Ark Restaurants Q1 EPS falls to $0.38 from $0.48; EBITDA declines

ARK RESTAURANTS CORP

2024-Q1 EPS reported $0.38 revenue$47,487,000

Revenue $47.5M, essentially flat YoY (vs $47.4M).
Net income $1.37M ($0.38 per share) vs $1.73M ($0.48) prior year, down 21% on EPS basis.
Adjusted EBITDA $2.57M vs $3.02M prior year, a decline of 15%.
Declared quarterly dividend $0.1875/share, payable March 13, 2024 to holders of record Feb 29.
Cash $12.1M, total debt $6.7M as of Dec 30, 2023.

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 first quarter ended December 30, 2023 results: revenue $47,487,000, net income $1,370,000, EPS $0.38 per basic and diluted share.

Period: first quarter ended December 30, 2023
Revenue: $47,487,000
Net income: $1,370,000
EPS: $0.38 per basic and diluted share
Result: reported results

Exact text from the filing

(NASDAQ:ARKR) today reported financial results for the first quarter ended December 30, 2023. Financial Results Total revenues for the 13 weeks ended December 30, 2023 were $47,487,000 versus $47,445,000 for the 13 weeks ended December 31, 2022. The Company's EBITDA, excluding gains on the forgiveness of Paycheck Protection Program Loans (the "PPP Loan

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Source: SEC EDGAR

accession 0000779544-24-000013

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