Ark Restaurants Q2 revenue falls to $36.6 million; net loss narrows to $1.8 million
Ark Restaurants reported second-quarter 2026 results for the 13 weeks ended March 28, 2026. Revenue fell from $39.7 million a year earlier and same-store sales declined 7.6%, but the net loss attributable to the company narrowed to $1.8 million, or $0.50 per share, from $9.3 million, or $2.57 per share, a year earlier. The company also disclosed an ongoing lease dispute over its Bryant Park restaurants that it says has had a material adverse effect on its business.
Key points
- Total revenues were $36.6 million for the quarter versus $39.7 million a year earlier; same-store sales declined 7.6%.
- Net loss attributable to Ark Restaurants Corp. was $1.8 million, or $0.50 per share, versus $9.3 million, or $2.57 per share, in the prior-year quarter, which included a $3.4 million goodwill impairment and a $4.8 million deferred tax valua
- EBITDA, as adjusted, was a loss of $592,000 versus a loss of $691,000 a year earlier; the company recorded a $566,000 prepaid rent write-off in the quarter.
- A New York State Supreme Court hearing on summary judgment motions in the Bryant Park lease dispute is scheduled for June 16, 2026.
The filing
Written by AI on Nov 9, 2026, 8:51 AM ET, from this filing only. Written later: this filing was briefed after the fact, when past filings were added to the site, so the brief may be read with hindsight; the filing itself is the record of what was known on May 11, 2026.
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