Ark Restaurants Q3 revenue $42.97M, same-store sales +455% YoY, net income $0.76/sh

ARK RESTAURANTS CORP

2021-Q3 EPS reported $1.68 revenue$89,031,000

Revenue for Q3 2021: $42.965M vs $7.199M prior year; same-store sales up 455% YoY but down 7.1% vs pre-pandemic Q3 2019.
Net income attributable to Ark: $2.67M ($0.76 basic, $0.73 diluted) vs net loss ($2.526M) prior year.
EBITDA of $9.39M (including $3.195M PPP loan forgiveness) vs ($4.642M) prior year; adjusted EBITDA $5.61M.
Year-to-date net income $6.067M ($1.73/sh diluted) vs loss ($2.791M) prior year.
New York City vaccine mandate for indoor dining effective Aug 16, enforcement Sep 13; all restaurants currently open with no capacity restrictions.

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