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Ark Restaurants Corp. SEC filings document the company’s restaurant and hospitality operations, public-company governance and periodic financial disclosures. Recent Form 8-K reports furnish quarterly and annual results announcements, including revenue trends, EBITDA measures, balance sheet items, asset impairments, lease-related matters and operating commentary across its restaurant, bar, fast food and catering portfolio.
Proxy and annual meeting filings describe shareholder voting matters, board elections, auditor ratification, executive compensation and equity award disclosures. The filings also identify common stock voting mechanics, director nominees, governance procedures and capital-structure information relevant to Ark Restaurants as a Nasdaq-listed operating company.
Ark Restaurants Corp. reported lower sales but sharply reduced losses for the 13 and 39 weeks ended June 27, 2026. Quarterly revenues were $40.9 million versus $43.7 million a year earlier, with a net loss attributable to Ark of $0.35 million compared with $3.45 million.
For the 39-week period, revenues were $118.2 million versus $128.4 million and the net loss attributable to Ark narrowed to $1.26 million from $9.55 million, helped by the absence of prior-year impairment and lease-termination gains and charges. Cash used in operations was $0.87 million and the company increased borrowings, ending with $9.49 million in cash and $7.12 million of notes payable, including $5.0 million drawn on its credit facility.
Ark highlighted significant lease and legal exposure at the Bryant Park Grill, Bryant Park Café and The Porch at Bryant Park, which generated $17.1 million of revenue, about 14.5% of total 39‑week sales. A court has ordered ejectment from these locations after a stay currently expected to expire around October 16, 2026, and the company disclosed that this dispute has had, and is expected to continue to have, a material adverse impact on its business. The company also continues to carry a $6.74 million investment and related receivable in New Meadowlands Racetrack LLC, noting significant legislative and referendum uncertainty around potential casino gaming at that site, which could affect future impairment assessments.
Ark Restaurants Corp. reported third-quarter 2026 revenue of $40.9 million, down from $43.7 million a year earlier, with same-store sales declining 6.6%. For the 39 weeks ended June 27, 2026, revenue was $118.2 million versus $128.4 million, and company-wide same-store sales declined 7.2%.
The company posted a third-quarter net loss of $347,000 ($0.10 per share), a smaller loss than $3.45 million ($0.96 per share) a year earlier. Adjusted EBITDA was $358,000 versus $1.79 million in the prior-year quarter. Cash and cash equivalents were $9.49 million, with total outstanding debt of $7.12 million.
Ark highlighted continued strength at its New York-New York Hotel & Casino operations in Las Vegas and its Alabama locations, while New York City, Washington, DC, and Florida markets remain challenged. The Bryant Park Grill, Bryant Park Café and The Porch at Bryant Park generated $17.1 million, or 14.5%, of year-to-date revenue and are subject to an adverse court ejectment order currently stayed through around October 16, 2026. The company also described legislative uncertainty around casino authorization at the Meadowlands, which will drive the long-term realizability of its investment in New Meadowlands Racetrack LLC.
Ark Restaurants Corp. reports a key court ruling in its long-running dispute over its Bryant Park restaurant locations in New York City. A New York State court granted summary judgment in favor of the company on its claim that the landlord breached the Bryant Park Grill lease and related right of first lease for the Bryant Park Café, entitling Ark to money damages to be decided at a future trial.
The court also granted the landlord summary judgment on its claims for ejectment, use and occupancy, and breach of contract relating to the Bryant Park Café and The Porch at Bryant Park, while dismissing the remainder of Ark’s claims. Ark plans to file a Notice of Appeal on the adverse portions of the decision, which would stay eviction during the appeal. The company states that the uncertainty around this dispute has had, and is expected to continue to have, a material adverse impact on its business, financial condition and results of operations.
Ark Restaurants Corp. reported lower sales but a smaller loss in its latest quarter. For the 13 weeks ended March 28, 2026, revenue was $36.6 million versus $39.7 million a year earlier, and net loss attributable to the company narrowed to $1.8 million from $9.3 million, or $0.50 per share.
For the 26‑week period, revenue fell to $77.3 million from $84.7 million, while net loss improved to $0.9 million from $6.1 million. Management highlighted an adjusted operating result near breakeven after excluding a $566,000 prepaid rent write‑off tied to its Bryant Park locations and prior‑year one‑time items.
The company faces significant uncertainty around its Bryant Park Grill, Bryant Park Café and The Porch at Bryant Park, which together generated $10.3 million, or 13.3% of total revenue, in the first half. Lease terms have expired, litigation with the landlord is ongoing, and management expects this dispute to have a material adverse effect if it cannot retain these sites.
Ark Restaurants Corp. reported results for the second quarter ended March 28, 2026, showing a much smaller net loss even as sales softened. Net loss attributable to Ark Restaurants was $(1,808,000), or $(0.50) per share, compared with $(9,258,000), or $(2.57) per share, a year earlier. Total revenues were $36,584,000 versus $39,725,000 as same-store sales declined 7.6%. EBITDA, as adjusted, was $(592,000), a modest improvement from $(691,000) in the prior-year quarter.
The company ended the quarter with cash and cash equivalents of $11,487,000 and total outstanding debt of $7,553,000. Ark wrote off $566,000 of prepaid rent tied to its disputed Bryant Park Grill, Bryant Park Café and The Porch at Bryant Park leases; these locations generated about 13.3% of total revenue for the 26 weeks ended March 28, 2026. Management highlighted ongoing lease litigation and continued operational pressure in Washington, DC and Florida, while Las Vegas and the Robert restaurant in New York City performed better than last year. The company also reiterated that its investment in New Meadowlands Racetrack LLC carries significant uncertainty and may require further impairment assessment if planned gaming expansion does not progress.
Ark Restaurants Corp. reported the results of its Annual Meeting of Shareholders held on March 17, 2026. Shareholders representing 2,854,418 shares of common stock voted in person or by proxy, out of 3,606,157 shares entitled to vote.
All six director nominees — Michael Weinstein, Anthony J. Sirica, Marcia Allen, Bruce R. Lewin, Jessica Kates, and Stephen Novick — were elected to serve until the next annual meeting and until their successors are duly elected and qualified. Each nominee received more votes “for” than “withheld,” with over 1.52 million votes cast in favor of each candidate.
Shareholders also ratified the appointment of CohnReznick LLP as the company’s independent registered public accounting firm for the 2026 fiscal year, with 2,809,941 votes for, 44,346 against, and 131 abstentions, and no broker non-votes reported on this item.
Ark Restaurants’ quarterly results weakened as sales softened and prior-year one-time gains fell away. For the 13 weeks ended December 27, 2025, revenue fell to $40.7 million from $45.0 million, while net income attributable to Ark dropped to $896,000, or $0.25 per share, from $3.16 million, or $0.88 per share, a year earlier.
Excluding last year’s $5.2 million gain on the Tampa food court lease termination and El Rio Grande closure costs, operating income improved to $1.1 million from $0.6 million as food and labor costs were better managed. Same-store sales declined 7.3%, led by double‑digit drops in New York and Atlantic City, partly offset by growth in Washington, D.C.
The company ended the quarter with $9.1 million of cash, $3.0 million of debt and a working capital deficit of $5.0 million, and had no borrowings under its $20 million credit facility. A key risk is the Bryant Park Grill & Café and The Porch at Bryant Park, which together generated about 19.5% of revenue this quarter and are subject to an ongoing lease dispute and litigation that management says is already having a material adverse impact.
Ark Restaurants Corp. reported weaker first-quarter results for the 13 weeks ended December 27, 2025. Total revenue was $40,749,000 versus $44,988,000 a year earlier, reflecting softer sales and the prior closure of the Tampa Food Court. Company-wide same store sales, excluding Tampa, decreased 7.3%.
EBITDA, as adjusted, rose to $1,529,000 from $1,378,000, but net income attributable to Ark Restaurants Corp. fell to $896,000, or $0.25 per share, compared with $3,164,000, or $0.88 per share, mainly due to prior-year gains and lower contributions.
The Bryant Park Grill & Café and The Porch at Bryant Park, which generated about 19.5% of revenue this quarter, face ongoing lease litigation and negative publicity, which the company states has had and is expected to continue to have a material adverse effect. Ark also highlights uncertainty around its investment in New Meadowlands Racetrack LLC, which may face substantial impairment if a proposed New Jersey casino referendum does not advance or pass.
Ark Restaurants Corp. is asking shareholders to vote at its Annual Meeting on March 17, 2026 at 10:00 a.m. at Bryant Park Grill in New York City. Holders of 3,606,157 common shares as of January 20, 2026 can vote.
Shareholders will elect six directors to one-year terms and ratify CohnReznick LLP as independent registered public accounting firm for fiscal 2026. The Board recommends voting FOR all director nominees and FOR auditor ratification.
The Board has a combined Chairman and CEO role held by Michael Weinstein, with a majority of directors deemed independent under NASDAQ rules and three standing committees. In fiscal 2025, CEO compensation was $825,000, while the company reported a net loss of $9.2 million, compared with a $3.7 million net loss in 2024. Directors received cash retainers and meeting fees but no new equity grants in 2025.
As of January 20, 2026, Michael Weinstein beneficially owned 26.32% of the common stock, while other significant holders included Thomas A. Satterfield Jr. with 17.26% and Desai Ravi Ramesh with 5.00%.