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Proc-Type: 2001,MIC-CLEAR
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<SEC-DOCUMENT>0000950117-04-000577.txt : 20040210
<SEC-HEADER>0000950117-04-000577.hdr.sgml : 20040210
<ACCEPTANCE-DATETIME>20040210092504
ACCESSION NUMBER:		0000950117-04-000577
CONFORMED SUBMISSION TYPE:	8-K
PUBLIC DOCUMENT COUNT:		2
CONFORMED PERIOD OF REPORT:	20040209
ITEM INFORMATION:		
FILED AS OF DATE:		20040210

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			ARK RESTAURANTS CORP
		CENTRAL INDEX KEY:			0000779544
		STANDARD INDUSTRIAL CLASSIFICATION:	RETAIL-EATING PLACES [5812]
		IRS NUMBER:				133156768
		STATE OF INCORPORATION:			NY
		FISCAL YEAR END:			0930

	FILING VALUES:
		FORM TYPE:		8-K
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	001-09453
		FILM NUMBER:		04579668

	BUSINESS ADDRESS:	
		STREET 1:		85 FIFTH AVENUE
		CITY:			NEW YORK
		STATE:			NY
		ZIP:			10003-3019
		BUSINESS PHONE:		2122068800

	MAIL ADDRESS:	
		STREET 1:		85 FIFTH AVENUE
		CITY:			NEW YORK
		STATE:			NY
		ZIP:			10003-3019
</SEC-HEADER>
<DOCUMENT>
<TYPE>8-K
<SEQUENCE>1
<FILENAME>a37040.txt
<DESCRIPTION>ARK RESTAURANTS CORP.
<TEXT>


<PAGE>



                                  UNITED STATES
                       SECURITIES AND EXCHANGE COMMISSION
                              Washington, DC 20549


                                    Form 8-K


                                 Current Report

     Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934


       Date of Report (Date of earliest event reported): February 9, 2004


                              Ark Restaurants Corp.
             (Exact name of registrant as specified in its charter)


                                     0-14030
                            (Commission File Number)


            New York                                  13-3156768
  ----------------------------              --------------------------------
  (State or other jurisdiction              (I.R.S. Employer Identification)
       of incorporation)


                                 85 Fifth Avenue
                               New York, NY 10003
             (Address of principal executive offices, with zip code)


                                 (212) 206-8800
              (Registrant's telephone number, including area code)


                                       N/A
          (Former name or former address, if changed since last report)





<PAGE>


Item 12.  Results of Operations and Financial Condition

     The information in this Current Report is being furnished and shall not be
deemed "filed" for purposes of Section 18 of the Securities Exchange Act of 1934
(the "Exchange Act"), or otherwise subject to the liabilities of that Section.
The information in this Current Report shall not be incorporated by reference in
any filing under the Securities Act of 1933 or the Exchange Act, except as shall
be expressly set forth by specific reference in such a filing.

     On February 9, 2004, Ark Restaurants Corp. issued a press release
announcing its first quarter financial results for 2004, the text of which is
furnished herewith as Exhibit 99.1.




                                   SIGNATURES

     Pursuant to the requirements of the Securities Exchange Act of 1934, the
Registrant has duly caused this report to be signed on its behalf by the
undersigned hereunto duly authorized.

                                  ARK RESTAURANT CORP.


                                  By:  /s/ Michael Weinstein
                                       ---------------------
                                  Chief Executive Officer




Date:  February 9, 2004





<PAGE>


INDEX TO EXHIBITS

 Exhibit    Description
 -------    -----------
   99.1     Press Release dated February 9, 2004 entitled "Ark Restaurants
Announces First Quarter Financial Results."






</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>EX-99
<SEQUENCE>3
<FILENAME>ex99-1.txt
<DESCRIPTION>EXHIBIT 99.1
<TEXT>


<PAGE>


                                                                   Exhibit 99.1


                            Ark Restaurants Announces
                         First Quarter Financial Results


CONTACT:
Robert Towers
(212) 206-8800

NEW YORK, New York - February 9, 2004 - Ark Restaurants Corp. (NASDAQ: ARKR)
today reported financial results for the first quarter ended December 27, 2003.

For the three months ended December 27, 2003 total revenues were $27.1 million
versus $25 million in the first fiscal quarter of last year. Revenues for both
periods were adjusted as a result of the sale of two restaurants, one located in
Islamorada, Florida, and one located in New York City, and their
reclassification to discontinued operations as required by Generally Accepted
Accounting Principles. Net income for the first quarter was $556,000 compared to
a net loss of $116,000 in the year ago first quarter. Net basic income per share
was $0.18 during the first quarter of 2004 compared to a net basic loss per
share of $0.04 during the first quarter of 2003. EBITDA for the quarter was $2
million versus $1.2 million last year.

As of December 27, 2003 borrowings on the Company's credit facility had been
reduced to $7.8 million compared to $14.9 million as of December 28, 2002.

On a Company-wide basis same store sales increased 6.0% during the first quarter
ended December 27, 2003 compared with last year's first quarter. Las Vegas
continued to show strong growth with same stores sales increasing 12.4% over the
previous year's comparable quarter. Washington D.C. same store sales increased
6.1% while New York's decreased 2.0% during the first quarter of fiscal 2004
versus the first quarter of fiscal 2003.

Presently the Company is in construction to build fast food facilities at two
casino properties operated by the Seminole Indian Tribe in Tampa and Hollywood,
Florida. The Tampa property fast food facilities will have five concepts while
it is anticipated that the Hollywood fast food facilities will have eight. The
Company has partners in this venture who assumed the financial risk. The Tampa
operations are scheduled to open on March 1, 2004 followed by Hollywood on April
15, 2004.

Ark Restaurants owns and operates 24 restaurants, 26 fast food concepts
(including those mentioned above), catering operations and wholesale and retail
bakeries. Twelve restaurants are located in New York City; 8 in Las Vegas,
Nevada; and four in Washington, DC. The Las Vegas operations include three
restaurants within the New York-New York Hotel & Casino Resort and operation of
the Resort's room service, banquet facilities, employee dining room and eight
food court concepts; four restaurants and bars within the Venetian Casino Resort
as well as four food court concepts. The





<PAGE>


Company also owns and operates one restaurant within the Forum Shops at Caesar's
Shopping Center and one restaurant at the Neonopolis Center at Fremont Street.





<PAGE>



Ark Restaurants Corp
Consolidated Income Statement
For the 13 weeks ended December 27, 2003 and December 28, 2002
(in thousands except for per share amounts)

<TABLE>
<CAPTION>
                                                        13 weeks to         13 weeks to
                                                         12/27/2003          12/28/2002
                                                        -----------         -----------
<S>                                                      <C>                 <C>
REVENUES:
Food & beverage sales                                    $   27,007          $   24,867
Other income                                                     98                  98
                                                         ----------          ----------
              Total Revenues                                 27,105              24,965

COSTS & EXPENSES:
Food & beverage cost of sales                                 6,998               6,217
Payroll expenses                                              9,007               8,662
Occupancy expenses                                            4,373               4,130
Other operating costs and expenses                            3,409               3,407
General & administrative expenses                             1,473               1,591
Depreciation & amortization expenses                          1,063               1,134
                                                         ----------          ----------
              Total costs and expenses                       26,323              25,141

Operating income (loss)                                         782                (176)

OTHER (INCOME) EXPENSE:
Interest expense                                                 93                 222
Interest income                                                 (35)                 (7)
Other income                                                    (92)               (255)
                                                         ----------          ----------
Total other (income) expense                                    (34)                (40)
                                                         ----------          ----------
Income (loss) from continuing operations
  before income taxes                                           816                (136)

Provision (benefit) for income taxes                            286                 (52)
                                                         ----------          ----------
Income (loss) from continuing operations                        530                 (84)

DISCONTINUED OPERATIONS:
Income (loss) from operations of discontinued
  restaurants (including gains on disposal
  of $343,000 and $0, respectively)                              40                 (51)

Provision (benefit) for income taxes                             14                 (19)
                                                         ----------          ----------
Income (loss) from discontinued operations                       26                 (32)

NET INCOME (LOSS)                                        $      556                (116)
                                                         ==========          ==========

INCOME (LOSS) per share:
Continuing operations basic                              $     0.17              ($0.03)
Discontinued operations basic                            $     0.01              ($0.01)
                                                         ----------          ----------
Net basic                                                $     0.18              ($0.04)

Continuing operations diluted                            $     0.16              ($0.03)
Discontinued operations diluted                          $     0.01              ($0.01)
                                                         ----------          ----------
Net diluted                                              $     0.17              ($0.04)

Basic Shares                                              3,181,299           3,181,299
Diluted Shares                                            3,321,947           3,196,770


EBITDA Reconciliation
Pre tax earnings                                         $      856          $     (187)
Depreciation and amortization                                 1,063               1,134
Interest                                                         58                 215
                                                         ----------          ----------
EBITDA  (a)                                              $    1,977          $    1,162
                                                         ==========          ==========
</TABLE>


     (a) EBITDA is defined as earnings before interest, taxes, depreciation and
         amortization and cumulative effect of changes in accounting principle.
         Although EBITDA is not a measure of performance or liquidity calculated
         in accordance with generally accepted accounting principles (GAAP), the
         Company believes the use of the non-GAAP financial measure EBITDA
         enhances an overall understanding of the Company's past financial
         performance as well as providing useful information to the investor
         because of its historical use by the Company as both a performance
         measure and measure of liquidity, and the use of EBITDA by virtually
         all companies in the restaurant sector as a measure of both performance
         and liquidity. However, investors should not consider this measure in
         isolation or as a substitute for net income, operating income, cash
         flows from operating activities or any other measure for determining
         the Company's operating performance or liquidity that is calculated in
         accordance with GAAP, it may not necessarily be comparable to similarly
         titled Measures employed by other companies. A reconciliation of EBITDA
         to the most comparable GAAP financial measure, net income, is included
         above.



</TEXT>
</DOCUMENT>
</SEC-DOCUMENT>
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