secwatch.observer — SEC 8-K summary
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Issuer:     ARK RESTAURANTS CORP (ARKR)
CIK:        0000779544
Form:       8-K
Filed at:   2025-02-10T23:59:59+00:00
Accession:  0000779544-25-000008
Event type: earnings
Sentiment:  negative
Materiality: 0.75
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Ark Restaurants Q1: net income $0.88/sh boosted by $5.2M Tampa lease gain; same-store sales -2.3%
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- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/779544/000077954425000008/0000779544-25-000008-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/779544/000077954425000008/arkr-20250210.htm
  HTML page:      https://secwatch.observer/filing/0000779544-25-000008

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer