Ark Restaurants Corp. Reports Earnings Results for the Third Quarter and Nine Months Ended July 01, 2023
August 14, 2023 at 04:20 pm EDT
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Ark Restaurants Corp. reported earnings results for the third quarter and nine months ended July 01, 2023. For the third quarter, the company reported sales was USD 51.05 million compared to USD 53.22 million a year ago. Net income was USD 3.2 million compared to USD 5.26 million a year ago. Basic earnings per share from continuing operations was USD 0.89 compared to USD 1.48 a year ago. Diluted earnings per share from continuing operations was USD 0.88 compared to USD 1.46 a year ago.
For the nine months, sales was USD 140.39 million compared to USD 136.79 million a year ago. Net income was USD 4.44 million compared to USD 8.52 million a year ago. Basic earnings per share from continuing operations was USD 1.23 compared to USD 2.4 a year ago. Diluted earnings per share from continuing operations was USD 1.22 compared to USD 2.37 a year ago.
Ark Restaurants Corp. owns and operates approximately 17 restaurants and bars, 16 fast food concepts and catering operations. It operates four restaurant and bar facilities are located in New York City, one is located in Washington, D.C., five are located in Las Vegas, Nevada, one is located in Atlantic City, New Jersey, four are located on the east coast of Florida and two are located on the Gulf Coast of Alabama. The Las Vegas operations include four restaurants within the New York-New York Hotel and Casino Resort and one restaurant within the Planet Hollywood Resort and Casino. In Atlantic City, New Jersey, the Company operates a restaurant in the Tropicana Hotel and Casino. The Florida operations include The Rustic Inn in Dania Beach, Shuckers in Jensen Beach, JB's on the Beach in Deerfield Beach, The Blue Moon Fish Company in Fort Lauderdale and the operation of four fast food facilities in Tampa and six fast food facilities in Hollywood, each at a Hard Rock Hotel and Casino.
ARK RESTAURANTS CORP. 
