Ark Restaurants Corp. (ARKR) Q3 2026 Earnings Call

Investor webinar replay

Replay transcript excerpt

Greetings. Welcome to Ark Restaurants Third Quarter twenty twenty six Earnings Conference Call. Please note this conference is being recorded. I will now turn the conference over to Christopher Love, Secretary. Thank you. You may begin. Thank you, operator. Good morning, and thank you for joining us on our conference call for the third quarter ended 06/27/2026. My name is Christopher Love, and I am the secretary of Ark Restaurants. With me on the call today is Michael Weinstein, our chairman and CEO, and Anthony Sirica, our president and CFO. For those of you who have not yet obtained a copy of our press release, it was issued over the newswires yesterday and is available on our website. To review the full text of that press release along with the associated financial tables, please go to our home page at www.arkrestaurants.com. Before we begin, however, I'd like to read the safe harbor statement. I need to remind everyone that part of our discussion this morning will include forward looking statements and that these statements are not guarantees of future performance, and therefore, undue reliance should not be placed on them. We refer everyone to our filings with the Securities and Exchange Commission for a more detailed discussion of the risks that may have a direct bearing on our operating results, performance, and financial condition. I'll now turn the call over to Anthony. Morning, everyone. Couple of things I wanna go over before we turn it over to Michael. Our cash is 9,400,000. Our debt is 7,100,000, which is up, 4,500,000 from the prior quarter. We drew down 5,000,000 in April, I believe it was to finance the construction of America in Las Vegas. Our EBITDA thirteen weeks ended June compared to the prior year was down $1,400,000 That's the result primarily ...