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. reports news about its restaurant, bar, fast food and catering operations across New York City, Washington, D.C., Las Vegas, Atlantic City, Florida and Alabama. Company updates commonly cover quarterly and annual results, same-store sales, EBITDA, cash and debt levels, and performance at properties such as New York-New York Hotel & Casino, Planet Hollywood Resort and Casino, Tropicana Atlantic City, Rustic Inn, Shuckers, JB’s on the Beach, Blue Moon Fish Company and Original Oyster House.
Recurring developments also include venue lease matters, portfolio changes, impairment charges, catering demand and operating trends in casino, resort and coastal restaurant markets. Bryant Park Grill & Café and related New York operations appear in updates tied to lease uncertainty, litigation expense and event-business performance.
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.
Summary not available.
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.
Summary not available.
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.
Summary not available.
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.
Summary not available.