Ark Restaurants Corporation (ARKR)

Ark Restaurants Announces Financial Results for the Second Quarter of 2026May 11, 2026 4:55 PM
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 the prior year. The Company's EBITDA, as adjusted, for the 13 weeks ended March 28, 2026 was $(592,000) versus $(691,000) for the 13 weeks ended March 29, 2025 and excludes a goodwill impairment charge in the amount of $3,440,000 for the 13 weeks ended March 29, 2025, and the other items as set out in the table at the end of this news release. Net loss attributable to Ark Restaurants Corp. for the 13 weeks ended March 28, 2026, was $(1,808,000) or $(0.50) per basic and diluted share compared to a net loss, which includes a full valuation allowance related to our deferred tax assets in the amount of $4,799,000, of $(9,258,000) or $(2.57) per basic and diluted share for the 13 weeks ended March 29, 2025. The Company's EBITDA, as adjusted, for the 26 weeks ended March 28, 2026 was $939,000 versus $688,000 for the 26 weeks ended March 29, 2025 and excludes: (i) a gain on the closure of the Tampa Food Court, net of non-controlling interests, in the amount of $3,365,000 for the 26 weeks ended March 29, 2025, (ii) a goodwill impairment charge in the amount of $3,440,000 for the 26 weeks ended March 29, 2025, and (iii) the other items as set out in the table below. Net loss attributable to Ark Restaurants Corp. for the 26 weeks ended March 28, 2026, was $(912,000) or $(0.25) per basic and diluted share compared to a net loss, which includes a full valuation allowance related to our deferred tax assets in the amount of $4,799,000, of $(6,094,000) or $(1.69) per basic and diluted share for the 26 weeks ended March 29, 2025. EBITDA is a Non-GAAP Financial Measure; accordingly, please see the table attached to this news release for the details of the adjustments made in arriving at EBITDA, as adjusted, for each period presented and "Non-GAAP Financial Information" at the end of this news release. Other Matters Bryant Park Grill, Bryant Park Café and The Porch at Bryant Park Leases The Company’s lease agreements for the Bryant Park Grill, the Bryant Park Café and The Porch at Bryant Park expired in April 2025 and March 2025, respectively. In response to requests for proposals issued by the landlord in 2023, the Company submitted bids for new long-term agreements. In the second quarter of 2025, the landlord publicly announced the selection of a new operator for both locations; however, as of the date of this press release, the required approvals from the City of New York Department of Parks & Recreation and the New York Public Library have not been obtained, and no new lease has become effective. The Company has initiated legal proceedings in the New York State Supreme Court (the "Court") challenging the lease award process and asserting its contractual rights, including its right of first lease for the Bryant Park Café. The litigation remains ongoing, with discovery continuing and motions pending, including a motion for summary judgment filed by the landlord. The motion and cross-motion for summary judgment have been scheduled for oral argument before the Court on June 16, 2026 . In addition, the Court has scheduled a pre-trial conference for September 22, 2026. As of the date of this filing, we continue to make court ordered use and occupancy payments while we operate the above properties and intend to do so until we are either awarded the lease extensions or ordered to vacate the premises. Management is unable to predict the outcome of the litigation at this time. The Bryant Park Grill, the Bryant Park Café and The Porch at Bryant Park represented a significant portion of the Company’s revenues, accounting for approximately 13.3% and 15.0% of total revenue for the 26 weeks ended March 28, 2026 and March 29, 2025, respectively. The ongoing uncertainty related to this dispute has had, and is expected to continue to have, a material adverse effect on the Company’s business, financial condition, and results of operations while the matter remains unresolved and if the Company is ultimately unable to retain these locations on favorable terms, or at all. Historically, the Company has made rent payments related to the Bryant Park Grill and the Bryant Park Café based on prior year sales as required in the relevant agreements. As a result of the decline in sales due to the above litigation, such payments were in excess of the contractual minimums and were recorded as prepaid rent as they were expected to be applied against future lease obligations or otherwise recovered. However, based on the status of ongoing legal proceedings, and in consultation with external legal counsel, management determined during the current period that the prepaid rent balance is not probable of recovery. As a result, during the 13 weeks ended March 28, 2026, the Company recorded a charge of $566,000 to write off the amount of prepaid rent, which is included in occupancy expenses in the accompanying consolidated condensed statements of operations. Were the Company to prevail in its litigation, it is possible these amounts could be recovered. Investment in and Receivable From New Meadowlands Racetrack LLC ("NMR") NMR has been actively pursuing a full casino license (including slots and table games like blackjack and roulette) to supplement its existing horse racing and sports betting operations. Any gaming license in the State of New Jersey outside of Atlantic City, including at the Meadowlands Racetrack, requires ratification of an amendment to the State of New Jersey constitution, followed by issuance of a license by the New Jersey Casino Control Commission. In January 2026, the New Jersey Senate Government, Wagering, Tourism & Historic Preservation Committee proposed a constitutional amendment to allow the legislature to authorize casino gambling at both the Monmouth Park and Meadowlands Racetracks. Such amendment will require a three-fifths vote in both legislative chambers followed by a voter referendum in a general election before becoming law. To date, no vote on this amendment has been scheduled by the state legislature; however, the deadline for submission of proposed amendments to the State of New Jersey Constitution to be voted upon at the November 2026 general election is August 3, 2026. If this were to happen and the voting results were favorable, NMR could possibly open a temporary facility in early 2027 and a permanent one by 2028. The Company evaluated its investment in NMR for impairment and concluded that its fair value exceeds the carrying value. Accordingly, the Company did not record any impairments during the 13 and 26 weeks ended March 28, 2026 and March 29, 2025. Any future changes in the carrying value of our investment in NMR will be reflected in earnings. The Company’s investment in NMR is subject to a high degree of uncertainty. Any potential future expansion of gaming operations at the Meadowlands, including the approval of casino gaming, would require legislative action, voter approval and regulatory approvals, none of which are within the Company’s control and none of which can be assured. The realization of any potential benefit from this investment is dependent on factors that are inherently uncertain and may not occur within a predictable timeframe, if at all. In addition, NMR may require significant additional capital in connection with any future development efforts, including funding for potential referendum-related activities. To the extent the Company does not participate in such funding, or if NMR raises capital from third parties, the Company’s ownership interest may be diluted. If the contemplated expansion of gaming operations is not approved or is delayed, the value of the investment will continue to be based solely on NMR’s existing operations, which may not support the current carrying value of the investment. In such circumstances, the Company may be required to evaluate the investment for impairment, and any resulting charge could be material. The Company does not rely on NMR to fund its operations, meet its liquidity needs or drive its near-term financial performance. Conference Call and Webcast Information Ark Restaurants will host a conference call on May 12, 2026 at 11:00 a.m. Eastern Time to review these results and discuss other topics. The dial-in numbers to participate in the conference call are the following: Toll-Free: 1-877-407-4018 Toll/International: 1-201-689-8471 A participant webcast of the call will be available by copying and pasting the following Call me™ URL into your browser: https://callme.viavid.com/viavid/?callme=true&passcode=13760585&h=true&info=company&r=true&B=6 Participants can use the Guest dial-in numbers noted above and be answered by an operator OR click the Call me™ link for instant telephone access to the event. Please note the Call me™ link will be made active 15 minutes prior to scheduled start time. A live listen-only webcast of the call will be available by copying and pasting the following URL into your browser: https://viavid.webcasts.com/starthere.jsp?ei=1762849&tp_key=d42b70a555 A replay will be available approximately three hours following the call by dialing toll-free 1-844-512-2921 (Toll/International: 1-412-317-6671) using Access ID 13760585. The replay will be available until Tuesday, May 19, 2026, 11:59 p.m. Eastern Time. About Ark Restaurants Corp. Ark Restaurants owns and operates 16 restaurants and bars, 12 fast food concepts and catering operations primarily in New York City, Florida, Washington, DC, Las Vegas, Nevada and the gulf coast of Alabama. Three restaurants are located in New York City, one is located in Washington, DC, five are located in Las Vegas, Nevada, one is located in Atlantic City, New Jersey, four are located on the east coast of Florida and two are located on the Gulf Coast of Alabama. The Las Vegas operations include four restaurants within the New York-New York Hotel & Casino Resort and operation of the hotel's room service, banquet facilities, employee dining room and six food court concepts and one restaurant within the Planet Hollywood Resort and Casino. In Atlantic City, New Jersey, the Company operates a restaurant in the Tropicana Hotel and Casino. The Florida operations include the Rustic Inn in Dania Beach, Shuckers in Jensen Beach, JB’s on the Beach in Deerfield Beach, Blue Moon Fish Company in Lauderdale-by-the-Sea and the operation of six fast food facilities in Hollywood at the Hard Rock Hotel and Casino operated by the Seminole Indian Tribe. In Alabama, the Company operates two Original Oyster Houses, one in Gulf Shores and one in Spanish Fort. Cautionary Note Regarding Forward-Looking Statements Certain statements in this press release may be considered “forward-looking statements” within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. Forward-looking statements generally relate to future events or the Company’s future financial or operating performance and may be identified by words such as “may,” “should,” “expect,” “intend,” “will,” “estimate,” “anticipate,” “believe,” “predict,” or similar words. Such statements include, but are not limited to, statements about the Company’s future financial or operating performance, statements about Bryant Park Grill and the Bryant Café and The Porch at Bryant Park, including the Company’s plan to operate the restaurants until the Company is either awarded the lease extensions or ordered to vacate the premises and the Company’s expectation of pursuing all available options to protect the Company’s interests, statements about the Company’s ability to realize the benefits expected from its investment in New Meadowlands Racetrack LLC, and any indication that the Company may be able to sustain or increase its sales, earnings or earnings per share, or its sales, earnings or earnings per share growth rates. Such forward-looking statements are based upon assumptions made by the Company as of the date hereof and are subject to risks, uncertainties, and other factors that could cause actual results to differ materially from those expressed or implied by such forward-looking statements. Factors that may cause actual results to differ materially from current expectations include, but are not limited to: (i) the adverse impact of the current political climate and current and future economic conditions, including inflation, on our: (a) operating results, cash flows and financial condition; (b) ability to comply with the terms and covenants of our debt agreements; (c) ability to pay or refinance our existing debt or to obtain additional financing; and (d) projected cash flows used in assessing assets for impairment, (ii) our ability to open new restaurants in new and existing markets, including difficulty in finding sites and in negotiating acceptable leases, (iii) vulnerability to changes in consumer preferences and economic conditions, (iv) our ability to extend existing leases on favorable terms, if at all, (v) our ability to renew expired leases on favorable terms, if at all, including for Bryant Park Grill and the Bryant Park Café which expired on April 30, 2025 and for The Porch at Bryant Park which expired on March 31, 2025, (vi) our ability to realize the expected benefits associated with our investment in the New Meadowlands Racetrack LLC, if at all, and (vii) other risks and uncertainties set forth in the sections entitled “Special Note Regarding Forward-Looking Statements” in the Company's filings with the Securities and Exchange Commission ("SEC"), which are available on the SEC's website at www.sec.gov. The Company expressly disclaims any obligation or undertaking to release publicly any updates or revisions to any such statement to reflect any change in the Company’s expectations or any change in events, conditions, or circumstances on which any such statement is based. Forward-looking statements are also subject to the risks and other issues described below under “Non-GAAP Financial Information,” which could cause actual results to differ materially from current expectations included in the Company’s forward-looking statements included in this press release. Non-GAAP Financial Information This news release includes non-generally accepted accounting principles ("GAAP") performance measures. Although EBITDA is not a measure of performance or liquidity calculated in accordance with GAAP, the Company believes the use of this non-GAAP financial measure enhances an overall understanding of the Company's past financial performance, as well as providing useful information to the investor because of its historical use by the Company as both a performance measure and measure of liquidity, and the use of EBITDA by virtually all companies in the restaurant sector as a measure of both performance and liquidity. However, investors should not consider this measure in isolation or as a substitute for net income (loss), operating income (loss), cash flows from operating activities or any other measure for determining the Company's operating performance or liquidity that is calculated in accordance with GAAP, as it may not necessarily be comparable to similarly titled measures employed by other companies. ARK RESTAURANTS CORP. Consolidated Condensed Statements of Operations For the 13- and 26-week periods ended March 28, 2026 and March 29, 2025 (In Thousands, Except per share amounts)     13 Weeks Ended March 28, 2026   13 Weeks Ended March 29, 2025   26 Weeks Ended March 28, 2026   26 Weeks Ended March 29, 2025                   TOTAL REVENUES   $ 36,584     $ 39,725     $ 77,333     $ 84,714   COSTS AND EXPENSES:                 Food and beverage cost of sales     10,398       11,484       21,061       23,591   Payroll expenses     13,647       14,415       27,856       30,823   Occupancy expenses     6,170       5,536       11,849       11,684   Other operating costs and expenses     5,076       5,584       10,393       11,384   General and administrative expenses     2,368       3,322       5,544       6,470   Depreciation and amortization     582       701       1,193       1,479   (Gain) loss on closure of El Rio Grande     —       (140 )     —       5   Gain on termination of Tampa Food Court lease     —       —       —       (5,235 ) Goodwill impairment     —       3,440       —       3,440   Total costs and expenses     38,241       44,342       77,896       83,641   OPERATING INCOME (LOSS)     (1,657 )     (4,617 )     (563 )     1,073   OTHER (INCOME) EXPENSE:                 Interest expense, net     49       93       111       204   Gain on sale of condominium     (7 )     —       (135 )     —   Total other (income) expense, net     42       93       (24 )     204   INCOME (LOSS) BEFORE PROVISION (BENEFIT) FOR INCOME TAXES     (1,699 )     (4,710 )     (539 )     869   Provision (benefit) for income taxes     (6 )     4,434       52       4,938   CONSOLIDATED NET LOSS     (1,693 )     (9,144 )     (591 )     (4,069 ) Net income attributable to non-controlling interests     (115 )     (114 )     (321 )     (2,025 ) NET LOSS ATTRIBUTABLE TO ARK RESTAURANTS CORP.   $ (1,808 )   $ (9,258 )   $ (912 )   $ (6,094 )                   NET LOSS ATTRIBUTABLE TO ARK RESTAURANTS CORP. PER COMMON SHARE:                 Basic   $ (0.50 )   $ (2.57 )   $ (0.25 )   $ (1.69 ) Diluted   $ (0.50 )   $ (2.57 )   $ (0.25 )   $ (1.69 )                   WEIGHTED AVERAGE NUMBER OF COMMON SHARES OUTSTANDING:                 Basic     3,606       3,605       3,606       3,604   Diluted     3,606       3,605       3,606       3,604                     EBITDA Reconciliation:                 Income (loss) before provision (benefit) for income taxes   $ (1,699 )   $ (4,710 )   $ (539 )   $ 869   Depreciation and amortization     582       701       1,193       1,479   Interest expense, net     49       93       111       204   EBITDA   $ (1,068 )   $ (3,916 )   $ 765     $ 2,552   EBITDA, adjusted:                 EBITDA   $ (1,068 )   $ (3,916 )   $ 765     $ 2,552   Non-cash stock option activity     32       39       64       81   Write-off of prepaid rent     566       —       566       —   (Gain) loss on closure of El Rio Grande     —       (140 )     —       5   Gain on termination of Tampa Food Court lease, net of non- controlling interests     —       —       —       (3,365 ) Goodwill impairment     —       3,440       —       3,440   Gain on sale of condominium     (7 )     —       (135 )     —   Net income attributable to non-controlling interests     (115 )     (114 )     (321 )     (2,025 ) EBITDA, as adjusted   $ (592 )   $ (691 )   $ 939     $ 688     View source version on businesswire.com: https://www.businesswire.com/news/home/20260511222704/en/ Anthony J. Sirica
(212) 206-8800
ajsirica@arkrestaurants.com Original: Ark Restaurants Announces Financial Results for the Second Quarter of 2026

Ark Restaurants Announces Financial Results for the First Quarter of 2026February 9, 2026 4:20 PM
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 both catering and a la carte revenue at the Bryant Park Grill as a result of the negative publicity related to our dispute with the landlord and lower revenues at our America property in Las Vegas as a result of partial closure for renovations.


The Company's EBITDA, as adjusted, for the 13 weeks ended December 27, 2025 was $1,529,000 versus $1,378,000 for the 13 weeks ended December 28, 2024. Net income attributable to Ark Restaurants Corp. for the 13 weeks ended December 27, 2025, 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 for the 13 weeks ended December 28, 2024.


EBITDA is a Non-GAAP Financial Measure, accordingly, please see the table attached to this news release for the details of the adjustments made in arriving at EBITDA, as adjusted, for each period presented and "Non-GAAP Financial Information" at the end of this news release.


Other Matters


Bryant Park Grill & Cafe and The Porch at Bryant Park Leases


The Company’s lease agreements for the Bryant Park Grill & Café and The Porch at Bryant Park expired in April 2025 and March 2025, respectively. In response to requests for proposals issued by the landlord in 2023, the Company submitted bids for new long-term agreements. In the second quarter of 2025, the landlord publicly announced the selection of a new operator for both locations; however, as of the date of this filing, the required approvals from the City of New York Department of Parks & Recreation and the New York Public Library have not been obtained, and no new lease has become effective.


The Company has initiated legal proceedings in New York State Supreme Court challenging the lease award process and asserting its contractual rights, including its right of first lease for the Bryant Park Café. The litigation remains ongoing, with discovery continuing and motions pending, including a motion for summary judgment filed by the landlord. While the court has required the Company to make use and occupancy payments during the pendency of the case, the Company continues to operate both restaurants and intends to do so unless it is ordered to vacate or is awarded lease extensions.


Management is unable to predict the outcome of the litigation at this time. The Bryant Park Grill & Café and The Porch at Bryant Park represented a significant portion of the Company’s revenues, accounting for approximately 19.5% and 22.3% of total revenue for the 13 weeks ended December 27, 2025 and December 28, 2024, respectively. The ongoing uncertainty related to this dispute has had, and is expected to continue to have, a material adverse effect on the Company’s business, financial condition, and results of operations while the matter remains unresolved and if the Company is ultimately unable to retain these locations on favorable terms, or at all.


Investment in and Receivable From New Meadowlands Racetrack LLC ("NMR")


NMR has been actively pursuing a full casino license (including slots and table games like blackjack and roulette) to supplement its existing horse racing and sports betting operations. Any gaming license in the state of New Jersey outside of Atlantic City, including at the Meadowlands Racetrack, requires ratification of an amendment to the State of New Jersey constitution, followed by issuance of a license by the New Jersey Casino Control Commission. In January 2026, the New Jersey Senate Government, Wagering, Tourism & Historic Preservation Committee proposed a constitutional amendment to allow the legislature to authorize casino gambling at both the Monmouth Park and Meadowlands Racetracks. Such amendment will require a three-fifths vote in both legislative chambers followed by a voter referendum in a general election before becoming law. It is possible that a referendum could be on the ballot in November 2026 and if it were to pass, NMR could open a temporary facility in 2027 and a permanent one by 2028.


In conjunction with such referendum, NMR will need to raise substantial capital to fund a marketing campaign to support the passage of the referendum. To the extent the Company does not contribute to this effort, or if NMR raises outside capital, our interests will be diluted.


There can be no assurances that above referendum will be included in the November 2026 election ballot or that it will pass if it is included. If either of these do not occur, the Company’s investment in NMR will be evaluated based on the existing horse racing and sports betting operations and may be subject to substantial impairment.


Conference Call and Webcast Information


Ark Restaurants will host a conference call on February 10, 2026 at 11:00 a.m. Eastern Time to review these results and discuss other topics.


The dial-in numbers to participate in the conference call are the following:


Toll-Free: 1-877-407-4018


Toll/International: 1-201-689-8471


A participant webcast of the call will be available by copying and pasting the following URL into your browser: https://callme.viavid.com/viavid/?callme=true&passcode=13716421&h=true&info=company&r=true&B=6.


Participants can use the Guest dial-in numbers noted above and be answered by an operator OR click the Call meTM link for instant telephone access to the event. Please note the Call meTM link will be made active 15 minutes prior to scheduled start time.


A live listen-only webcast of the call will be available by copying and pasting the following URL into your browser: https://viavid.webcasts.com/starthere.jsp?ei=1752172&tp_key=4a01283a0e.


A replay will be available approximately three hours following the call by dialing toll-free 1-844-512-2921 (Toll/International: 1-412-317-6671) using Access ID 13758670. The replay will be available until Tuesday, February 17, 2026, 11:59 p.m. Eastern Time.


About Ark Restaurants Corp.


Ark Restaurants owns and operates 16 restaurants and bars, 12 fast food concepts and catering operations primarily in New York City, Florida, Washington, DC, Las Vegas, Nevada and the gulf coast of Alabama. Three restaurants are located in New York City, one is located in Washington, DC, five are located in Las Vegas, Nevada, one is located in Atlantic City, New Jersey, four are located on the east coast of Florida and two are located on the Gulf Coast of Alabama. The Las Vegas operations include four restaurants within the New York-New York Hotel & Casino Resort and operation of the hotel's room service, banquet facilities, employee dining room and six food court concepts and one restaurant within the Planet Hollywood Resort and Casino. In Atlantic City, New Jersey, the Company operates a restaurant in the Tropicana Hotel and Casino. The Florida operations include the Rustic Inn in Dania Beach, Shuckers in Jensen Beach, JB’s on the Beach in Deerfield Beach, Blue Moon Fish Company in Lauderdale-by-the-Sea and the operation of six fast food facilities in Hollywood at the Hard Rock Hotel and Casino operated by the Seminole Indian Tribe. In Alabama, the Company operates two Original Oyster Houses, one in Gulf Shores and one in Spanish Fort.


Cautionary Note Regarding Forward-Looking Statements


Except for historical information, this news release contains forward-looking statements, within the meaning of Section 27A of the Securities Act of 1933, as amended and Section 21E of the Securities Exchange Act of 1934, as amended. These statements involve unknown risks, and uncertainties that may cause the Company's actual results or outcomes to be materially different from those anticipated and discussed herein. Important factors that might cause such differences are discussed in the Company's filings with the Securities and Exchange Commission. The Company disclaims any intention or obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise. Actual results could differ materially from those anticipated in these forward-looking statements, if new information becomes available in the future.


Non-GAAP Financial Information


This news release includes non-generally accepted accounting principles ("GAAP") performance measures. Although EBITDA is not a measure of performance or liquidity calculated in accordance with GAAP, the Company believes the use of this non-GAAP financial measure enhances an overall understanding of the Company's past financial performance as well as providing useful information to the investor because of its historical use by the Company as both a performance measure and measure of liquidity, and the use of EBITDA by virtually all companies in the restaurant sector as a measure of both performance and liquidity. However, investors should not consider this measure in isolation or as a substitute for net income (loss), operating income (loss), cash flows from operating activities or any other measure for determining the Company's operating performance or liquidity that is calculated in accordance with GAAP as it may not necessarily be comparable to similarly titled measure employed by other companies.




ARK RESTAURANTS CORP.










Consolidated Condensed Statements of Income










For the 13-week periods ended December 27, 2025 and December 28, 2024










(In Thousands, Except per share amounts)













 



 






 






13 Weeks Ended




December 27,




2025






 






13 Weeks Ended




December 28,




2024








 






 






 






 






 








TOTAL REVENUES






 






$






40,749






 






 






$






44,988






 








COSTS AND EXPENSES:






 






 






 






 








Food and beverage cost of sales






 






 






10,662






 






 






 






12,107






 








Payroll expenses






 






 






14,209






 






 






 






16,408






 








Occupancy expenses






 






 






5,679






 






 






 






6,148






 








Other operating costs and expenses






 






 






5,317






 






 






 






5,800






 








General and administrative expenses






 






 






3,179






 






 






 






3,148






 








Depreciation and amortization






 






 






610






 






 






 






777






 








Loss on closure of El Rio Grande






 






 






—






 






 






 






146






 








Gain on termination of Tampa Food Court lease






 






 






—






 






 






 






(5,235






)








Total costs and expenses






 






 






39,656






 






 






 






39,299






 








OPERATING INCOME






 






 






1,093






 






 






 






5,689






 








OTHER (INCOME) EXPENSE:






 






 






 






 








Interest expense, net






 






 






61






 






 






 






111






 








Gain on sale of condominium






 






 






(128






)






 






 






—






 








Total other (income) expense, net






 






 






(67






)






 






 






111






 








INCOME BEFORE PROVISION FOR INCOME TAXES






 






 






1,160






 






 






 






5,578






 








Provision for income taxes






 






 






58






 






 






 






503






 








CONSOLIDATED NET INCOME






 






 






1,102






 






 






 






5,075






 








Net income attributable to non-controlling interests






 






 






(206






)






 






 






(1,911






)








NET INCOME ATTRIBUTABLE TO ARK RESTAURANTS CORP.






 






$






896






 






 






$






3,164






 








 






 






 






 






 








NET INCOME ATTRIBUTABLE TO ARK RESTAURANTS CORP. PER COMMON SHARE:






 






 






 






 








Basic






 






$






0.25






 






 






$






0.88






 








Diluted






 






$






0.25






 






 






$






0.88






 








 






 






 






 






 








WEIGHTED AVERAGE NUMBER OF COMMON SHARES OUTSTANDING:






 






 






 






 








Basic






 






 






3,606






 






 






 






3,604






 








Diluted






 






 






3,606






 






 






 






3,611






 








 






 






 






 






 








EBITDA Reconciliation:






 






 






 






 








Income before provision for income taxes






 






$






1,160






 






 






$






5,578






 








Depreciation and amortization






 






 






610






 






 






 






777






 








Interest expense, net






 






 






61






 






 






 






111






 








EBITDA






 






$






1,831






 






 






$






6,466






 








EBITDA, adjusted:






 






 






 






 








EBITDA (as defined)






 






$






1,831






 






 






$






6,466






 








Non-cash stock-based compensation activity






 






 






32






 






 






 






42






 








Loss on closure of El Rio Grande






 






 






—






 






 






 






146






 








Gain on termination of Tampa Food Court lease, net of non-




controlling interests






 






 






—






 






 






 






(3,365






)








Gain on sale of condominium






 






 






(128






)






 






 






—






 








Net income attributable to non-controlling interests






 






 






(206






)






 






 






(1,911






)








EBITDA, as adjusted






 






$






1,529






 






 






$






1,378






 







 

View source version on businesswire.com: https://www.businesswire.com/news/home/20260209842254/en/
Anthony J. Sirica

(212) 206-8800

ajsirica@arkrestaurants.com


Original: Ark Restaurants Announces Financial Results for the First Quarter of 2026

Ark Restaurants Announces Conference CallFebruary 5, 2026 9:25 AM
Business Wire
Ark Restaurants Corp. (NASDAQ:ARKR) will hold a conference call for investors and analysts to discuss financial results for the first quarter ended December 27, 2025 on Tuesday, February 10, 2026 at 11:00 a.m. Eastern Time.


The dial-in numbers to participate in the conference call are:


Toll-Free – 1-877-407-4018


Toll/International – 1-201-689-8471


Participants can also access the conference call by visiting Call me™ at: https://callme.viavid.com/viavid/?callme=true&passcode=13716421&h=true& info=company=true& B=6.


Participants can use the Guest dial-in numbers noted above and be answered by an operator OR click the Call me™ link for instant telephone access to the event. Please note the Call me™ link will be made active 15 minutes prior to scheduled start time.


The Company will also broadcast its conference call over the Internet. To access the broadcast, please visit https://viavid.webcasts.com/starthere.jsp?ei=1752172&tp_key=4a01283a0e.


A replay of the broadcast will be available within three hours of the call, and will be available until Tuesday, February 17, 2026, 11:59 p.m. Eastern Time. The dial-in telephone numbers for the replay are:


Toll-Free – 1-844-512-2921


Toll/International – 1-412-317-6671


Replay Pin Number – 13758670


Ark Restaurants owns and operates 16 restaurants and bars, 12 fast food concepts and catering operations primarily in New York City, Florida, Washington, DC, Las Vegas, Nevada and the gulf coast of Alabama. Three restaurants are located in New York City, one is located in Washington, DC, five are located in Las Vegas, Nevada, one is located in Atlantic City, New Jersey, four are located on the east coast of Florida and two are located on the Gulf Coast of Alabama. The Las Vegas operations include four restaurants within the New York-New York Hotel & Casino Resort and operation of the hotel's room service, banquet facilities, employee dining room and six food court concepts and one restaurant within the Planet Hollywood Resort and Casino. In Atlantic City, New Jersey, the Company operates a restaurant in the Tropicana Hotel and Casino. The Florida operations include the Rustic Inn in Dania Beach, Shuckers in Jensen Beach, JB’s on the Beach in Deerfield Beach, Blue Moon Fish Company in Lauderdale-by-the-Sea and the operation of six fast food facilities in Hollywood at the Hard Rock Hotel and Casino operated by the Seminole Indian Tribe. In Alabama, the Company operates two Original Oyster Houses, one in Gulf Shores and one in Spanish Fort.


Except for historical information, this news release contains forward-looking statements, within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. These statements involve unknown risks, and uncertainties that may cause the Company's actual results or outcomes to be materially different from those anticipated and discussed herein. Important factors that might cause such differences are discussed in the Company's filings with the Securities and Exchange Commission. The Company disclaims any intention or obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise. Actual results could differ materially from those anticipated in these forward-looking statements, if new information becomes available in the future.

View source version on businesswire.com: https://www.businesswire.com/news/home/20260205721413/en/
Anthony Sirica

(212) 206-8800

ajsirica@arkrestaurants.com


Original: Ark Restaurants Announces Conference Call

ARKR UP 2.7% to $26.32

NEW 52WK High $26.32

ARKR up 6.8% to $25.90

ARKR Up 6.11% to $25.73

ARKR Up 5.1% to $24.60

ARKR up 3.76% to $23.48

ARKR Up 4.52% to $23.41

Ark Restaurants reports FQ3 results
Aug 11 2016
(ARKR): FQ3 EPS of $0.96Revenue of $41.23M (+2.1% Y/Y)

3.42Mil OS:500,000 Share BuyBack=14.63% of OS

ARKR Announces 500,000 Share Repurchase Program

NEW YORK--(BUSINESS WIRE)--July 5, 2016 -- Ark Restaurants Corp. (NASDAQ:ARKR) announced its stock repurchase program authorizing management to purchase up to 500,000 shares of the Company’s common stock during the next twelve months. Any repurchases under the program will be funded using the Company’s working capital and be based on management’s evaluation of market conditions and other factors.

http://www.businesswire.com/news/home/20160705006112/en/Ark-Restaurants-Announces-Stock-Repurchase-Program

ARKR up 4.2% to $23.99

$23.69 Up, NHOD

Bruce Geller Finds Beauty in Microcap Stocks

Ark Restaurants [ARKR] has a $71 million market cap. It operates 21 full-service restaurants and bars and about 19 fast-food operations. Ark puts out a quality product in a high-volume environment. Recently, it purchased 11% of New Meadowlands Race Track. In November, New Jersey will vote on whether to allow gaming in northern New Jersey. New Meadowlands is perfectly situated. You aren’t paying for that in the current valuation.

Ark generates a double-digit pretax return on assets. There is no sell-side research. On quarterly conference calls, I’m usually the only person. It trades at about $21 [versus a 12-month high of $26], and for about six times earnings before interest, taxes, depreciation, and amortization. It has minimal debt. In the first half, earnings were down due to the increase in minimum wages around the country, especially in New York. The second half should be much better. The restaurant group trades at eight to nine times Ebitda. That kind of valuation would put this stock around $30. It has a 5% yield. In the past 10 years, Ark generated $17 a share in free cash flow.

http://www.barrons.com/articles/bruce-geller-finds-beauty-in-microcap-stocks-1466828652

ARKR Up 2.5% to $23.56

ARKR: Very Reasonably Priced Microcap With Nice Write-Up In Barron's

Ark Restaurants manages 21 locations and owns part of the Meadowlands in Northern New Jersey.
The stock has a 4.6% dividend yield and trades at a PE of 15.
Ark received a nice write-up in Barron's this weekend.

Ark Restaurants (NASDAQ:ARKR) is small restaurateur with an investment in the Meadowlands in Northern New Jersey. This microcap had a nice write-up in Barron's this weekend and may have some room to run. The stock is reasonably priced and the company very profitable. It is under followed by Wall Street because of its size...

http://seekingalpha.com/article/3985031-ark-restaurants-reasonably-priced-microcap-nice-write-barrons?auth_param=1ah5eu:1bn5lsi:739c3b97cc9a439e808bf75a439b5b18&dr=1&uprof=44&utoken=877f370fe35062e3e1ad8e6a4bcf6df2

ARKR Up 7.4% to 22.99

ARKR Up 4% to $22.20

ARKR up 6% to $21.49

ARKR up 5.17% to $21.21

Ark Restaurants Announces Declaration of Dividend

June 02, 2016 04:05 PM

NEW YORK--(BUSINESS WIRE)--Ark Restaurants Corp. (NASDAQ:ARKR) announced today that the Board of Directors declared its regular quarterly dividend of 25 cents per share on the Company's common stock to be paid on July 1, 2016 to shareholders of record at the close of business on June 16, 2016.

http://www.businesswire.com/news/home/20160602006417/en/Ark-Restaurants-Announces-Declaration-Dividend

Ark Restaurants Announces Financial Results for the Second Quarter of 2016

http://www.businesswire.com/news/home/20160512006472/en/Ark-Restaurants-Announces-Financial-Results-Quarter-2016

NEW 52WK Low $20.00