Lease Agreements and Terminations - The company owns a 19.2% interest in the partnership that owns El Rio Grande and will terminate the lease and close the property permanently on or around January 1, 2025[31] - The company owns a 64.4% interest in the partnership that owns the Tampa and Hollywood Food Courts and agreed to terminate its lease for the food court at The Hard Rock Hotel and Casino in Tampa, FL on November 26, 2024[33] - The company extended its lease for Gallagher's Steakhouse at the New York-New York Hotel and Casino in Las Vegas, NV through December 31, 2032, spending approximately $1,900,000 on refresh[36] - The company extended its lease for America at the New York-New York Hotel and Casino in Las Vegas, NV through December 31, 2033, agreeing to spend a minimum of $4,000,000 on refresh, with $100,000 spent to date[37] - The company extended its lease for the Village Eateries at the New York-New York Hotel and Casino in Las Vegas, NV through December 31, 2034, agreeing to spend a minimum of $3,500,000 on refresh, with $950,000 spent to date[38] - The company recorded a loss of $876,000 in connection with the termination of the El Rio Grande lease, including $398,000 in rent and other costs, $94,000 in severance, $269,000 in impairment charges, and $238,000 in security deposit write-off[42] Investments and Distributions - The company made a total investment of $5,108,000 in New Meadowlands Racetrack LLC, with an effective ownership interest of 7.4%[43] - The company received distributions of $26,000 and $52,000 from New Meadowlands Racetrack LLC for the years ended September 28, 2024, and September 30, 2023, respectively[45] Employment and Seasonality - The company employed 1,862 persons as of November 30, 2024, including 1,246 full-time and 616 part-time employees[55] - The company’s business is highly seasonal, with the second quarter (January, February, and March) being the poorest performing quarter, while the warmer weather months yield the best results[64] Company Information and SEC Reports - Company's annual, quarterly, and current reports are available on its website www.arkrestaurants.com[65] - SEC reports can be accessed through the investor relations section of the company's website[65] - Information on the company's website is not part of any SEC filings[65] - SEC reports are also available at the SEC's Office of Investor Education and Advocacy[66] - SEC maintains an Internet website www.sec.gov for viewing company information[66] - Company's principal executive offices are located at 85 Fifth Avenue, New York, New York 10003[67] - Company's telephone number is (212) 206-8800[67] Market Risk Disclosures - Quantitative and Qualitative Disclosures About Market Risk are not applicable[180]

Shares of Ark Restaurants Corp. (ARKR) have lost 20.3% since the company reported earnings for the quarter ended Sept. 28, 2024. This compares unfavorably with the S&P 500 Index’s 2.9% decline over the same time frame. Over the past month, the stock has moved up 6.3% versus the S&P 500’s 0.4% fall.For the fourth quarter of fiscal 2024, Ark Restaurants reported total revenues of $43.4 million, down 2.2% from $44.4 million in the year-ago quarter. The company incurred a net loss of $4.5 million, or $1.24 per ...

Ark Restaurants Corp. (NASDAQ:ARKR) Q4 2024 Earnings Conference Call December 17, 2024 11:00 AM ET Company Participants Christopher Love - Secretary Anthony Sirica - Chief Financial Officer Michael Weinstein - Chairman and Chief Executive Officer Conference Call Participants Martin Gilvarg - Mh Gilvarg Consulting Jeffrey Kaminski - JJK Consultants Operator Greetings, and welcome to the Ark Restaurants Fourth Quarter and Year-End 2024 Results Conference Call. At this time, all participants are in a listen-on ...

Exhibit 99.1 Ark Restaurants Announces Financial Results for the Fourth Quarter and Fiscal Year Ended 2024 CONTACT: Anthony J. Sirica (212) 206-8800 ajsirica@arkrestaurants.com NEW YORK, New York - December 16, 2024 -- Ark Restaurants Corp. (NASDAQ:ARKR) today reported financial results for the fourth quarter and fiscal year ended September 28, 2024. The Company's fiscal year ends on the Saturday nearest September 30. The fiscal years ended September 28, 2024 and September 30, 2023 both included 52 weeks an ...

Ark Restaurants Corp. (ARKR) reported earnings per share of 18 cents in the third quarter of fiscal 2024, which decreased 79.5% from the year-ago quarter’s figure of 88 cents.Revenues in DetailArk Restaurants registered revenues of $50.4 million in the fiscal third quarter, down 1.3% year over year.This primarily resulted from a decrease in same-store sales, partially offset by an increase in sales at Gallagher's Steakhouse at the New York-New York Hotel and Casino in Las Vegas, NV, which was substantially ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 _________________________________________ 85 Fifth Avenue, New York, NY 10003 (Address of Principal Executive Offices) (Zip Code) Non-accelerated filer ☒ Smaller Reporting Company ☒ Emerging Growth Company ☐ FORM 10-Q ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended June 29, 2024 or ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT O ...

Ark Restaurants Corp. (NASDAQ:ARKR) Q3 2024 Earnings Conference Call August 13, 2024 11:00 AM ET Company Participants Christopher Love - Secretary Anthony Sirica - Chief Financial Officer Michael Weinstein - Chairman & Chief Executive Officer Conference Call Participants Bruce Geller - Geller Ventures Operator Greetings, and welcome to the Ark Restaurants Third Quarter 2024 Results Call. At this time, all participants are in a listen-only mode. A question-and-answer session will follow the formal presentati ...

Exhibit 99.1 Ark Restaurants Announces Financial Results for the Third Quarter of 2024 CONTACT: Anthony J. Sirica (212) 206-8800 ajsirica@arkrestaurants.com NEW YORK, New York - August 12, 2024 -- Ark Restaurants Corp. (NASDAQ:ARKR) today reported financial results for the third quarter ended June 29, 2024. Financial Results Total revenues for the 13 weeks ended June 29, 2024 were $50,396,000 versus $51,051,000 for the 13 weeks ended July 1, 2023 and total revenues for the 39 weeks ended June 29, 2024 were ...

Zacks Investment Research has recently initiated coverage of Ark Restaurants Corp. (ARKR) , assigning an "Underperform" recommendation to the company's shares. This bearish stance reflects significant concerns over the company’s recent financial performance and operational challenges.Ark Restaurants, based in New York, operates as an owner and operator of 17 restaurants and bars, 16 fast food concepts, and catering operations across the United States. Its establishments, situated in key locations such as Ne ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 _________________________________________ 85 Fifth Avenue, New York, NY 10003 (Address of Principal Executive Offices) (Zip Code) Non-accelerated filer ☒ Smaller Reporting Company ☒ Emerging Growth Company ☐ FORM 10-Q ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended March 30, 2024 or ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT ...