The June 16 summary judgment hearing on the Bryant Park lease is the next major catalyst — a loss would force vacating ~13% of revenue locations. Monitor for any legislative progress on the NJ casino referendum by the August 3 deadline, which could unlock value in the NMR investment.
Price Chart
Executive Summary
Ark Restaurants reported Q2 2026 results with a net loss of $(1.8M) or $(0.50) per share, compared to a $(9.3M) loss in the prior year. Revenue declined 7.9% YoY to $36.6M with same-store sales down 7.6%, while the company continues to face existential risk from the Bryant Park lease dispute, which contributed a $566K prepaid rent write-off this quarter.
Key Financial Metrics
Key Facts
- Q2 2026 revenue $36.6M, down 7.9% YoY from $39.7M
- Same-store sales declined 7.6% in Q2 and 7.5% YTD
- Net loss attributable to Ark Restaurants Corp. $(1.8M) or $(0.50) per share vs $(9.3M) or $(2.57) a year ago
- Bryant Park locations now represent 13.3% of YTD revenue, down from 15.0% last year
- Recorded $566K charge to write off prepaid rent related to Bryant Park litigation
- Bryant Park lease dispute summary judgment hearing scheduled June 16, 2026; pre-trial conference September 22, 2026
- Cash and equivalents $11.5M; total debt $7.6M
- EBITDA as adjusted was $(592K) vs $(691K) in prior year Q2
- NMR casino expansion referendum deadline August 3, 2026 — no vote scheduled yet
Financial Impact
Revenue decline of $3.1M YoY; $566K prepaid rent write-off; ongoing uncertainty on ~13% of revenue from Bryant Park locations
Risk Factors
- Bryant Park lease litigation loss could force closure of restaurants representing 13.3% of revenue
- Continued same-store sales declines across portfolio (7.6% in Q2)
- NMR casino expansion may fail to get on November ballot, impairing investment value
- D.C. market and Florida operations remain challenged by economic conditions
Market Snapshot
Investment Themes
Documents Analyzed
This report is based on 6 SEC documents filed with EDGAR.
| Document | Accession Number |
|---|---|
| 8-K Filing (Primary) | 0000779544-26-000020 |
| Document: arkr-20260511.htm | 0000779544-26-000020 |
| Document: 0000779544-26-000020-index-headers.html | 0000779544-26-000020 |
| Document: 0000779544-26-000020-index.html | 0000779544-26-000020 |
| Document: 0000779544-26-000020.txt | 0000779544-26-000020 |
| 8-K Data (Synthetic) | 0000779544-26-000020 |
Track record builds as more directional reports settle.
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
Aug 10, 2026 11w ago | 8-K | $5.90 $4.90 | ▲ +16.95% | ▲ +15.89% | $4.51 (+23.56%) |
Jun 26, 2026 17w ago | 8-K | $5.66 $5.94 | ▲ +5.04% | ▲ +5.32% | $4.51 (−20.25%) |
May 11, 2026 24w ago | 8-K | $6.47 $6.06 | ▲ +6.34% | ▲ +4.61% | $4.51 (+30.29%) |
US Market Status
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