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Ark Restaurants Announces Financial Results for the Third Quarter of 2026
NEW YORK, August 10, 2026–(<a href="https://www.<a href="https://bitcomme.com/business-automation-statistics-by-market-trends-and-facts-2025/” title=”Business Automation Statistics By Market, Trends And Facts (2025)”>businesswire.com” rel=”nofollow noopener” target=”_blank”>BUSINESS WIRE)–Ark Restaurants Corp. (NASDAQ:ARKR) today reported financial results for the third quarter ended June 27, 2026.
“We have two markets where we continue to perform well. Our operations at the New York-New York Hotel and Casino in Las Vegas continue to show increased cash flow despite lower customer traffic on the Las Vegas Strip. Our Alabama locations have shown strong growth in both revenue and cash flow. In NYC, Robert continues to improve on a year-over-year basis; however, as stated in prior quarters, our revenues for both catered events and a la carte at the Bryant Park Grill and the Bryant Park Café continue to suffer due in large part to the uncertainty of our lease situation. The D.C. market has been a difficult environment and our Florida revenues continue to be challenged by the local economic climate. Our balance sheet remains strong, supporting future growth,” said Michael Weinstein, CEO.
As of June 27, 2026, the Company had cash and cash equivalents of $9,492,000 and total outstanding debt of $7,117,000.
Total revenues for the 13 weeks ended June 27, 2026 were $40,881,000 versus $43,715,000 for the 13 weeks ended June 28, 2025 as same-store sales declined 6.6%.
Total revenues for the 39 weeks ended June 27, 2026 were $118,214,000 versus $128,428,000 for the 39 weeks ended June 28, 2025. Company-wide same store sales declined 7.2% for the 39 weeks ended June 27, 2026, as compared to the same period of the prior year.
The Company’s earnings before interest, taxes, depreciation and amortization (“EBITDA”), as adjusted, for the 13 weeks ended June 27, 2026 was $358,000 versus $1,791,000 for the 13 weeks ended June 28, 2025 and excludes the items as set out in the table at the end of this news release. Net loss attributable to Ark Restaurants Corp. for the 13 weeks ended June 27, 2026, was $(347,000) or $(0.10) per basic and diluted share compared to a net loss of $(3,454,000) or $(0.96) per basic and diluted share for the 13 weeks ended June 28, 2025.
The Company’s EBITDA, as adjusted, for the 39 weeks ended June 27, 2026 was $1,297,000 versus $2,479,000 for the 39 weeks ended June 28, 2025 and excludes the items set out in the table at the end of this news release. Net loss attributable to Ark Restaurants Corp. for the 39 weeks ended June 27, 2026, was $(1,259,000) or $(0.35) per basic and diluted share as compared to a net loss, which includes a full valuation allowance related to our deferred tax assets in the amount of $4,799,000, of $(9,548,000) or $(2.65) per basic and diluted share for the 39 weeks ended June 28, 2025.
