Revenue Performance - Total revenues for Q4 2024 were $43,406,000, a decrease of 2.2% from $44,400,000 in Q4 2023[3] - Total revenues for the fiscal year 2024 were $183,545,000, down from $184,793,000 in fiscal year 2023[4] - Total revenues for the 13 weeks ended September 28, 2024, were $43,406,000, a decrease of 2.2% compared to $44,400,000 for the same period in 2023[20] Same Store Sales - Company-wide same store sales decreased by 3.6% for Q4 2024 and 1.1% for the fiscal year 2024 compared to the previous year[5] Net Loss - Net loss for Q4 2024 was $(4,457,000) or $(1.24) per share, an improvement from a net loss of $(10,364,000) or $(2.88) per share in Q4 2023[6] - Net loss for the fiscal year 2024 was $(3,896,000) or $(1.08) per share, compared to a net loss of $(5,928,000) or $(1.65) per share in fiscal year 2023[7] - Consolidated net loss attributable to Ark Restaurants Corp. for the 13 weeks ended September 28, 2024, was $4,457,000, compared to a net loss of $10,364,000 for the same period in 2023, representing a 57.0% improvement[20] - Basic net loss per share for the 13 weeks ended September 28, 2024, was $(1.24), an improvement from $(2.88) for the same period in 2023[20] EBITDA and Adjusted EBITDA - Adjusted EBITDA for Q4 2024 was $503,000, down from $585,000 in Q4 2023[6] - Adjusted EBITDA for the fiscal year 2024 was $6,128,000, compared to $9,266,000 in fiscal year 2023[7] - EBITDA for the 13 weeks ended September 28, 2024, was $(4,610,000), an improvement from $(9,597,000) for the same period in 2023[20] Costs and Expenses - Total costs and expenses for the 13 weeks ended September 28, 2024, were $48,925,000, a decrease of 11.3% compared to $55,103,000 for the same period in 2023[20] - Payroll expenses for the 13 weeks ended September 28, 2024, were $15,875,000, down from $17,295,000 for the same period in 2023, reflecting a 8.2% reduction[20] - Occupancy expenses increased to $6,254,000 for the 13 weeks ended September 28, 2024, compared to $5,884,000 for the same period in 2023, representing a 6.3% increase[20] Goodwill Impairment - The company recorded a goodwill impairment charge of $4,000,000 for Q4 2024, compared to $10,000,000 for Q4 2023[12] - Goodwill impairment for the 52 weeks ended September 28, 2024, was $4,000,000, down from $10,000,000 for the same period in 2023[20] Lease Termination - The company plans to terminate the lease for El Rio Grande, resulting in a loss of $876,000 recorded in fiscal year 2024[9] Cash and Debt - As of September 28, 2024, the company had cash and cash equivalents of $10,273,000 and total outstanding debt of $5,235,000[8] Operating Loss - Operating loss for the 52 weeks ended September 28, 2024, was $4,294,000, a slight improvement from a loss of $4,840,000 for the same period in 2023[20] Shares Outstanding - The weighted average number of common shares outstanding for the 13 weeks ended September 28, 2024, was 3,604,000, consistent with 3,602,000 for the same period in 2023[20]

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 ...

Ark Restaurants Corp. (NASDAQ:ARKR) Q2 2024 Results Conference Call May 14, 2024 11:00 AM ET Company Participants Christopher Love - Secretary Michael Weinstein - Chairman and CEO Anthony Sirica - CFO Sam Weinstein - Co-COO Conference Call Participants Roger Lipton - Lipton Financial Operator Greetings, and welcome to Ark Restaurants Second Quarter 2024 Results Conference Call. At this time, all participants are in a listen-only mode. A question-and-answer session will follow the formal presentation [Operat ...

Exhibit 99.1 Ark Restaurants Announces Financial Results for the Second Quarter of 2024 CONTACT: Anthony J. Sirica (212) 206-8800 ajsirica@arkrestaurants.com NEW YORK, New York - May 13, 2024 -- Ark Restaurants Corp. (NASDAQ:ARKR) today reported financial results for the second quarter ended March 30, 2024. Financial Results Total revenues for the 13 weeks ended March 30, 2024 were $42,257,000 versus $41,897,000 for the 13 weeks ended April 1, 2023 and total revenues for the 26 weeks ended March 30, 2024 we ...

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 December 30, 2023 or ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE A ...