Ark Restaurants Corp.
7.44+0.38 (+5.38%)
Oct 29, 4:00:01 PM EDT · NasdaqGM · ARKR · USD
Key Stats
Market Cap
26.83MP/E (TTM)
-Basic EPS (TTM)
-3.89Dividend Yield
0%Recent Filings
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.
8-K
Annual meeting elects directors
Ark Restaurants Corp. held its annual shareholder meeting on March 11, 2025, electing seven directors—Michael Weinstein, Steven Shulman, Anthony J. Sirica, Marcia Allen, Bruce R. Lewin, Jessica Kates, and Stephen Novick—with strong support exceeding 2 million votes each, though withheld votes varied up to 380,455 for Novick. Shareholders overwhelmingly ratified CohnReznick LLP as auditors for fiscal 2025, with 2,963,742 in favor against just 33,936 opposed. All nominees won decisively.
IPO
Website
Employees
Sector
Industry
BJRI
BJ's Restaurants, Inc.
30.08-0.84
BRCB
Black Rock Coffee Bar, Inc.
24.73+0.39
DENN
Denny's Corporation
4.18-0.33
DRI
Darden Restaurants, Inc.
182.41+1.08
EAT
Brinker International, Inc.
114.98-9.28
GENK
GEN Restaurant Group, Inc.
3.09+0.02
MCRI
Monarch Casino & Resort, Inc.
89.05-3.10
RRGB
Red Robin Gourmet Burgers, Inc.
5.38-0.40
SHAK
Shake Shack, Inc.
89.81-1.37
TXRH
Texas Roadhouse, Inc.
170.82-1.74