Q1 2026 Ark Restaurants Corp Earnings Call Transcript
Key Points
- Ark Restaurants Corp (ARKR) reported an improvement in adjusted EBITDA, which was approximately $150,000 better than the previous year.
- The company's operations in Las Vegas are performing well, with better results despite a general downturn on the strip.
- Ark Restaurants Corp (ARKR) has been efficient in managing costs, with a noticeable decrease in operating line costs such as food, beverage, and payroll.
- The Hollywood fast food operations in the Hard Rock are doing extremely well, contributing positively to the company's performance.
- The company is seeing potential expansion opportunities in Las Vegas, which could lead to future growth.
- Ark Restaurants Corp (ARKR) is experiencing a significant cash outflow due to the build-out of the America restaurant and litigation expenses at Bryant Park.
- The Florida restaurants have been underperforming, with revenues down by 10% to 13%, impacting overall margins.
- The company is facing challenges in New York due to ongoing litigation at Bryant Park, which is affecting event bookings.
- Weather conditions have negatively impacted operations in Florida, with some restaurants experiencing a 40% drop in revenue.
- There is potential dilution of ownership in the Meadowlands project, which could affect Ark Restaurants Corp (ARKR)'s stake in future casino operations.
Greetings, and welcome to the Ark Restaurants first-quarter 2026 results conference call. (Operator Instructions) It is now my pleasure to introduce your host, Ark's Secretary, Christopher Love. Thank you. You may begin.
Thank you, operator. Good morning and thank you for joining us on our conference call for the first-quarter ended December 27, 2025. My name is Christopher Love, and I am the Secretary of Ark Restaurants. With me on the call today is Michael Weinstein, our Chairman and CEO; and Anthony Sirica, our President and CFO.
For those of you who have not yet obtained a copy of our press release, it was issued over the Newswires yesterday and is available on our website. To review the full text of that press release, along with the associated financial tables, please go to our homepage at www.arkrestaurants.com.
Before we begin, however, I'd like to read the Safe Harbor Statement. I need to remind everyone that part
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