Ark Restaurants Q3 GAAP EPS $0.18 Down From $0.88 YoY, Sales $50.40M Down From $51.05M YoY
Portfolio Pulse from Benzinga Newsdesk
Ark Restaurants (NASDAQ:ARKR) reported a significant decrease in Q3 earnings per share (EPS) to $0.18, down 79.55% from $0.88 YoY. Sales also declined slightly to $50.40 million, a 1.28% decrease from $51.05 million YoY.
August 12, 2024 | 8:26 pm
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Ark Restaurants reported a significant drop in Q3 EPS to $0.18, down 79.55% YoY, and a slight decline in sales to $50.40 million. This indicates potential financial struggles and could negatively impact investor sentiment.
The significant drop in EPS and slight decline in sales suggest financial challenges for Ark Restaurants. This is likely to negatively impact investor sentiment and the stock price in the short term.
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RELEVANCE 100