earnings
confidence high
sentiment negative
materiality 0.75
Ark Restaurants Q1: net income $0.88/sh boosted by $5.2M Tampa lease gain; same-store sales -2.3%
ARK RESTAURANTS CORP
2025-Q1 EPS reported
$0.88
revenue$44,988,000
- Total revenues $44.99M, down 5.3% YoY; company-wide same-store sales declined 2.3%.
- Net income attributable $3.16M ($0.88/sh) vs $1.37M ($0.38/sh) YoY, aided by $5.24M gain on Tampa food court lease termination.
- Adjusted EBITDA fell to $1.38M from $2.57M YoY; El Rio Grande closed Jan 2025 with $146k Q1 loss.
- Bryant Park Grill and The Porch leases expire Apr 30, 2025; landlord selected new operator, no signed agreements.