Ark Restaurants Reports Q1 Earnings
Ark Restaurants Corp. (ARKR) reported fiscal first-quarter earnings of $3.2 million, translating to earnings per share of 88 cents. Adjusted for non-recurring gains, earnings were 18 cents per share.
The New York-based restaurant and bar operator generated revenue of $45 million during the quarter. Ark Restaurants shares have seen a 15% increase year-to-date.
At the close of trading on Monday, ARKR shares stood at $12.69, marking a 13% decline over the past year.