Ark Restaurants Announces Financial Results for the Third Quarter of 2023
Ark Restaurants Corp. (NASDAQ:ARKR) today reported financial results for the third quarter ended July 1, 2023.
- Ark Restaurants Corp. (NASDAQ:ARKR) today reported financial results for the third quarter ended July 1, 2023.
- As required by our lease, Gallagher's Steakhouse at the New York-New York Hotel and Casino in Las Vegas, NV was substantially closed for renovation for the period from February 5, 2023 through April 27, 2023.
- Excluding Gallagher's Steakhouse, which was closed for part of the quarter, Company-wide same store sales decreased 2.6% for the 13 weeks ended July 1, 2023 as compared to the same period of the prior year.
- As of July 1, 2023, the Company had a cash balance of $13,986,000 and total outstanding debt of $7,721,000.