---
schema_version: "secwatch.filing_event.v1"
accession: "0000779544-23-000023"
form_type: "8-K"
ticker: "ARKR"
cik: "0000779544"
company_name: "ARK RESTAURANTS CORP"
filed_at: "2023-05-16T23:59:59+00:00"
generated_at: "2026-06-15T00:17:26.843061+00:00"
event_type: "earnings"
sentiment: "negative"
materiality_score: 0.6
calibrated_materiality_score: 0.6
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- 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.

## SEC filing metadata
- accession: 0000779544-23-000023
- form_type: 8-K
- ticker: ARKR
- cik: 0000779544
- company_name: ARK RESTAURANTS CORP
- filed_at: 2023-05-16T23:59:59+00:00
- event_type: earnings
- sentiment: negative
- materiality_score: 0.6
- calibrated_materiality_score: 0.6
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/779544/000077954423000023/0000779544-23-000023-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/779544/000077954423000023/arkr-20230515.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000779544-23-000023
- JSON: https://secwatch.observer/filing/0000779544-23-000023.json
- Plain text: https://secwatch.observer/filing/0000779544-23-000023.txt

## Key facts
- Earnings Releases
  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
  source text: 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
  evidence_url: https://www.sec.gov/Archives/edgar/data/779544/000077954423000023/0000779544-23-000023-index.htm
- Earnings Releases
  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
  source text: 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
  evidence_url: https://www.sec.gov/Archives/edgar/data/779544/000077954423000023/0000779544-23-000023-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.