Ark Restaurants Q2 net loss $0.13/sh; revenue up 5.8%; same-store sales +8.3% ex-Gallagher's

ARK RESTAURANTS CORP

2023-Q2 EPS reported $0.34 revenue$89,342,000

Q2 net loss of $(484K) ($0.13/sh) vs net income of $1.055M ($0.30) a year ago; adjusted EBITDA fell to $1.0M from $1.5M.
Revenue rose 5.8% to $41.9M; ex-Gallagher's closure same-store sales up 8.3% driven by NYC and DC events business.
Gallagher's Steakhouse renovation (Feb-Apr 2023) cost ~$1.9M; revenue from that location fell to $714K from $2.326M.
Declared quarterly dividend of $0.1875/sh, payable June 13 to holders of record May 31.
Cash $17.9M; total debt $14.3M; repaid $6.0M in notes post-quarter.

item 2.02 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.9

ARK RESTAURANTS CORP reported the 13 weeks ended April 1, 2023 results: revenue $41,897,000, net income $(484,000), EPS $(0.13) per basic and diluted share.

Period: the 13 weeks ended April 1, 2023
Revenue: $41,897,000
Net income: $(484,000)
EPS: $(0.13) per basic and diluted share
Result: reported results

Exact text from the filing

Total revenues for the 13 weeks ended April 1, 2023 were $41,897,000 versus $39,586,000 for the 13 weeks ended April 2, 2022

View on SEC.gov

Earnings Releases SEC 8-K Item 2.02 confidence 0.9

ARK RESTAURANTS CORP reported the 26 weeks ended April 1, 2023 results: revenue $89,342,000, net income $1,241,000, EPS $0.34 per basic and diluted share.

Period: the 26 weeks ended April 1, 2023
Revenue: $89,342,000
Net income: $1,241,000
EPS: $0.34 per basic and diluted share
Result: reported results

Exact text from the filing

total revenues for the 26 weeks ended April 1, 2023 were $89,342,000 versus $83,571,000 for the 26 weeks ended April 2, 2022

View on SEC.gov

171 earnings releases filed in the last 30 days. Browse all earnings releases →

ARK RESTAURANTS CORP filing history →

Source: SEC EDGAR

accession 0000779544-23-000023

view filing index on sec.gov

view primary document

Machine-readable: JSON · Markdown · Plain text

This headline and bullets were generated automatically by deepseek-v4-flash:cloud@v2 from the public filing. Read the source on SEC.gov before relying on any specific claim. Not investment advice. See methodology for how this pipeline works.