earnings
confidence high
sentiment negative
materiality 0.85
Ark Restaurants Q3 revenue -6.5% to $40.9M; net loss $0.10/sh; Bryant Park stay to Oct 16
ARK RESTAURANTS CORP
- Q3 revenue $40.9M vs $43.7M YoY; same-store sales -6.6%; 39-week SSS -7.2%.
- Net loss $0.10/sh vs $0.96 loss prior year; adjusted EBITDA $358k vs $1.79M.
- Bryant Park: court granted ejectment but stay until ~Oct 16, 2026 with $125k bond; appeal pending.
- Bryant Park Grill/Cafe/Porch generated $17.1M (14.5% of revenue) in 39 weeks; potential loss material.
- No Meadowlands casino referendum in 2026; no impairment on NMR investment.