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Proc-Type: 2001,MIC-CLEAR
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<SEC-DOCUMENT>0000950117-05-001963.txt : 20050517
<SEC-HEADER>0000950117-05-001963.hdr.sgml : 20050517
<ACCEPTANCE-DATETIME>20050517125940
ACCESSION NUMBER:		0000950117-05-001963
CONFORMED SUBMISSION TYPE:	8-K
PUBLIC DOCUMENT COUNT:		2
CONFORMED PERIOD OF REPORT:	20050516
ITEM INFORMATION:		Results of Operations and Financial Condition
FILED AS OF DATE:		20050517
DATE AS OF CHANGE:		20050517

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:		05837897

	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>a39841.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): May 16, 2005

                              ARK RESTAURANTS CORP.
                              ---------------------
             (Exact name of registrant as specified in its charter)

                         Commission file number 0-14030



           New York                                     13-3156768
- --------------------------------                  -----------------------
(State or other jurisdiction of                      (I.R.S. Employer
 incorporation or organization)                      Identification No.)


                                 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 2.02.  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 May 16, 2005, Ark Restaurants Corp. issued a press release announcing
its second quarter financial results for 2005, the text of which is furnished
herewith as Exhibit 99.1.



<PAGE>

                                   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:  May 17, 2005


<PAGE>



INDEX TO EXHIBITS

Exhibit    Description
- -------    -----------
   99.1    Press Release dated May 16, 2005 entitled "Ark Restaurants Announces
           Financial Results for the Second Quarter and Six Months Ended
           April 2, 2005."


</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>EX-99
<SEQUENCE>2
<FILENAME>ex99-1.txt
<DESCRIPTION>EXHIBIT 99.1
<TEXT>

<PAGE>

                                                                    Exhibit 99.1

       Ark Restaurants Announces Financial Results for the Second Quarter
                       and Six Months Ended April 2, 2005


CONTACT:
Robert Towers
(212) 206-8800
bob@arkrestaurants.com


NEW YORK, New York -- May 16, 2005 -- Ark Restaurants Corp. (NASDAQ:ARKR) today
reported financial results for the second quarter and six month periods ended
April 2, 2005.

For the three months ended April 2, 2005, the Company's income from continuing
operations decreased to $135,000, or $0.04 per share ($0.04 per diluted share),
from $493,000, or $0.15 per share ($0.15 per diluted share), for the same period
last year. Income from continuing operations for the three months ended April 2,
2005 was negatively impacted as a result of New Years Eve and New Years Day
falling in the January quarter of the Company's current fiscal year, while, in
the 2004 fiscal year, New Years Eve and New Years Day fell in the March quarter;
and by the closure of the Company's "Venus" bar/nightclub for re-concepting
during a portion of the second quarter. This facility re-opened as "Vivid" on
February 4, 2005.

Total revenues from continuing operations for the three-month period ended April
2, 2005 were $24.8 million versus $24.9 million in the same period last year.
Revenues from the Company's Las Vegas operations represented 68% of the
Company's total revenues from continuing operations during the three-month
period ended April 2, 2005. Compared to the same period last year, same store
sales in the Company's Washington D.C. operations increased by 5.9%, same store
sales in the Company's New York City operations increased by 2.5% and same store
sales in the Company's Las Vegas operations decreased by 3.7%. Total revenues
from continuing operations and same store sales for the three-month period ended
April 2, 2005 were, likewise, negatively impacted as a result of New Years Eve
and New Years Day falling in the first quarter of the Company's current fiscal
year, while, in the 2004 fiscal year, New Years Eve and New Years Day fell in
the second quarter; and by the closure of the Company's "Venus" bar/nightclub
for re-concepting during a portion of the second quarter.

For the six months ended April 2, 2005, the Company's income from continuing
operations increased to $1,304,000, or $0.38 per share ($0.37 per diluted
share), from $911,000, or $0.28 per share ($0.27 per diluted share), for the
same period last year.

Total revenues from continuing operations for the six-month period ended April
2, 2005 were $51.7 million versus $49.5 million in the same period last year.
Revenues from the Company's Las Vegas operations represented 63% of the
Company's total revenues from continuing operations during the six-month period
ended April 2, 2005.

EBITDA from continuing operations for the three-month period ended April 2, 2005
was $970,000 versus $1,840,000 during the same three-month period last year.
EBITDA from continuing operations for the three-month period ended April 2, 2005
was, likewise, negatively impacted as a result of New Years Eve and New Years
Day falling in the first quarter of the Company's current fiscal year, while, in
the 2004 fiscal year, New Years Eve and New Years Day fell in the second
quarter; and by the closure of the Company's "Venus" bar/nightclub for
re-concepting during a portion of the second quarter.

EBITDA from continuing operations for the six-month period ended April 2, 2005
was $3,540,000 versus $3,536,000 during the same six-month period last year.


<PAGE>

Net income for the three-month period ended April 2, 2005 was $554,000 compared
to a net loss of $115,000 during the same three-month period last year. Net
income for the three-month period ended April 2, 2005 was, likewise, negatively
impacted as a result of New Years Eve and New Years Day falling in the first
quarter of the Company's current fiscal year, while, in the 2004 fiscal year,
New Years Eve and New Years Day fell in the second quarter; and by the closure
of the Company's "Venus" bar/nightclub for re-concepting during a portion of the
second quarter.

Net income for the six-month period ended April 2, 2005 was $1,739,000 compared
to $441,000 during the same six-month period last year.

Net income for the three and six-month periods ended April 2, 2005 were
positively affected by a $644,000 pre-tax realized gain as a result of the sale
of the Company's America restaurant.

As of April 2, 2005, the Company had no long-term debt and a cash balance of
$560,000.

The Company recently appointed Stephen Novick as a new member of the Company's
Board of Directors. Until recently, Mr. Novick served as Vice Chairman and Chief
Creative Officer of Grey Global Group, one of the largest advertising agencies
in the world. Mr. Novick continues to serve as a consultant for Grey Global
Group. He also serves as Senior Advisor for the Andrea and Charles Bronfman
Philanthropies, one of the world's largest private family foundations, with
offices in New York, Montreal and Jerusalem, a member of the Board of Directors
of Toll Brothers, Inc., the nation's leading builder of luxury homes, Vice
Chairman of the Hamptons International Film Festival and Board Member for both
the Bowdoin International Music Festival and Brandeis University's Creative Arts
Council.

Michael Weinstein, Chairman, President and CEO of Ark Restaurants Corp., stated,
"The decrease in income from continuing operations during the quarter was
primarily due to disappointing results in our operations at the Venetian Casino
Resort and the shift of New Years Eve and New Years Day from the March quarter
of the Company's 2004 fiscal year to the January quarter of the Company's
current fiscal year. The performance of our operations in the New York-New York
Hotel & Casino and the Forum Shops in Las Vegas remained satisfactory, as did
the performance of our operations in New York City, Washington, D.C. and
Florida. We are pleased with the addition of Steve Novick to our Board of
Directors as he brings an extraordinary perspective on marketing and advertising
to our Company. Steve, along with the other members of our Board, has expanded
the base of capabilities upon which we can build."

Ark Restaurants owns and operates 22 restaurants and bars, 26 fast food
concepts, catering operations and wholesale and retail bakeries. Nine
restaurants are located in New York City; nine 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 hotel's room
service, banquet facilities, employee dining room and nine food court concepts;
four restaurants and bars within the Venetian Casino Resort as well as four food
court concepts. In Las Vegas, the 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. The Florida operations under management
include five fast food facilities in Tampa, Florida and eight fast food
facilities in Hollywood, Florida, each at a Hard Rock Hotel and Casino operated
by the Seminole Indian Tribe at these locations.

The Company will broadcast its conference call to discuss third quarter results
over the Internet. The broadcast will be held on Tuesday, May 17, 2005 at 11:00
a.m. Eastern Time. To access the broadcast, please visit http://www.viavid.net.
A replay of the broadcast will be available within one hour of the call.

The dial-in numbers to participate in the conference call are:


<PAGE>

Toll-Free - 1-888-245-7013

Toll/International - 1-973-582-2773

Except for historical information, this news release contains forward-looking
statements, which involve unknown risks, and uncertainties that may cause the
Company's actual results or outcomes to be materially different from those
anticipated and discussed herein. Important factors that might cause such
differences are discussed in the Company's fillings with the Securities and
Exchange Commission.

ARK RESTAURANTS CORP.
Consolidated Income Statement
For the 13 and 26 week periods ended April 2, 2005 and March 27, 2004

(In Thousands)
- --------------
<TABLE>
<CAPTION>
                                         13 weeks       13 weeks       26 weeks       26 weeks
                                           ended          ended          ended          ended
                                           April          March          April          March
                                          2, 2005       27, 2004        2, 2005       27, 2004
                                         -----------------------------------------------------
<S>                                       <C>            <C>            <C>            <C>
TOTAL REVENUES                            $24,792        $24,864        $51,674        $49,524

COST AND EXPENSES:

Food and beverage cost of sales             6,492          6,442         13,177         12,784
Payroll expenses                            8,632          8,426         17,285         16,611
Occupancy expenses                          3,807          3,831          7,924          7,804
Other operating costs and expenses          3,383          3,010          6,489          6,097
General and administrative expenses         1,734          1,487          3,554          2,960
Depreciation and amortization
 expenses                                     800          1,026          1,748          2,021
                                         -----------------------------------------------------

  Total costs and expenses                 24,848         24,222         50,177         48,277
                                         -----------------------------------------------------

OPERATING INCOME (LOSS)                       (56)           642          1,497          1,247
                                         -----------------------------------------------------

OTHER (INCOME) EXPENSE:

Interest expense (income), net                (28)            55            (53)           113
Other income                                 (226)          (172)          (295)          (268)
                                         -----------------------------------------------------
  Total other (income) expense               (254)          (117)          (348)          (155)
                                         -----------------------------------------------------

Income from continuing operations
  before income taxes                         198            759          1,845          1,402

Provision for income taxes                     63            266            541            491
                                         -----------------------------------------------------

Income from continuing operations             135            493          1,304            911
</TABLE>


<PAGE>

<TABLE>
<S>                                       <C>            <C>            <C>            <C>
DISCONTINUED OPERATIONS:
Income (loss) from operations of
 discontinued restaurants                     593           (936)           615           (723)

Provision (benefit) for income
 taxes                                        174           (328)           180           (253)
                                         -----------------------------------------------------

Income (loss) from discontinued
 operations                                   419           (608)           435           (470)

NET INCOME                                   $554          $(115)        $1,739           $441
                                         =====================================================


PER SHARE INFORMATION - BASIC AND
 DILUTED:

Continuing operations basic                  $.04           $.15           $.38           $.28
Discontinued operations basic                $.12          $(.19)          $.13          $(.14)
                                         -----------------------------------------------------
Net basic                                    $.16          $(.04)          $.51           $.14
                                         =====================================================

Continuing operations diluted                $.04           $.15           $.37           $.27
Discontinued operations diluted              $.12          $(.19)          $.12          $(.14)
                                         -----------------------------------------------------
Net diluted                                  $.16          $(.04)          $.49           $.13
                                         =====================================================


WEIGHTED AVERAGE NUMBER OF SHARES-
 BASIC                                      3,433          3,267          3,414          3,224
                                         =====================================================

WEIGHTED AVERAGE NUMBER OF SHARES-
 DILUTED                                    3,586          3,267          3,560          3,371
                                         =====================================================

EBITDA from Continuing Operations
 Reconciliation
Pre tax earnings                             $198           $759         $1,845         $1,402
Depreciation and amortization                 800          1,026          1,748          2,021
Interest, net                                 (28)            55            (53)           113
                                         -----------------------------------------------------

EBITDA (a)                                   $970         $1,840         $3,540         $3,536
                                         =====================================================
</TABLE>

(a)   EBITDA from continuing operations 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


<PAGE>


      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
      from continuing operations to the most comparable GAAP financial measure,
      net income, is included above.
</TEXT>
</DOCUMENT>
</SEC-DOCUMENT>
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