Brief: Ark Restaurants Q3 Revenue USD 43.715 Million

Ark Restaurants

11/08/2025 21:20

Overview

Ark Restaurants fiscal Q3 revenue falls to $43.7 mln from $50.4 mln year ago

Adjusted EBITDA declines due to Bryant Park litigation expenses

Net loss affected by non-cash impairment charges at Sequoia restaurant

Outlook

Company notes potential adverse effects if Bryant Park leases not renewed

Result Drivers

LITIGATION COSTS - Ongoing litigation involving Bryant Park operations led to expenses exceeding $800,000, impacting EBITDA, per CEO Michael Weinstein

BRYANT PARK GRILL IMPACT - Revenue and cash flow at Bryant Park Grill suffered due to negative publicity from landlord dispute

SEQUOIA IMPAIRMENT - Non-cash impairment charges at Sequoia restaurant in D.C. affected net income due to challenging market conditions

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
Q3 Revenue
$43.72 mln
Q3 Net Income
-$3.20 mln
Q3 Adjusted EBITDA
$1.79 mln
Q3 EBIT
-$3.42 mln
Q3 EBITDA
-$2.06 mln


Press Release: ID:nBwbvR99va

(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.)