ARKR
Ark Restaurants Corp.6.63
-0.23-3.35%
Dec 16, 4:00:00 PM EST
Earnings Call Transcripts
This Quarter (Q4 '25)
No earnings call transcript available yet
Last Quarter (Q3 '25)
No earnings call transcript available
Key Stats
Market Cap
23.91MP/E (TTM)
-Basic EPS (TTM)
-3.18Dividend Yield
0%Recent Filings
8-K
10-Q
Q3 FY2025 results
Ark Restaurants posted Q3 FY2025 revenues of $43.7M, down 13.3% y/y from $50.4M, with food and beverage sales dropping 12.7% y/y amid same-store declines of 7.4% y/y, hit hardest in New York and D.C. due to lease disputes and hybrid work trends, while Florida eked out a 1.8% gain. Operating loss widened to $3.4M from $0.8M income y/y, pressured by $4.7M in Sequoia impairments and higher commodity costs, though a $0.2M gain from El Rio Grande closure offered minor relief; net loss hit $3.2M, with the delta from operating mainly tied to taxes per the filing. YTD, revenues fell 8.4% to $128.4M, operating loss reached $2.3M versus $1.2M income, diluted EPS tumbled to -$2.65 from $0.15 on flat 3,605K shares, and free cash flow stood at $1.1M operating cash minus $1.6M capex. Cash climbed to $12.3M, total debt eased to $3.9M under a $20M facility extended to 2028 with full availability, but Bryant Park leases expired without renewal, sparking litigation. Ongoing lease uncertainties loom large.
8-K
Q3 revenues drop amid litigation
Ark Restaurants reported Q3 2025 revenues of $43.7M, down from $50.4M last year, mainly due to the closure of El Rio Grande and Tampa Food Court, plus a 7.4% same-store sales drop from Bryant Park litigation fallout. Adjusted EBITDA fell to $1.8M from $3.4M, with net loss of $3.5M or $0.96 per share, hit by $4.7M Sequoia impairments and over $800K legal costs. Yet the balance sheet stays solid, with $12.3M cash against $3.9M debt. Ongoing Bryant Park lease dispute risks material revenue loss if unresolved.
10-Q
Q2 FY2025 results
Ark Restaurants posted Q2 FY2025 revenues of $39.7M, down 6.0% y/y from $42.3M, with food and beverage sales dropping 5.0% y/y amid closures of El Rio Grande and Tampa Food Court, though same-store sales edged up 0.4% y/y. Operating loss widened to $4.6M from $1.2M y/y, driven by a $3.4M goodwill impairment tied to stock price decline and Bryant Park lease uncertainties, while gross margins held steady at 71.1% (derived). YTD through March 29, 2025, revenues fell 5.6% y/y to $84.7M, but operating income swung to $1.1M from $0.4M y/y, boosted by a $5.2M gain on the Tampa lease termination offsetting the impairment; diluted EPS of -$1.69 reconciles to 3,604K shares with no anti-dilution. Cash climbed to $11.1M, up from $10.3M at FY2024 end, with operating cash flow at -$0.7M YTD and free cash flow not disclosed in the 10-Q; total debt stands at $4.3M, all current, under a $10M revolver with full availability and June 2025 maturity. The company closed El Rio Grande in January 2025, netting a minor $0.1M gain in Q2. Lease disputes at Bryant Park venues, representing 15% of YTD revenue, pose a key risk to ongoing operations.
8-K
Q2 revenues dip amid closures
Ark Restaurants reported Q2 2025 revenues of $39.7 million, down from $42.3 million last year, mainly due to closures of El Rio Grande and Tampa Food Court, though adjusted same-store sales edged up 0.4%. A $3.4 million goodwill impairment and $4.8 million tax valuation allowance drove a $9.3 million net loss, or $2.57 per share, versus $1.4 million last year. Yet the Tampa closure yielded a $5.2 million gain. Ongoing litigation over Bryant Park leases, representing 15% of revenue, poses a material risk to operations.
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