ARKR Investors Wait on $24 Million Bryant Park Renewal
Ark Restaurants shares closed at $6.68, valuing the company at $24.1 million, as investors weighed a 7.6% drop in same-store sales and ongoing lease litigation over its Bryant Park locations. The company posted a net loss of $1.8 million for the quarter ended March 28. Lease uncertainty and weak traffic hit results across all regions. A court hearing on the Bryant Park dispute is set for June 16.