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 Q1 financial results for the period ending December 31, 2022. Total revenues increased to $47.4 million from $44.0 million year-over-year, driven by higher customer traffic and menu price adjustments in Las Vegas, New York, and Washington, D.C. EBITDA dropped to $3.0 million from $3.9 million, while net income fell to $1.7 million or $0.48 per share compared to $2.2 million or $0.62 per share in the prior year. Dividends of $0.125 per share were declared for March 2023. As of December 31, 2022, cash and cash equivalents totaled $19.4 million, with debts at $21.7 million.
Ark Restaurants Corp. (NASDAQ:ARKR) reported Q4 and FY 2022 results, with revenues reaching $46.88 million for the quarter, up from $42.84 million in Q4 2021, and $183.67 million for the year, an increase from $131.87 million in FY 2021. However, net income fell to $0.21 per share from $1.93 in Q4 2021, and FY net income was $2.61 per share compared to $3.67 in FY 2021. The company faced challenges due to inflation and COVID-19 impacts. As of October 1, 2022, cash and equivalents stood at $23.44 million, with total debt of $23.73 million.
Ark Restaurants Corp. (NASDAQ: ARKR) declared a cash dividend of $0.125 per share, scheduled for payment on December 13, 2022. Shareholders of record must hold their shares by the close of business on November 30, 2022. The Board retains discretion over future dividends, reflecting the company's operational performance and other factors.
Ark Restaurants Corp. (NASDAQ:ARKR) reported strong Q3 2022 results, with total revenues increasing to $53.2 million from $43 million YoY. For the first 39 weeks, revenues surged to $136.8 million compared to $89 million the previous year. The revenue growth was driven by increased customer traffic in Las Vegas and strong event business in New York and D.C. Net income for Q3 was $5.3 million, or $1.48 per share, significantly up from $2.7 million or $0.76 last year. A quarterly cash dividend of $0.125 per share was declared, payable in September 2022.
Ark Restaurants Corp. (NASDAQ:ARKR) reported financial results for Q2 2022, showcasing revenue growth to $39.6 million, up from $25.8 million in Q2 2021. For the first half of 2022, revenues reached $83.6 million, compared to $46.1 million in the same period last year. The company achieved a net income of $1 million in Q2 2022, down from $4.2 million in Q2 2021, and adjusted EBITDA improved to $1.5 million from a loss of $0.5 million. A quarterly dividend of $0.125 per share was announced, to be paid on June 13, 2022. However, uncertainties remain due to the COVID-19 pandemic.
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