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 (NASDAQ: ARKR) is a restaurant and food service operator that owns and runs restaurants, bars, fast food concepts and catering operations in several U.S. markets. Company news releases describe operations in New York City, Florida, Washington, D.C., Las Vegas, Nevada, Atlantic City, New Jersey and the Gulf Coast of Alabama, including locations in casino resorts, park venues and waterfront destinations.
This news page for ARKR stock aggregates press releases and other coverage related to Ark Restaurants’ financial performance, operational updates and key events. Regular announcements include quarterly and annual financial results, discussions of Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA) and "EBITDA, as adjusted," and commentary on how specific properties and markets are performing.
Investors following Ark Restaurants’ news can review updates on lease and legal matters, such as the company’s dispute with the Bryant Park Corporation over the Bryant Park Grill & Cafe and The Porch at Bryant Park leases in New York City. The company has reported that litigation and uncertainty around these leases have affected catering and a la carte revenue and have had a material impact on its business and results of operations.
News items also cover changes in the company’s portfolio, including the closure of El Rio Grande, the termination of the Tampa food court lease at the Hard Rock Hotel and Casino in Florida, impairment charges at the Sequoia property in Washington, D.C., goodwill impairment assessments and developments related to its investment in New Meadowlands Racetrack LLC. Earnings releases often highlight the performance of key venues such as the New York-New York Hotel & Casino Resort operations in Las Vegas, the Rustic Inn and other Florida properties, and the Original Oyster House locations in Alabama.
For readers tracking ARKR, this page provides a central view of Ark Restaurants’ financial updates, property-level commentary, credit facility amendments, dividend declarations when announced and other material events disclosed in company news.
Summary not available.
Summary not available.
Summary not available.
Summary not available.
Summary not available.
Summary not available.
Summary not available.
Summary not available.
Summary not available.
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.