Ark Restaurants Announces Financial Results for the First Quarter of 2025
1. ARKR's Q1 revenue decreased to $44.99M, down from $47.49M last year. 2. Net income increased to $3.16M, a significant rise from $1.37M YoY. 3. Closure of El Rio Grande resulted in losses, offset by Tampa Food Court gains. 4. Same-store sales saw a decline of 2.3% when excluding certain closures. 5. Cash and cash equivalents stand at $13.1M, with total debt at $4.7M.