Ark Restaurants Q1 net income plunges to $0.25/share; EBITDA up, revenue down 7.3% same-store

ARK RESTAURANTS CORP

2026-Q1 EPS reported $0.25 revenue$40,749,000

Net income $896K ($0.25/share) vs $3.16M ($0.88/share) YoY; adjusted EBITDA $1.53M, up ~$150K.
Total revenue $40.7M vs $45.0M; same-store sales -7.3% excluding Tampa Food Court closure.
Bryant Park Grill dispute weighs: revenue fell from 22.3% to 19.5% of total; litigation ongoing.
NMR casino license vote possible Nov 2026; temporary facility could open 2027 if amendment passes.
Balance sheet: cash $9.1M, debt $3.0M; conference call Feb 10 at 11 AM ET.

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