Ark Restaurants Corp.
Q3 2014 Earnings Call Transcript

Published: 12 Aug 2014

[Operator:]

Greetings, and welcome to the Ark Restaurants Third Quarter and 9 Months 2014 Results Conference Call. [Operator Instructions] As a reminder, this conference is being recorded. I would now like to turn the conference over to Mr. Bob Stewart, Chief Financial Officer. Thank you. Mr. Stewart, you may now begin.

[Paul Robert Stewart:]

Thank you, operator. Good morning, and thank you for joining us on our conference call for the third quarter ended June 28, 2014. With me on the call today is Michael Weinstein, our Chairman and CEO. For those of you who have not yet obtained a copy of our press release, it was issued over the Newswire 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 homepage 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 afternoon 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 will now turn the call over to Michael.

[Michael Weinstein:]

Hi, everybody. This was a quarter that had a lot of stuff in it. First of, all, it was the first full quarter that we had the Rustic Inn in Florida. We own the Rustic Inn. We own the property, the buildings and the operation. And that is a very strong restaurant operation. It is more than meeting our expectations. One would have thought that given the addition of that and the strong operating profits, that we would have a better quarter. Rustic affects us in several ways

[Operator:]

[Operator Instructions] And gentlemen, it appears we have no questions at this time.

[Michael Weinstein:]

Okay. We look forward to speaking to everybody next quarter. Thank you.

[Operator:]

Thank you. Ladies and gentlemen, this does conclude today's teleconference. You may disconnect your lines at this time, and thank you for your participation.