---
schema_version: "secwatch.filing_event.v1"
accession: "0000779544-23-000032"
form_type: "8-K"
ticker: "ARKR"
cik: "0000779544"
company_name: "ARK RESTAURANTS CORP"
filed_at: "2023-08-15T23:59:59+00:00"
generated_at: "2026-06-11T09:48:14.722283+00:00"
event_type: "earnings"
sentiment: "negative"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# Ark Restaurants Q3 revenue falls 4% to $51M; net income drops to $0.89 EPS from $1.48

## Summary
- Q3 revenues $51.1M vs $53.2M YoY; net income $3.2M ($0.89 diluted) vs $5.3M ($1.46) prior year.
- Adjusted EBITDA $4.7M vs $6.2M in Q3 2022, down 25% due to inflation and Gallagher's renovation.
- Gallagher's Las Vegas closure from Feb-April 2023 reduced revenues by ~$2M vs prior year period.
- Same-store sales ex-Gallagher's down 2.6% for the quarter; board declared $0.1875 dividend payable Sept 12.
- Cash $14M, debt $7.7M; PPP loan forgiveness of $272K in 39-week period was non-recurring.

## SEC filing metadata
- accession: 0000779544-23-000032
- form_type: 8-K
- ticker: ARKR
- cik: 0000779544
- company_name: ARK RESTAURANTS CORP
- filed_at: 2023-08-15T23:59:59+00:00
- event_type: earnings
- sentiment: negative
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/779544/000077954423000032/0000779544-23-000032-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/779544/000077954423000032/arkr-20230814.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000779544-23-000032
- JSON: https://secwatch.observer/filing/0000779544-23-000032.json
- Plain text: https://secwatch.observer/filing/0000779544-23-000032.txt

## Key facts
- Earnings Releases
  ARK RESTAURANTS CORP reported financial results for third quarter of 2023.
  - Period: third quarter of 2023
  - Result: reported results
  source text: On August 14, 2023 Ark Restaurants Corp. (the “Company”) issued a press release announcing financial results for the third quarter of 2023.
  evidence_url: https://www.sec.gov/Archives/edgar/data/779544/000077954423000032/0000779544-23-000032-index.htm

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