Restaurant News Resource - Ark Restaurants Restaurant Industry News

Company-wide same store sales increased 8.9% for the three-month period ended December 31, 2011 compared to the same three month period last year.

Ark Restaurants Corp. (NASDAQ:ARKR) announced that Robert Towers has submitted his resignation as President and Chief Operating Officer effective January 1, 2012. Mr. Towers, who has been with the company in varying capacities for 28 years, decided to leave Ark to pursue several other business opportunities.

Company-wide same store sales (including VIEs) increased 4.2% for the three-month period ended October 1, 2011 compared to the same three month period last year. For fiscal 2011 company-wide same store sales (including VIEs) increased 4.9% compared to the same period last year.

Ark Restaurants Corp. (NASDAQ: ARKR) announced that it has closed on its transaction with the Estate of Irving Hershkowitz to purchase 250,000 shares of the Company’s common stock from the seller at a price of $12.50 per share, or a total of $3,125,000, on December 9, 2011.

Ark Restaurants Corp. (NASDAQ:ARKR) announced that it has entered into an agreement with the Estate of Irving Hershkowitz to purchase 250,000 shares of the Company’s common stock from the seller at a price of $12.50 per share, or a total of $3,125,000.

Total revenues for the three-month period ended July 2, 2011 were $39,357,000 versus $35,162,000 in the three months ended July 3, 2010. The three-month period ended July 2, 2011 total revenues include $5,895,000 of consolidated VIE revenues.

Total revenues for the three-month period ended April 2, 2011 were $30,219,000 versus $25,113,000 in the three months ended April 3, 2010. For the three-month period ended April 2, 2011 total revenues include $5,748,000 of consolidated VIE revenues.

The Company reports fiscal years under a 52/53-week format. The fiscal year ended October 2, 2010 was a 52 week year.

Total revenues for the three month period ended July 3, 2010 were $35.2 million versus $31.1 million in the same period last year. Total revenues for the nine month period ended July 3, 2010 were $85.9 million versus $81.7 million in the same period last year.

Total revenues for the three month period ended April 3, 2010 were $25.1 million versus $23.8 million in the same period last year. Total revenues for the six month period ended April 3, 2010 were $50.7 million versus $50.5 million in the same period last year.