Welcome to our dedicated page for Ark Restaurants news (Ticker: ARKR), a resource for investors and traders seeking the latest updates and insights on Ark Restaurants stock.
Ark Restaurants Corp (ARKR) operates a diversified portfolio of restaurants, bars, and catering services across premier U.S. locations including New York City, Las Vegas resorts, and Atlantic City casinos. This page serves as the definitive source for corporate developments and operational updates in the competitive hospitality sector.
Access real-time announcements spanning financial results, management changes, venue expansions, and strategic partnerships. Our curated collection ensures investors and industry observers stay informed about key initiatives in urban dining, integrated resort operations, and food service innovation.
Discover press releases covering earnings disclosures, new location openings, menu innovations, and sustainability efforts. All content is verified for accuracy and relevance to support data-driven analysis of ARKR's market position.
Bookmark this page for streamlined access to operational updates from one of America's most geographically diversified restaurant operators. Check regularly for insights into how ARKR adapts to evolving consumer preferences in casual dining and resort hospitality.
Ark Restaurants Corp. (NASDAQ:ARKR) has scheduled a conference call to discuss its second quarter financial results for the period ended March 29, 2025. The call will take place on Tuesday, May 13, 2025, at 11:00 a.m. Eastern Time. Investors can join via phone or internet broadcast, with a replay available until May 20, 2025.
The company operates a diverse portfolio of 16 restaurants and bars, 12 fast food concepts, and catering operations across major U.S. locations including New York City, Florida, Washington DC, Las Vegas, and Alabama. Notable operations include restaurants within the New York-New York Hotel & Casino Resort, Planet Hollywood Resort and Casino, and the Tropicana Hotel and Casino.
Ark Restaurants (NASDAQ:ARKR) reported financial results for Q1 2025 ended December 28, 2024. Total revenues decreased to $44.99M from $47.49M in Q1 2024. Company-wide same-store sales declined by 2.3%, excluding El Rio Grande and Tampa Food Court operations.
Net income rose to $3.16M ($0.88 per share) compared to $1.37M ($0.38 per share) in the prior year. EBITDA, as adjusted, decreased to $1.38M from $2.57M. The company recorded a gain of $5.24M from the Tampa Food Court closure and a $146,000 loss from El Rio Grande's closure.
As of December 28, 2024, ARKR had $13.1M in cash and cash equivalents with total debt of $4.7M. The company's Bryant Park Grill & Cafe and The Porch at Bryant Park leases expire on April 30, 2025, with the landlord selecting a new operator for both locations.
Ark Restaurants Corp. (NASDAQ:ARKR) has scheduled a conference call to discuss its first quarter financial results for the period ended December 28, 2024. The call will take place on Tuesday, February 11, 2025, at 11:00 a.m. Eastern Time.
Investors and analysts can participate via toll-free (1-877-407-4018) or international (1-201-689-8471) numbers. The call will also be broadcast over the Internet, with a replay available until February 18, 2025.
The company currently operates 16 restaurants and bars, 12 fast food concepts, and catering operations across multiple locations including New York City, Florida, Washington DC, Las Vegas, Atlantic City, and Alabama. Notable operations include restaurants within the New York-New York Hotel & Casino Resort, Planet Hollywood Resort and Casino, Tropicana Hotel and Casino, and various establishments along Florida's east coast and Alabama's Gulf Coast.
Ark Restaurants (NASDAQ:ARKR) announced financial results for the fourth quarter and fiscal year ended September 28, 2024. Total revenues for Q4 2024 were $43.4M, slightly down from $44.4M in Q4 2023. Annual revenues for 2024 were $183.5M, down from $184.8M in 2023. Company-wide same-store sales decreased by 3.6% for Q4 2024 and 1.1% for the year.
Net loss for Q4 2024 was $4.5M or $1.24 per share, an improvement from a net loss of $10.4M or $2.88 per share in Q4 2023. Annual net loss for 2024 was $3.9M or $1.08 per share, compared to $5.9M or $1.65 per share in 2023. Adjusted EBITDA for Q4 2024 was $503K, compared to $585K in Q4 2023. For the year, adjusted EBITDA was $6.1M, down from $9.3M in 2023.
As of September 28, 2024, Ark Restaurants had $10.3M in cash and cash equivalents and $5.2M in total debt. The company also recorded significant impairment charges and losses related to property closures and lease terminations.
Ark Restaurants Corp. (NASDAQ:ARKR) has scheduled a conference call to discuss its fourth quarter and year-end financial results for the period ended September 28, 2024. The call will take place on Tuesday, December 17, 2024, at 11:00 a.m. Eastern Time.
Investors can participate via toll-free (1-877-407-4018) or international (1-201-689-8471) numbers. The call will also be broadcast online, with a replay available until December 24, 2024.
The company currently operates 17 restaurants and bars, 16 fast food concepts, and catering operations across multiple locations including New York City, Florida, Washington DC, Las Vegas, Nevada, and Alabama. Notable operations include restaurants within the New York-New York Hotel & Casino Resort, Planet Hollywood Resort and Casino, and various locations at Hard Rock Hotels and Casinos operated by the Seminole Indian Tribe.
Ark Restaurants Corp. (NASDAQ:ARKR) reported financial results for Q3 2024. Total revenues were $50,396,000, down from $51,051,000 in Q3 2023. For the 39-week period, revenues slightly decreased to $140,139,000 from $140,393,000. Company-wide same-store sales decreased 2.3% excluding Gallagher's Steakhouse. EBITDA, as adjusted, for Q3 2024 was $3,375,000, down from $4,663,000 in Q3 2023. Net income for Q3 2024 was $640,000 ($0.18 per share), compared to $3,195,000 ($0.89 per basic share) in Q3 2023. The company recognized impairment charges of $2,500,000 related to its Sequoia property in Washington, D.C. As of June 29, 2024, Ark had a cash balance of $11,467,000 and total outstanding debt of $5,738,000.
Ark Restaurants Corp. (NASDAQ: ARKR) has announced a conference call to discuss financial results for Q3 2024, ending June 29, 2024. The call will take place on Tuesday, August 13, 2024, at 11:00 a.m. Eastern Time.
Participants can join via toll-free at 1-877-407-4018 or internationally at 1-201-689-8471. The call will also be broadcast online at this link. A replay will be accessible within three hours post-call until August 20, 2024, at 11:59 p.m. Eastern Time, via toll-free 1-844-512-2921 or internationally 1-412-317-6671, with Pin Number 13748396.
Ark Restaurants operates 17 restaurants and bars, 16 fast food concepts, and catering services primarily in New York City, Florida, Washington, DC, Las Vegas, Nevada, and Alabama's Gulf Coast.
Ark Restaurants Corp. (NASDAQ: ARKR) reported financial results for Q2 2024, ending March 30, 2024. The company posted total revenues of $42.26 million, slightly higher than $41.90 million in Q2 2023. For the first half of 2024, revenues were $89.74 million, up from $89.34 million in the same period last year. Adjusted EBITDA for Q2 2024 was a loss of $321,000 compared to a gain of $1.00 million in Q2 2023. Net loss for Q2 2024 was $1.45 million, or $0.40 per share, worsening from a net loss of $484,000, or $0.13 per share, in Q2 2023. For the first half of 2024, adjusted EBITDA was $2.25 million, down from $4.02 million in the first half of 2023. Net loss for the first half of 2024 was $79,000 compared to net income of $1.24 million in 2023. A quarterly dividend of $0.1875 per share was announced, payable on June 12, 2024.
Ark Restaurants Corp. (NASDAQ:ARKR) will hold a conference call to discuss financial results for the second quarter ended March 30, 2024. The call will take place on Tuesday, May 14, 2024, at 11:00 a.m. Eastern Time. Investors and analysts can participate via dial-in numbers or through an online broadcast. Ark Restaurants owns and operates restaurants, bars, fast food concepts, and catering operations across various locations.
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