Ark Restaurants Q2 revenue falls

Ark Restaurants

11/05/2026 22:06

Overview

U.S. restaurant operator's Q2 revenue declined yr/yr as same-store sales fell 7.6%

Q2 net loss narrowed compared to prior yr

Company cites Bryant Park lease uncertainty as ongoing drag on revenue and results

Outlook

Company expects ongoing lease uncertainty at Bryant Park Grill to adversely affect results

Company says Florida revenues remain challenged by current economic climate

Result Drivers

BRYANT PARK LEASE UNCERTAINTY - Co said ongoing lease dispute at Bryant Park Grill and Café continued to hurt business due to customer confusion and reduced event bookings

PREPAID RENT WRITE-OFF - Co recorded $566,000 charge to write off prepaid rent for Bryant Park locations amid legal dispute

WEAK FLORIDA AND D.C. MARKETS - Co said Florida revenues remain challenged by economic climate and D.C. market continues to be difficult

Company press release: ID:nBw7CrpqKa

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
Q2 Revenue
$36.6 mln
Q2 EPS
-$0.50
Q2 Adjusted EBITDA
-$592,000
Q2 EBIT
-$1.7 mln


For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact reuters.support@thomsonreuters.com.

(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)