Ark Restaurants Q4 EPS $(2.88) Down From $0.21 YoY, Sales $44.40M Down From $46.88M YoY
Portfolio Pulse from Benzinga Newsdesk
Ark Restaurants (NASDAQ:ARKR) experienced a significant decline in Q4 earnings, reporting a loss of $(2.88) per share compared to a profit of $0.21 per share year-over-year. Sales also decreased by 5.30% to $44.40M from $46.88M in the same quarter last year.
December 18, 2023 | 9:20 pm
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Ark Restaurants reported a substantial decrease in Q4 EPS from $0.21 to $(2.88) and a sales decline of 5.30% to $44.40M compared to the previous year.
The reported loss in EPS represents a significant negative change from the previous year's profit, indicating a substantial decline in profitability. The decrease in sales further confirms a challenging quarter for Ark Restaurants. These factors are likely to negatively impact investor sentiment and the stock price in the short term.
CONFIDENCE 90
IMPORTANCE 90
RELEVANCE 100