GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Restaurants » Ark Restaurants Corp (NAS:ARKR) » Definitions » Net Income

Ark Restaurants (Ark Restaurants) Net Income : $-6.3 Mil (TTM As of Dec. 2023)


View and export this data going back to 1985. Start your Free Trial

What is Ark Restaurants Net Income?

Net Income is the net profit that a company earns after deducting all costs and losses including cost of goods, SGA, DDA, interest expenses, non-recurring items and tax. Ark Restaurants's Net Income for the three months ended in Dec. 2023 was $1.4 Mil. Its Net Income for the trailing twelve months (TTM) ended in Dec. 2023 was $-6.3 Mil.

Net Income is linked to the most popular Earnings per Share (Diluted) number. Ark Restaurants's Earnings per Share (Diluted) for the three months ended in Dec. 2023 was $0.38.


Ark Restaurants Net Income Historical Data

The historical data trend for Ark Restaurants's Net Income can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

* Premium members only.

Ark Restaurants Net Income Chart

Ark Restaurants Annual Data
Trend Sep14 Sep15 Sep16 Sep17 Sep18 Sep19 Sep20 Sep21 Sep22 Sep23
Net Income
Get a 7-Day Free Trial Premium Member Only Premium Member Only 2.68 -4.69 12.90 9.28 -5.93

Ark Restaurants Quarterly Data
Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23
Net Income Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 1.73 -0.48 3.20 -10.36 1.37

Ark Restaurants Net Income Calculation

Net Income is the net profit that a company earns after deducting all costs and losses including cost of goods, SGA, DDA, interest expenses, non-recurring items and tax.

Net Income
= Revenue - Cost of Goods Sold - Selling, General, & Admin. Expense - Research & Development - Depreciation, Depletion and Amortization - Interest Expense - Non Operating Income (NRI) - Tax Expense + Others
= EBITDA - Depreciation, Depletion and Amortization - Interest Expense - Non Operating Income (NRI) - Tax Expense + Others
= Operating Income - Interest Expense - Non Operating Income (NRI) - Tax Expense + Others
= Pre-Tax Income - Tax Expense + Others

Ark Restaurants's Net Income for the fiscal year that ended in Sep. 2023 is calculated as

Net Income(A: Sep. 2023 )
= Pre-Tax Income + Tax Provision + Net Income (Discontinued Operations) + Others
=-5.422+0.064+0+-0.57
=-5.9

Ark Restaurants's Net Income for the quarter that ended in Dec. 2023 is calculated as

Net Income(Q: Dec. 2023 )
= Pre-Tax Income + Tax Provision + Net Income (Discontinued Operations) + Others
=1.754+-0.158+0+-0.226
=1.4

Net Income for the trailing twelve months (TTM) ended in Dec. 2023 adds up the quarterly data reported by the company within the most recent 12 months, which was $-6.3 Mil.

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.


Ark Restaurants  (NAS:ARKR) Net Income Explanation

Net Income is the most widely cited number in reporting a company's profitability. It is linked to the most popular earnings-per-share (EPS) number through:

Ark Restaurants's Earnings per Share (Diluted) (EPS) for the quarter that ended in Dec. 2023 is calculated as

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

Although Net Income and Earnings-per-Share (EPS) are the most widely used parameter in measuring a company's profitability and valuation, it is the least reliable. The reason is that reported earnings can be manipulated easily by adjusting any numbers such as Depreciation, Depletion and Amotorization and non-recurring items.

EPS is most useful for companies that have:

A predictable business
Consistent accounting methods
And few restructurings

The dividend paid to preferred stocks needs to be subtracted from the total net income in the calculation of EPS because common stock holders are not entitled to that part of the net income.


Be Aware

Warren Buffett looks for consistency and upward long term trend. Because of share repurchase it is possible for net earnings trend to differ from EPS trend. He preferred Net Income over EPS. The companies with durable competitive advantage companies report higher % net earnings to total revenues.

Important: If a company is showing net earnings history greater than 20% on total revenues, it is probably benefiting from a long term competitive advantage.

If net earnings is less than 10%, likely to be in a highly competitive business.


Ark Restaurants Net Income Related Terms

Thank you for viewing the detailed overview of Ark Restaurants's Net Income provided by GuruFocus.com. Please click on the following links to see related term pages.


Ark Restaurants (Ark Restaurants) Business Description

Traded in Other Exchanges
N/A
Address
85 5th Avenue, 14th Floor, New York, NY, USA, 10003
Ark Restaurants Corp owns and operates around 17 restaurants and bars, 16 fast food concepts, and catering operations in the USA. The Las Vegas operations include New York Hotel & Casino Resort, hotel room service operations, banquet facilities, employee dining room, food court concepts, and a restaurant within the Planet Hollywood Resort and Casino. It operates a restaurant and a bar in the Resorts Atlantic City Hotel and Casino and a restaurant in the Tropicana Hotel and Casino. The Florida operations include The Rustic Inn in Dania Beach, Shuckers in Jensen Beach, JB's on the Beach in Deerfield Beach, The Blue Moon Fish Company in Fort Lauderdale, and fast food facilities in Tampa and Hollywood. In Alabama, it operates Original Oyster Houses in Gulf Shores and Spanish Fort.
Executives
Satterfield Thomas A Jr 10 percent owner 2609 CALDWELL MILL LN, BIRMINGHAM AL 35243
Michael S Weinstein director, 10 percent owner, officer: Chairman & CEO C/O ARK RESTAURANTS CORP, 85 FIFTH AVENUE, NEW YORK NY 10003
Anthony Sirica director, officer: Chief Financial Officer 85 FIFTH AVENUE, NEW YORK NY 10003
Paul Gordon director, officer: Senior Vice President C/O ARK LAS VEGAS RESTAURANTS CORP, 3790 LAS VEGAS BLVD S SUITE 11, LAS VEGAS NV 89109
Vincent Pascal director, officer: Senior Vice President C/O ARK RESTAURANTS CORP, 85 FIFTH AVE, NEW YORK NY 10003
Steven Shulman director C/O PARAGON TECHNOLOGIES INC, 600 KUEBLER ROAD, EASTON PA 18040
Robert J Stewart director, officer: President and CFO C/O ARK RESTAURANTS CORP, 85 FIFTH AVE, NEW YORK NY 10003
Arthur Stainman director 320 EAST 72ND STREET, NEW YORK NY 10021
Bruce R Lewin director G&G RETAIL INC, 520 EIGHTH AVENUE, NEW YORK NY 10018
Robert Towers director, officer: Executive Vice President C/O ARK RESTAURANTS CORP, 85 FIFTH AVE, NEW YORK NY 10003
Marcia Allen director P.O. BOX 399, 2600 W. HOMESTEAD CIRCLE, WILSON WY 83014
Prides Capital Partners, Llc 10 percent owner 200 HIGH STREET, SUITE 700, BOSTON MA 02110
Robert Thomas Zankel director 808 BROADWAY, PHB, NEW YORK NY 10003
Stephen A Novick director ANDREA & CHARLES BRONFMAN PHILANTROPIES, 110 EAST 59TH STREET, 26TH FLOOR, NEW YORK NY 10022
Charles E Mccarthy 10 percent owner 200 HIGH STREET, SUITE 700, BOSTON MA 02110

Ark Restaurants (Ark Restaurants) Headlines

From GuruFocus

Ark Restaurants Announces Conference Call

By Business Wire Business Wire 12-18-2020

Ark Restaurants Announces Cancellation of March Dividend Payment

By Business Wire Business Wire 07-03-2020

Ark Restaurants Announces Conference Call

By Business Wire Business Wire 08-10-2022

Ark Restaurants a Quality Company With 4.93% Dividend

By OPM Insights Nelson Hsu 06-12-2016

Ark Restaurants Announces Declaration of Dividend

By Business Wire 08-08-2023

Ark Restaurants Announces Conference Call

By Business Wire 12-13-2023

Ark Restaurants Announces Conference Call

By Business Wire Business Wire 05-13-2021

Ark Restaurants Announces Conference Call

By Business Wire Business Wire 02-09-2022