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Ark Restaurants Corp. (ARKR)
:ARKR
Earnings Data
Report Date
May 19, 2025TBA Not Confirmed
Period Ending
2025 (Q2)Consensus EPS Forecast
―Last Year’s EPS
-0.4Same Quarter Last Year
Based on 0 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Feb 10, 2025
|% Change Since: -14.43%
|Next Earnings Date:May 19, 2025
Earnings Call Sentiment|Neutral
The earnings call presented a mix of positive and negative aspects. While there are notable achievements like the Tampa Food Court buyout and operational efficiency improvements, challenges such as the Bryant Park lease situation and demand issues in Washington, DC present significant hurdles.Company Guidance
During the Ark Restaurants first quarter 2025 results conference call, several key financial metrics and operational strategies were highlighted. The company reported a cash balance of $13.1 million at quarter-end, with $1.9 million owed to minority shareholders. It included a $5.2 million gain from the Tampa Food Court transaction and faced $146,000 in residual losses from the closure of Rio Grande. Ark Restaurants' debt stood at $4.7 million. Sales performance varied by location, with strong sales in Alabama and decent results in Las Vegas, while Washington, DC faced demand challenges. The company is focusing on efficiency improvements in payroll and operations to enhance margins. They are also navigating strategic decisions regarding their operations at Bryant Park amid potential changes in their lease arrangement. Additionally, Ark is exploring capital allocation strategies, contingent on the outcome of the Bryant Park situation, which could impact dividend payouts and stock buybacks.Tampa Food Court Buyout
The company received a buyout payment of $5.5 million from the Tampa Food Court landlord, resulting in a gain of $5.2 million on the P&L.
Stable Cash and Debt Position
The cash balance at the end of the quarter was $13.1 million, with a debt of $4.7 million, indicating a stable financial position.
Positive Sales in Select Locations
Sales in Alabama continue to be very good, and Las Vegas is seeing a decent performance, with expectations of a 10-12% increase in business to justify new rents.
Operational Efficiency Improvements
The company is revamping schedules and payrolls to improve operational efficiency, which is expected to show in operating profits in the coming quarters.
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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 |
|---|---|---|---|
| Feb 10, 2025 | $12.68 | $12.53 | -1.18% |
| 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% |
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 Corp. (ARKR) report earnings?
Ark Restaurants Corp. (ARKR) is schdueled to report earning on May 19, 2025, TBA Not Confirmed.
What is Ark Restaurants Corp. (ARKR) earnings time?
Ark Restaurants Corp. (ARKR) earnings time is at May 19, 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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