Ark Restaurants Q3 EPS $0.88 Down From $1.46 YoY, Sales $51.05M Down From $53.22M YoY
Portfolio Pulse from vinayak@benzinga.com
Ark Restaurants reported Q3 earnings of $0.88 per share, a decrease of 39.73% from the same period last year. The company also reported sales of $51.05 million, a decrease of 4.07% from the same period last year.
August 14, 2023 | 8:53 pm
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NEGATIVE IMPACT
Ark Restaurants reported a significant decrease in Q3 earnings and sales compared to the same period last year.
The significant decrease in both earnings and sales for Ark Restaurants indicates a negative financial performance for the company. This could potentially lead to a decrease in the company's stock price in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100