffered from lower traffic at the surrounding complex, while Florida operations faced intensified competition and softer demand. Despite the sales decline, operating loss improved significantly to $1.7 million from $4.6 million a year earlier, helped by the absence of prior-year goodwill impairment charges. Excluding non-recurring items, adjusted operating loss narrowed year over year to $1.1 million from $1.3 million. General and administrative expenses fell 28.7% to $2.4 million from $3.3 million, while payroll expenses declined 5.3% to $13.6 million from $14.4 million. However, occupancy expenses rose 11.5% to $6.2 million from $5.5 million, partly due to a $566,000 prepaid rent write-off tied to Bryant Park propert...

NEW YORK (AP) — NEW YORK (AP) — Ark Restaurants Corp. (ARKR) on Monday reported a loss of $1.8 million in its fiscal second quarter. The New York-based company said it had a loss of 50 cents per share. The restaurant and bar operator posted revenue of $36.6 million in the period. Ark Restaurants shares have risen 4.5% since the beginning of the year. In the final minutes of trading on Monday, shares hit $7.01, a decrease of 37% in the last 12 months. _____ This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on ARKR at https://www.zacks.com/ap/ARKR

Image source: The Motley Fool. Tuesday, May 12, 2026 at 11 a.m. ET Chief Financial Officer — Anthony J. Sirica Chairman and Chief Executive Officer — Michael Weinstein Anthony J. Sirica: Good morning, everybody. As always, Michael will discuss the business and Bryant Park and the Meadowlands situation. As far as the balance sheet goes, we did draw down 5 million before the end of the quarter to finance our leasehold improvements in Las Vegas. Our cash at the end of the quarter was $11.05, and our debt was 7.6. Other than that, the balance sheet remains very stable. And in good shape. that is really, it is pretty uneventful as far as the balance sheet goes. Michael Weinstein: This is Michael. I will just do a brief review of what is going on. it is sort of a repeat of the last quarter and the quarter before that. We have not increased prices. By any measurable amount. There are certain increases on certain items, but the menu pricing remains pretty much stable. We are challenged with sales everywhere. Essentially, the check averages remain pretty much the same. But we are losing what we consider the bottom end of our business with people who are being challenged by their own home expenses. and prices at grocery stores and gas prices, etcetera. it is pretty much across the board. The Vegas sales are down about 11%. Which is sort of in line with City of sin in terms of citizenships. However, our cash flow there has actually improved as we have gotten better at managing payroll expenses and certain other expenses. We are really very well managed there. In Florida, everything's down 10%. We check with other operators and vendors and they are pretty much in line with all restaurants. Washington DC, same situation down 5% in sales. But, again, we are we have new management there. We are operating more efficiently with less payroll. So we are actually running a little bit ahead of last year in terms of not having the losses we had last year. New York, Roger is doing very well. We challenged with events at Bryant Park because of litigation that we are going through. We are still very profitable. But our litigation expenses offset a good portion of the debt profitability. So all in all, not much different from the last quarter. it is just a sales problem. I would say to you that overall, we are very pleased with the product we are putting out. Services, food, We are h...

NEW YORK, May 11, 2026--(BUSINESS WIRE)--Ark Restaurants Corp. (NASDAQ:ARKR) today reported financial results for the second quarter ended March 28, 2026. "The current quarter net loss attributable to Ark Restaurants Corp. was $(1,808,000) or $(0.50) per basic and diluted share compared to a net loss of $(9,258,000) or $(2.57) per basic and diluted share in the prior year comparable quarter. Additionally, earnings before interest, taxes, depreciation and amortization ("EBITDA"), as adjusted, of $(592,000) for the current quarter increased approximately $100,000 as compared to EBITDA, as adjusted, of $(691,000) in the prior year comparable quarter," said Michael Weinstein, Chairman and Chief Executive Officer. "As stated in prior quarters, our business, both catered events and a la carte, at the Bryant Park Grill and the Bryant Park Café continued to suffer due in large part to the uncertainty of our lease situation which has created confusion in the marketplace as many visitors and residents were led to believe that the restaurant was closed. Robert in NYC continues to perform better than last year. The D.C. market continues to be a difficult environment for us and most restaurants, but we remain committed to this location. Our operations at the New York-New York Hotel and Casino in Las Vegas continue to show increased cash flow despite lower customer traffic on the Las Vegas Strip and our Florida revenues continue to be challenged by the economic climate. Further, our balance sheet remains strong, supporting future growth." Financial Results As of March 28, 2026, the Company had cash and cash equivalents of $11,487,000 and total outstanding debt of $7,553,000. Total revenues for the 13 weeks ended March 28, 2026 were $36,584,000 versus $39,725,000 for the 13 weeks ended March 29, 2025 as same-store sales declined 7.6%. Total revenues for the 26 weeks ended March 28, 2026 were $77,333,000 versus $84,714,000 for the 26 weeks ended March 29, 2025. The 26 weeks ended March 29, 2025 includes revenues of $974,000 related to the Tampa Food Court which was closed on December 19, 2024. Excluding revenues related to the Tampa Food Court, revenues for the 26 weeks ended March 29, 2025 were $83,740,000. Excluding revenues related to the Tampa Food Court, Company-wide same store sales declined 7.5% for the 26 weeks ended March 28, 2026, as compared to the same period of...

This article first appeared on GuruFocus. Adjusted EBITDA: Improved by approximately $150,000 compared to the previous year. Cash Balance: $9 million and change. Debt: $3 million. Las Vegas Operations: Performing well despite the strip being down 11%. Florida Restaurants Revenue: Down 10% to 13%. Hollywood Fast Food at Hard Rock: Continues to perform extremely well. Sequoia in Washington: New management in place, showing potential for improvement. New York, Bryant Park: Litigation impacting event business, but improvement expected. Warning! GuruFocus has detected 2 Warning Signs with ARKR. Is ARKR fairly valued? Test your thesis with our free DCF calculator. Release Date: February 10, 2026 For the complete transcript of the earnings call, please refer to the full earnings call transcript. Ark Restaurants Corp (NASDAQ:ARKR) reported an improvement in adjusted EBITDA, which was approximately $150,000 better than the previous year. The company's operations in Las Vegas are performing well, with better results despite a general downturn on the strip. Ark Restaurants Corp (NASDAQ:ARKR) has been efficient in managing costs, with a noticeable decrease in operating line costs such as food, beverage, and payroll. The Hollywood fast food operations in the Hard Rock are doing extremely well, contributing positively to the company's performance. The company is seeing potential expansion opportunities in Las Vegas, which could lead to future growth. Ark Restaurants Corp (NASDAQ:ARKR) is experiencing a significant cash outflow due to the build-out of the America restaurant and litigation expenses at Bryant Park. The Florida restaurants have been underperforming, with revenues down by 10% to 13%, impacting overall margins. The company is facing challenges in New York due to ongoing litigation at Bryant Park, which is affecting event bookings. Weather conditions have negatively impacted operations in Florida, with some restaurants experiencing a 40% drop in revenue. There is potential dilution of ownership in the Meadowlands project, which could affect Ark Restaurants Corp (NASDAQ:ARKR)'s stake in future casino operations. Q: It looks like your operating costs decreased in food, beverage, and payroll. Have you raised menu prices, and has this affected traffic? A: Michael Weinstein, CEO: It's hard to say if traffic was affected due to various factors like weather. We haven't...

Shares of Ark Restaurants Corp. ARKR have lost 2.3% since the company reported results for the quarter ended Dec. 27, 2025, underperforming the S&P 500 Index, which fell 1.6% over the same period. Over the past month, however, the stock has gained 4.3%, outperforming the broader market’s 1.9% decline. For the first quarter of fiscal 2026, Ark Restaurants reported total revenues of $40.7 million, down 9.4% from $44.9 million in the prior-year period. Excluding $998,000 in revenues related to the Tampa Food Court that was closed on Dec. 19, 2024, prior-year revenues were $43.9 million, implying a decrease of about 7.4% on a comparable basis. Company-wide same-store sales, excluding Tampa, fell 7.3% year over year, primarily due to lower catering and à la carte revenue at Bryant Park Grill & Café and reduced revenues at the America property in Las Vegas amid partial renovations. Net income attributable to Ark Restaurants dropped sharply to $0.9 million, or $0.25 per diluted share, from $3.2 million, or $0.88 per diluted share, in the year-ago quarter, representing declines of 71.7% in net income and 71.6% in earnings per share. Operating income fell 80.8% to $1.1 million from $5.7 million a year earlier. Adjusted EBITDA, however, rose 10.9% to $1.5 million from $1.4 million, reflecting the absence of certain one-time items that boosted the prior-year period. Cost controls were evident across several expense categories. Food and beverage costs declined 11.9% to $10.7 million from $12.1 million, while payroll expenses decreased 13.4% to $14.2 million from $16.4 million. Occupancy and other operating costs also trended lower year over year. The prior-year quarter included a $5.2 million gain on the termination of the Tampa Food Court lease and a $146,000 loss on the closure of El Rio Grande, which did not recur this quarter. The absence of the lease termination gain weighed heavily on year-over-year profit comparisons. Depreciation and amortization also declined 21.5% to $0.6 million from $0.8 million. Management indicated during the earnings call that ARKR has focused on efficiency initiatives, including reengineering menu items and reducing overtime, to help control labor expenses. Ark Restaurants ended the quarter with $9.1 million in cash and cash equivalents and total outstanding debt of $2.9 million, indicating a solid liquidity position. Ark Restaurants Cor...

NEW YORK (AP) — NEW YORK (AP) — Ark Restaurants Corp. (ARKR) on Monday reported fiscal first-quarter earnings of $896,000. On a per-share basis, the New York-based company said it had profit of 25 cents. The restaurant and bar operator posted revenue of $40.7 million in the period. Ark Restaurants shares have risen nearly 1% since the beginning of the year. In the final minutes of trading on Monday, shares hit $6.75, a fall of 47% in the last 12 months. _____ This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on ARKR at https://www.zacks.com/ap/ARKR

Las Vegas operations outperformed the broader market, showing growth and increased efficiency despite an 11% decline in overall Strip performance. Florida full-service restaurants experienced a 10% to 13% revenue decline, attributed to inflationary cost pressures and significant weather-related traffic disruptions. Management is prioritizing operational efficiency, including menu re-engineering and payroll optimization, to protect margins without relying on aggressive price hikes. The Sequoia location in Washington D.C. is undergoing a management transition to address a difficult local environment and underperforming development project. Cash reserves were temporarily pressured by mandatory lease-related renovations at the New York-New York Hotel & Casino and high legal fees from the Bryant Park dispute. The Hollywood fast-food operations within the Hard Rock continue to show strong performance, contrasting with the softness seen in full-service Florida venues. Management expects the company's cash position to improve following the April opening of the newly renovated America facility in Las Vegas. The March quarter is historically the annual low point for cash, with a projected recovery in liquidity starting in the subsequent months. Event and corporate social booking revenues are expected to improve this year as the company regains momentum despite the public nature of its litigation. A potential casino referendum for Northern New Jersey is being explored, with current public sentiment surveys determining if a November ballot initiative is viable. The company is actively seeking expansion opportunities in the Las Vegas market based on the success of current operational efficiencies. Ongoing litigation regarding the Bryant Park lease continues to impact event bookings and requires significant legal expenditure. Extreme weather in Florida and the Northeast during the first two weeks of the quarter caused traffic drops as high as 40% at some locations. Potential future dilution of the company's 8% stake in the Meadowlands is anticipated depending on the capital requirements of a casino license. Specific commodity volatility, such as King Crab legs increasing from $99 to $235, necessitates selective menu adjustments to maintain margins. Our analysts just identified a stock with the potential to be the next Nvidia. Tell us how you invest and we'll show you why...

NEW YORK, February 09, 2026--(BUSINESS WIRE)--Ark Restaurants Corp. (NASDAQ:ARKR) today reported financial results for the first quarter ended December 27, 2025. "The current quarter Earnings before Interest, Taxes, Depreciation and Amortization ("EBITDA"), as adjusted, of $1,529,000, increased approximately $150,000 as compared to EBITDA, as adjusted, of $1,378,000 in the prior year comparable quarter and Net income attributable to Ark Restaurants Corp. for the current quarter was $896,000 or $0.25 per basic and diluted share compared to net income of $3,164,000 or $0.88 per basic and diluted share, in the prior year comparable quarter," said Michael Weinstein, Chairman and Chief Executive Officer. "As stated in prior quarters, our business, both catered events and a la carte, at the Bryant Park Grill & Café continued to suffer due in large part to the uncertainty of our lease situation which has created confusion in the marketplace as many visitors and residents were led to believe that the restaurant was closed. In addition, the D.C. market has been a difficult environment for us and most restaurants, but we remain committed to this location. The rest of our portfolio performed well. Significantly, our operations at the New York-New York Hotel and Casino in Las Vegas continued to show increased cash flow despite lower customer traffic on the Las Vegas Strip. Our Rustic Inn property in Florida and Robert in NYC continue to perform better than last year and the rest of our portfolio restaurants continue to meet expectations. Further, our balance sheet remains strong, supporting future growth." Financial Results As of December 27, 2025, the Company had cash and cash equivalents of $9,139,000 and total outstanding debt of $2,987,000. Total revenues for the 13 weeks ended December 27, 2025 were $40,749,000 versus $44,988,000 for the 13 weeks ended December 28, 2024. The 13 weeks ended December 28, 2024 includes revenues of $998,000 related to the Tampa Food Court which was closed on December 19, 2024. Excluding revenues related to the Tampa Food Court, revenues for the 13 weeks ended December 28, 2024 were $43,990,000. Excluding revenues related to the Tampa Food Court, Company-wide same store sales decreased 7.3% for the 13 weeks ended December 27, 2025, as compared to the same period of the prior year. This decrease is attributable primarily to decreases in...

Shares of Ark Restaurants Corp. ARKR have lost 3.6% since the company reported earnings for the quarter ended Sept. 27, 2025. This compares unfavorably with the S&P 500 Index’s 2.3% gain over the same time frame. Over the past month, the stock has lost 10.3% versus the S&P 500’s 8.1% rise. For the fourth quarter of fiscal 2025, Ark Restaurants reported total revenues of $37.3 million, down 14% year over year from $43.4 million. Excluding revenues from El Rio Grande and the Tampa Food Court, which were no longer contributing, comparable revenues also showed weakness. The company posted a net loss attributable to ARKR of $1.9 million, or a loss of $0.53 per share compared with a net loss of $4.5 million, or a loss of $1.24 per share in the prior-year quarter, marking a notable improvement in per-share results despite lower sales. Adjusted EBITDA swung to a negative $1.1 million from positive adjusted EBITDA of $0.5 million a year earlier. For the full fiscal year, revenues declined 9.7% to $165.8 million from $183.5 million, while the net loss widened to $11.5 million, or $3.18 per share, from $3.9 million, or $1.08 per share, in fiscal 2024, largely due to impairment charges and litigation-related costs. Same-store sales trends remained weak. Excluding the closed El Rio Grande and the Tampa Food Court, companywide same-store sales declined 10.1% for the 13-week period and 4.2% for the full fiscal year. Management attributed much of this softness to lower catering and à la carte revenues at the Bryant Park Grill, as well as reduced traffic on the Las Vegas Strip. For the full fiscal year, adjusted EBITDA declined 77% to $1.4 million from $6.1 million in fiscal 2024, underscoring the cumulative impact of litigation costs, lower volumes and challenging demand conditions. From a balance sheet perspective, Ark Restaurants ended the quarter with cash and cash equivalents of $11.3 million and total debt of $3.6 million. Management described liquidity as stable compared with the prior year, providing some financial flexibility despite ongoing operating losses. Ark Restaurants Corp. price-consensus-eps-surprise-chart | Ark Restaurants Corp. Quote Management commentary focused heavily on operational divergence across the portfolio and on external challenges. Chairman and CEO Michael Weinstein emphasized that litigation related to the Bryant Park Grill and The Porch at...