Earnings ·
Ark Restaurants Corp. reported financial results for the third quarter ended June 27, 2026, showing total revenues of…
ARKRArk Restaurants Corp
Ark Restaurants Corp. reported financial results for the third quarter ended June 27, 2026, showing total revenues of $40.88 million, a decline from $43.72 million in the prior year period, with same-store sales falling 6.6%. The company posted a net loss attributable to Ark Restaurants Corp. of $(0.10) per share, an improvement from the $(0.96) per share loss in the previous quarter. Cash and cash equivalents stood at $9.49 million against total debt of $7.12 million. A significant legal dispute regarding the lease for the Bryant Park Grill, Bryant Park Café, and The Porch at Bryant Park remains pending; a court-ordered stay of ejectment is in effect until approximately October 16, 2026, conditioned on the company filing a $125,000 undertaking. Additionally, a proposed constitutional amendment to allow casino gaming at New Meadowlands Racetrack was not placed on the November 2026 ballot, delaying potential valuation realization for the company's investment in that entity. Ark Restaurants Corp. operates and manages restaurants, bars, and catering operations primarily in New York City, Florida, Washington DC, Las Vegas, Alabama, and Atlantic City.