trending Market Intelligence /marketintelligence/en/news-insights/trending/n5bPgeRTs7TeCtOY886i3w2 content esgSubNav
Log in to other products

Login to Market Intelligence Platform

 /


Looking for more?

Contact Us
In This List

Ark Restaurants fiscal Q3 profit climbs 52.4% YOY

Blog

What’s on the Horizon for the Cruise, Hotel & Resorts Sector?

Capital Markets View – February 2021

Blog

Latin America multichannel, broadband market 2020 recap

Blog

TMT News & Insights: February 2021


Ark Restaurants fiscal Q3 profit climbs 52.4% YOY

Ark Restaurants Corp. said its normalized net income for the fiscal third quarter ended June 27 amounted to 72 cents per share, an increase of 48.6% from 49 cents per share in the prior-year period.

Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was $2.5 million, an increase of 52.4% from $1.7 million in the year-earlier period.

The normalized profit margin climbed to 6.3% from 4.3% in the year-earlier period.

Total revenue climbed on an annual basis to $40.4 million from $39.1 million, and total operating expenses totaled $35.7 million, compared with $35.7 million in the year-earlier period.

Reported net income rose 45.2% on an annual basis to $3.2 million, or 92 cents per share, from $2.2 million, or 65 cents per share.