Ark Restaurants Q2 net loss narrows to $0.50/sh; same-store sales fall 7.6%

ARK RESTAURANTS CORP

2026-Q2 EPS reported -$0.25 revenue$77,333,000

Net loss of $1.81M ($0.50/sh) vs. $9.26M ($2.57/sh) in prior year Q2; adjusted EBITDA loss of $0.59M.
Total revenues $36.58M, down from $39.73M; same-store sales declined 7.6% for the quarter.
Bryant Park Grill lease dispute continues; $566K prepaid rent written off; litigation ongoing with June 16, 2026 oral argument.
Investment in NMR (Meadowlands casino) not impaired; NJ constitutional amendment for casino gambling proposed but no vote scheduled yet.
Cash $11.49M, debt $7.55M; balance sheet remains strong.

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