American eatery Bryant Park Grill is owned by Ark Restaurants. Credit: libby.

US-based dining establishments operator Ark Restaurants has reported $44.807m in revenues for the third quarter ending 30 June 2019, compared to $44.8m from the previous year.

Earnings before interest, taxes, depreciation and amortization (EBITDA) of the restaurant chain increased to $5.83m for the three-month period, compared to $4.77m during the same period last year.

Go deeper with GlobalData

Data Insights

The gold standard of business intelligence.

Find out more

Related Company Profiles

View all

The restaurant company also reported a net income of $3.96m, or $1.14 per basic share, compared to $2.65m, or $0.77 per basic share for the same period last year.

Restaurant operating income of the company was $4.73m for the third quarter compared to $3.78m for the same period last year.

Company-wide same store sales decreased by 1.5% for the third quarter, compared to the same period last year.

For the nine-month period ended 30 June 2019, total revenues stood at $120.66m and net income was $3.23m. The company’s EBITDA was $9.7m, adjusted for non-controlling interest, non-cash stock option expense and losses incurred on the closure of Durgin-Park.

How well do you really know your competitors?

Access the most comprehensive Company Profiles on the market, powered by GlobalData. Save hours of research. Gain competitive edge.

Company Profile – free sample

Thank you!

Your download email will arrive shortly

Not ready to buy yet? Download a free sample

We are confident about the unique quality of our Company Profiles. However, we want you to make the most beneficial decision for your business, so we offer a free sample that you can download by submitting the below form

By GlobalData
Visit our Privacy Policy for more information about our services, how we may use, process and share your personal data, including information of your rights in respect of your personal data and how you can unsubscribe from future marketing communications. Our services are intended for corporate subscribers and you warrant that the email address submitted is your corporate email address.

On 12 January this year, the company closed Durgin-Park at the Faneuil Hall Marketplace in Boston due to decreased traffic and rising labour costs.

In addition, a newly formed, wholly-owned subsidiary of Ark Restaurants completed the acquisition of the assets of JB’s on the Beach for a total purchase price of $7m and inventory on 15 May this year.

JB’s on the Beach is a restaurant and bar located in Deerfield Beach, Florida, US.

Ark Restaurants currently owns and operates 20 restaurants and bars, 19 fast-food concepts and catering operations in New York City, Washington, Las Vegas and the gulf coast of Alabama.