NEW YORK (AP) — NEW YORK (AP) — Ark Restaurants Corp. (ARKR) on Monday reported a loss of $4.5 million in its fiscal fourth quarter.
On a per-share basis, the New York-based company said it had a loss of $1.24. Earnings, adjusted for asset impairment costs and non-recurring costs, were 6 cents per share.
The restaurant and bar operator posted revenue of $43.4 million in the period.
For the year, the company reported that its loss narrowed to $3.9 million, or $1.08 per share. Revenue was reported as $183.5 million.
Ark Restaurants shares have dropped 15% since the beginning of the year. In the final minutes of trading on Monday, shares hit $12.01, a decline of 21% in the last 12 months.
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