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Ark Restaurants (ARKR)
NASDAQ:ARKR
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Earnings Data
Report Date
Feb 17, 2025TBA Not Confirmed
Period Ending
2025 (Q1)Consensus EPS Forecast
―Last Year’s EPS
$0.38Same Quarter Last Year
Based on 0 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Dec 16, 2024
|% Change Since: -6.00%
|Next Earnings Date:Feb 17, 2025
Earnings Call Sentiment|Neutral
The earnings call presents a mixed picture with stable cash flow and labor costs, successful property negotiations, and potential expansion of a new concept. However, these positives are offset by challenging revenue environments, significant impairments, and external cost pressures.Company Guidance
During the Ark Restaurants Q4 2024 earnings call, several key metrics and financial aspects were discussed. The company ended the year with $10.3 million in cash and $5.2 million in debt, with plans to extend their credit agreement. A significant one-time expense of $876,000 was incurred due to the closure of El Rio Grande, while a $4 million goodwill impairment was also recorded, following a $10 million impairment the previous year. Ark Restaurants entered negotiations to vacate a Tampa food court, resulting in a $5.5 million payout. Despite a challenging revenue environment, particularly in Florida and Washington, D.C., Alabama was noted as a consistently strong performer. Labor costs have stabilized, although insurance premiums and commodity prices, such as king crabs, have increased. The company is also exploring new business concepts like "Lucky Pig," while navigating potential opportunities with casino licenses in New York and New Jersey. Additionally, non-cash write-downs over the past two years totaled $16.5 million.Stable Cash Position
The company ended the year with $10.3 million in cash and has approximately $10.5 million to $11 million currently.
Successful Lease Termination Deal
Negotiated a $5.5 million payment to vacate a leased property in Tampa, resulting in a net gain of $3.5 million to $4 million for the company.
Operational Stability in Alabama and New York
Alabama is cited as the most consistently good performing venue, with New York also performing decently.
Labor Cost Stability
Labor costs have stabilized, and the company is finding good employees at competitive price points.
Potential Expansion of New Concept
The new Asian concept, Lucky Pig, has been operational and is considered expandable after initial testing.
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ARKR Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
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ARKR Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Dec 16, 2024 | $12.01 | $11.78 | -1.92% |
| Aug 12, 2024 | $11.99 | $11.80 | -1.58% |
| May 13, 2024 | $13.28 | $14.51 | +9.26% |
| Feb 12, 2024 | $13.75 | $13.65 | -0.73% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
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FAQ
When does Ark Restaurants (ARKR) report earnings?
Ark Restaurants (ARKR) is schdueled to report earning on Feb 17, 2025, TBA Not Confirmed.
What is Ark Restaurants (ARKR) earnings time?
Ark Restaurants (ARKR) earnings time is at Feb 17, 2025, TBA Not Confirmed.
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is ARKR EPS forecast?
Currently, no data Available
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