Ark Restaurants highlights Meadowlands casino potential and efficiency priorities while facing Bryant Park legal issues.
Management Insights: CEO Michael Weinstein reported improved operational efficiency and cash flows in key markets, but noted ongoing revenue declines in Florida. He provided updates on the Meadowlands casino opportunity and Bryant Park litigation, indicating potential business developments by 2027.
Financial Performance: CFO Anthony Sirica reported cash holdings of $11.3 million and a decrease in adjusted EBITDA to $1.4 million, primarily due to legal fees related to Bryant Park. The company faced negative quarterly EBITDA linked to these challenges.
Analyst Sentiment: Analysts expressed frustration over management's strategic direction and lack of insider buying, questioning the effectiveness of leadership and the company's turnaround efforts. Management's tone shifted from confident to defensive during the Q&A session.
Future Outlook: Despite challenges, management remains optimistic about operational improvements in Las Vegas and is actively pursuing new acquisitions. The success of the Meadowlands casino opportunity is contingent on regulatory approval, while the Bryant Park litigation continues to impact financials.
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- Financial Overview: As of December 27, 2025, Ark Restaurants reported an adjusted EBITDA of $1.529 million, up approximately 15.5% from $1.378 million in the prior year, indicating some operational improvement; however, net income plummeted from $3.164 million to $0.896 million, reflecting a significant decline in overall profitability.
- Market Challenges: The Bryant Park Grill's business has been severely impacted by negative publicity stemming from a lease dispute with the landlord, leading to a 7.3% decline in same-store sales, despite other restaurants performing well, highlighting the tough market environment.
- Balance Sheet Status: The company had cash and cash equivalents of $9.139 million and total debt of $2.987 million as of December 27, 2025, with a strong balance sheet supporting future growth; however, ongoing legal disputes may affect financial stability.
- Litigation Progress: Ark Restaurants has initiated legal proceedings in New York State Supreme Court regarding the lease award process for the Bryant Park locations, and while the company continues to operate, the uncertainty surrounding this issue could have a significant adverse impact on future revenues, especially since these locations accounted for approximately 41.8% of total revenue.
- Conference Call Announcement: Ark Restaurants Corp. will hold a conference call on February 10, 2026, at 11:00 a.m. Eastern Time to discuss Q1 financial results ending December 27, 2025, reflecting the company's commitment to transparency and investor communication.
- Diverse Participation Options: Investors can join the call by dialing toll-free 1-877-407-4018 or international 1-201-689-8471, or by using the Call me™ link for instant access, showcasing the company's flexibility and convenience in technology application.
- Live Broadcast and Replay: The call will be broadcasted live online, with a replay available within three hours post-call until February 17, 2026, indicating the company's emphasis on information dissemination and commitment to investor service.
- Business Overview: Ark Restaurants operates 16 restaurants and 12 fast food concepts across New York City, Florida, Washington, D.C., Las Vegas, and Alabama, demonstrating its extensive market presence and potential for business expansion.
Stock Performance: Ark Restaurants Corp. (ARKR) has seen a significant decline of 31.8% in its stock over the past six months, underperforming both the industry and broader market indices, with ongoing legal issues and mixed performance across its restaurant portfolio contributing to this downturn.
Financial Results: The company reported weaker fiscal fourth-quarter results, citing lower traffic at key locations and disruptions from litigation at Bryant Park, which have negatively impacted revenue and event bookings, despite some operational improvements in Las Vegas and select New York restaurants.
Operational Challenges: Elevated legal costs and inflation in labor and operating expenses continue to pressure Ark Restaurants' profitability, with management acknowledging the need for improved efficiency and pricing strategies to offset these challenges.
Future Outlook: While there is potential for long-term growth tied to the Meadowlands Racetrack investment, the current mixed operating environment and ongoing legal uncertainties suggest that the stock may be more suitable for risk-tolerant investors, with existing shareholders advised to monitor developments closely.

Management Insights: CEO Michael Weinstein reported improved operational efficiency and cash flows in key markets, but noted ongoing revenue declines in Florida. He provided updates on the Meadowlands casino opportunity and Bryant Park litigation, indicating potential business developments by 2027.
Financial Performance: CFO Anthony Sirica reported cash holdings of $11.3 million and a decrease in adjusted EBITDA to $1.4 million, primarily due to legal fees related to Bryant Park. The company faced negative quarterly EBITDA linked to these challenges.
Analyst Sentiment: Analysts expressed frustration over management's strategic direction and lack of insider buying, questioning the effectiveness of leadership and the company's turnaround efforts. Management's tone shifted from confident to defensive during the Q&A session.
Future Outlook: Despite challenges, management remains optimistic about operational improvements in Las Vegas and is actively pursuing new acquisitions. The success of the Meadowlands casino opportunity is contingent on regulatory approval, while the Bryant Park litigation continues to impact financials.
- Declining Financial Performance: For the fourth quarter ended September 27, 2025, Ark Restaurants reported an adjusted EBITDA of negative $1.071 million, a significant drop from positive $503,000 in the same quarter last year, primarily due to litigation expenses exceeding $400,000 related to Bryant Park operations, which adversely affected profitability.
- Widening Net Loss: The company recorded a net loss of $1.919 million for the quarter, translating to a loss of $0.53 per share, which is an improvement from a net loss of $4.457 million or $1.24 per share in the prior year, yet still reflects ongoing financial pressures.
- Revenue Decline: Total revenues for the fiscal year 2025 were $165.751 million, down 9.6% from $183.545 million in fiscal year 2024, with uncertainties surrounding the Bryant Park Grill and The Porch significantly impacting overall performance.
- Asset Impairment Risks: With the leases for Bryant Park Grill and The Porch expiring, Ark Restaurants faces potential asset impairment risks that could adversely affect its future financial condition and growth prospects.

- Financial Performance Decline: For the fourth quarter ending September 27, 2025, Ark Restaurants Corp. reported an adjusted EBITDA of negative $1.071 million, a significant drop from positive $503,000 in the prior year, primarily due to litigation costs exceeding $400,000 related to Bryant Park operations, which has intensified financial pressure on the company.
- Widening Net Loss: The company recorded a net loss of $1.919 million for the quarter, translating to a loss of $0.53 per share, which is an improvement compared to a net loss of $4.457 million or $1.24 per share in the same quarter last year, yet still reflects ongoing financial challenges.
- Revenue Decline: Total revenues for the fiscal year 2025 were $165.751 million, down 9.6% from $183.545 million in fiscal year 2024, with uncertainty surrounding the Bryant Park Grill and The Porch negatively impacting overall performance, cash flow, and market confidence.
- Strong Balance Sheet: As of September 27, 2025, the company had cash and cash equivalents of $11.324 million and total outstanding debt of $3.609 million, indicating that despite the challenges, the company maintains a degree of financial flexibility to support future growth potential.







