Ark Restaurants (ARKR) Reports Q4 EPS of $0.28
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Ark Restaurants Announces Financial Results for the Fourth Quarter and Full Year of 2016
December 29, 2016 4:13 PM ESTNEW YORK--(BUSINESS WIRE)-- Ark Restaurants Corp. (NASDAQ: ARKR) today reported financial results for the fourth quarter and full year ended October 1, 2016.
The Company reports fiscal years under a 52/53-week format. The fiscal year ended October 1, 2016 was a 52 week year. The prior fiscal year ended October 3, 2015 was a 53 week year. The three month period ended October 1, 2016 contained 13 weeks and the prior years three month period ended October 3, 2015 contained 14 weeks. Having one more week in the fourth quarter and full year ended October 1, 2015 distorts the comparison of results with the prior year periods.
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