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Ark Restaurants fiscal Q2 loss widens YOY

Ark Restaurants Corp. said its normalized net income for the fiscal second quarter ended April 2 came to a loss of 16 cents per share, compared with a loss of 16 cents per share in the second quarter ended March 28, 2015.

Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was a loss of $538,630, compared with a loss of $525,380 in the second quarter ended March 28, 2015.

The normalized profit margin increased to negative 1.6% from negative 1.7% in the year-earlier period.

Total revenue climbed 8.6% year over year to $34.3 million from $31.5 million, and total operating expenses climbed 8.4% on an annual basis to $34.9 million from $32.2 million.

Reported net income came to a loss of $649,420, or a loss of 19 cents per share, compared to a loss of $574,940, or a loss of 17 cents per share, in the second quarter ended March 28, 2015.