secwatch.observer — SEC 8-K summary
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Issuer:     ARK RESTAURANTS CORP (ARKR)
CIK:        0000779544
Form:       8-K
Filed at:   2024-12-16T23:59:59+00:00
Accession:  0000779544-24-000049
Event type: earnings
Sentiment:  negative
Materiality: 0.75
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Ark Restaurants Q4 revenue down 2.2% YoY, net loss narrows to $4.5M; records $4M goodwill impairment
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- Q4 revenue $43.4M (down 2.2% YoY); net loss attributable $4.5M or ($1.24)/share vs ($2.88) last year.
- FY same-store sales down 1.1%; adjusted EBITDA fell to $6.1M from $9.3M.
- Recorded $4M goodwill impairment in Q4; $2.5M impairment of Sequoia ROU/long-lived assets.
- Exited El Rio Grande with $876K loss; agreed to terminate Tampa food court lease for $5.5M payment.
- Bryant Park Grill lease expires April 2025; landlord may select other operator; company contesting.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/779544/000077954424000049/0000779544-24-000049-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/779544/000077954424000049/arkr-20241216.htm
  HTML page:      https://secwatch.observer/filing/0000779544-24-000049

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