ARKR ARK RESTAURANTS CORP

BEARISH Impact: 7/10 8-K
Horizon weeks Filed May 11, 2026 Processed 1mo ago SEC 0000779544-26-000020
8-K Item 2.02: Earnings release
Latest settled — T+5d
ARKR ▲ +2.16% at T+5d
SHORT call ✗ call lost -2.16% · α vs SPY -2.09% · entry $6.47 → $6.61
Next anchor: T+20d due 4d ago
Currently $6.20 · +4.17% from $6.47 entry (call sign-flipped)
Entry anchored
May 11, 2026
via day open
T+1d
0.00%
call 0.00% · α +0.54%
$6.47
settled 5w ago
T+5d
+2.16%
call -2.16% · α -2.09%
$6.61
settled 26d ago
T+20d
—
call — · α —
—
due 4d ago
T+60d
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call — · α —
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in 8w

Price Chart

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Executive Summary

Ark Restaurants reported Q2 2026 results with a net loss of $(1.8M) or $(0.50) per share, compared to a $(9.3M) loss in the prior year. Revenue declined 7.9% YoY to $36.6M with same-store sales down 7.6%, while the company continues to face existential risk from the Bryant Park lease dispute, which contributed a $566K prepaid rent write-off this quarter.

Actionable Insight

The June 16 summary judgment hearing on the Bryant Park lease is the next major catalyst — a loss would force vacating ~13% of revenue locations. Monitor for any legislative progress on the NJ casino referendum by the August 3 deadline, which could unlock value in the NMR investment.

Key Facts

  • Q2 2026 revenue $36.6M, down 7.9% YoY from $39.7M
  • Same-store sales declined 7.6% in Q2 and 7.5% YTD
  • Net loss attributable to Ark Restaurants Corp. $(1.8M) or $(0.50) per share vs $(9.3M) or $(2.57) a year ago
  • Bryant Park locations now represent 13.3% of YTD revenue, down from 15.0% last year
  • Recorded $566K charge to write off prepaid rent related to Bryant Park litigation
  • Bryant Park lease dispute summary judgment hearing scheduled June 16, 2026; pre-trial conference September 22, 2026
  • Cash and equivalents $11.5M; total debt $7.6M
  • EBITDA as adjusted was $(592K) vs $(691K) in prior year Q2
  • NMR casino expansion referendum deadline August 3, 2026 — no vote scheduled yet

Financial Impact

Revenue decline of $3.1M YoY; $566K prepaid rent write-off; ongoing uncertainty on ~13% of revenue from Bryant Park locations

revenuenet incomesame-store salesoccupancy expenses

Risk Factors

  • Bryant Park lease litigation loss could force closure of restaurants representing 13.3% of revenue
  • Continued same-store sales declines across portfolio (7.6% in Q2)
  • NMR casino expansion may fail to get on November ballot, impairing investment value
  • D.C. market and Florida operations remain challenged by economic conditions

Market Snapshot

Exchange
Nasdaq
Sector
Retail-Eating Places

Documents Analyzed

This report is based on 6 SEC documents filed with EDGAR.

DocumentAccession Number
8-K Filing (Primary)0000779544-26-000020
Document: arkr-20260511.htm0000779544-26-000020
Document: 0000779544-26-000020-index-headers.html0000779544-26-000020
Document: 0000779544-26-000020-index.html0000779544-26-000020
Document: 0000779544-26-000020.txt0000779544-26-000020
8-K Data (Synthetic)0000779544-26-000020

US Market Status

Market Closed — Opens Mon (48h 51m)

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