Ark Restaurants Corp. Q4 Earnings Down 14%, Shares Slip 3.6% Amid Challenges

Ark Restaurants Corp. reported a 14% YoY decline in Q4 revenue to $37.3 million, with a net loss of $1.9 million. However, the loss per share improved to $0.53 compared to $1.24 in the prior-year quarter. The company's full fiscal year revenue declined 9.7% to $165.8 million, and the net loss widened to $11.5 million. Ark Restaurants' same-store sales declined 10.1% for the quarter and 4.2% for the full year.