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December 21, 2018

Ark Restaurants reports $159.99m total revenues in FY2018

US-based dining establishments’ operator Ark Restaurants has reported total revenues of $159.99m for the fiscal year ending 29 September 2018 (FY2018), compared to $153.87m for the same period in 2017.

US-based dining establishments’ operator Ark Restaurants has reported total revenues of $159.99m for the fiscal year ending 29 September 2018 (FY2018), compared to $153.87m for the same period in 2017.

Earnings before interest, taxes, depreciation and amortisation (EBITDA) of the restaurant chain increased to $9.73m for the full year, compared to $9.19m during the same period last year.

The restaurant company also reported a net income of $4.65m, compared to $4.03m for the corresponding period in 2017.

Restaurant operating income was $5.03m for the fiscal year 2018, compared to $7m for the same period last year.

“Restaurant operating income was $5.03m for the fiscal year 2018, compared to $7m for the same period last year.”

In addition, total revenues of the company for the fourth quarter were $40.56m, compared to $39.46m for the same period of 2017.

Company-wide same store sales of the restaurant increased by 1.7% for Q4 compared to the same three months last year.

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The company also reported net income of $1.01m or $0.29 per basic share, compared to $1.31m or $0.38 per basic share for the fourth quarter of last year.

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.

The restaurant chain also operates hotel room service, banquet facilities, employee dining rooms, food court concepts and restaurants inside hotels.

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