Ark Restaurants (ARKR) Reports Q1 EPS of $0.46

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Ark Restaurants Announces Financial Results for the First Quarter of 2018

February 12, 2018 4:05 PM EST

NEW YORK--(BUSINESS WIRE)-- Ark Restaurants Corp. (NASDAQ: ARKR) today reported financial results for the first quarter ended December 30, 2017.

Total revenues for the three-month period ended December 30, 2017 were $39,352,000 versus $38,420,000 for the three months ended December 31, 2016. The comparison of sales is skewed by New Years Eve which did not fall in the just completed quarter but was included in revenue in the December 2016 quarter. The December 2016 quarter included revenues of $1,496,000 from three restaurants that did not operate during the December 2017 quarter. Also, during the quarter ended December 30, 2017 the revenues from our two Oyster House... More