Ark Restaurants Q1 2024 EPS $0.38 Down From $0.47 YoY; Revenue $47.487M Up From $$47.445M YoY
Portfolio Pulse from Benzinga Newsdesk
Ark Restaurants reported a decrease in EPS to $0.38 in Q1 2024 from $0.47 YoY, while revenue slightly increased to $47.487M from $47.445M YoY.

February 12, 2024 | 9:25 pm
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Ark Restaurants reported a decrease in EPS to $0.38 in Q1 2024 from $0.47 YoY, while revenue slightly increased to $47.487M from $47.445M YoY.
The decrease in EPS could be seen negatively by investors, indicating potentially lower profitability. However, the slight increase in revenue suggests that the company is still growing, albeit at a slow pace. This mixed result may lead to a neutral short-term impact on ARKR's stock price.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100