Ark Restaurants (ARKR) Declares $0.125 Quarterly Dividend; 2.6% Yield
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Ark Restaurants Announces Financial Results for the First Quarter of 2023 and Declaration of Quarterly Cash Dividend
February 13, 2023 4:05 PM ESTNEW YORK--(BUSINESS WIRE)-- Ark Restaurants Corp. (NASDAQ: ARKR) today reported financial results for the first quarter ended December 31, 2022.
Financial Results
Total revenues for the 13 weeks ended December 31, 2022 were $47,445,000 versus $43,986,000 for the 13 weeks ended January 1, 2022.
The increase in revenues for the 13 weeks ended December 31, 2022 compared to the same period of last year was driven by increased customer traffic and targeted menu price increases in Las Vegas, New York and Washington, D.C. In addition, New York and Washington, D.C. benefited from strong revenues from our... More
