secwatch.observer — SEC 8-K summary
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Issuer:     ARK RESTAURANTS CORP (ARKR)
CIK:        0000779544
Form:       8-K
Filed at:   2023-05-16T23:59:59+00:00
Accession:  0000779544-23-000023
Event type: earnings
Sentiment:  negative
Materiality: 0.60
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/779544/000077954423000023/0000779544-23-000023-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/779544/000077954423000023/arkr-20230515.htm
  HTML page:      https://secwatch.observer/filing/0000779544-23-000023

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