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) 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.
Ark Restaurants announced a quarterly cash dividend of $0.1875 per share to be paid on June 12, 2024, to shareholders of record as of May 31, 2024. The Board of Directors will decide on future dividends based on the Company's operating performance and other factors.
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