Denny’s Corporation Announces Completion of Acquisition by TriArtisan Capital Advisors, Treville Capital Group and Yadav Enterprises

January 16, 2026 14:05 ET

SPARTANBURG, S.C., Jan. 16, 2026 (GLOBE NEWSWIRE) -- Denny’s Corporation (the “Company” or “Denny’s”) (NASDAQ: DENN), owner and operator of Denny’s Inc. and Keke’s Inc., today announced the successful completion of its previously announced acquisition by TriArtisan Capital Advisors LLC (“TriArtisan”), Treville Capital Group (“Treville”) and Yadav Enterprises, Inc. (“Yadav Enterprises”). The transaction closed following approval by Denny’s stockholders as well as satisfaction of all required regulatory and customary closing conditions.

With the support of TriArtisan, Treville and Yadav Enterprises, Denny’s will have enhanced flexibility and resources to invest in its brands, support franchisees and accelerate its growth initiatives.

“Today represents an important milestone for Denny’s and Keke’s as we embark on our next chapter under new ownership,” said Kelli Valade, Chief Executive Officer of Denny’s Corporation. “Our dedication to supporting franchisees and commitment to serving our guests remain the same. We are grateful for the hard work of our employees and franchisees who represent our restaurants with pride every day. With the support of our new owners, we look forward to continuing to serve and delight guests across the nation.”

“Denny’s is an iconic piece of the American dream, with a renowned brand, a strong franchise base and loyal customers,” said Rohit Manocha, Co-Founder and Managing Director at TriArtisan. “Our team has significant investment experience in the restaurant industry, and our acquisition of Denny’s builds on our success with other full-service restaurant concepts. We look forward to working with Kelli and the rest of the Denny’s team and franchisees to provide resources and support the Company’s long-term strategic growth plans.”

In connection with closing, Denny’s stockholders received $6.25 per share in cash for each share of Denny’s common stock they own. Denny’s common stock will cease trading on Nasdaq, effective as of the close of the trading session today, January 16, 2026.

Advisors

Truist Securities is serving as financial advisor to Denny’s Corporation, and Morgan, Lewis & Bockius LLP, Sidley Austin LLP and Caiola & Rose, LLC are serving as its legal advisors. Joele Frank, Wilkinson Brimmer Katcher is serving as strategic communications advisor to Denny’s Corporation. Global Leisure Partners LLP is serving as financial advisor to TriArtisan, and Ropes & Gray LLP is serving as its legal counsel. Choate, Hall & Stewart LLP is serving as Treville’s legal counsel, and Yadav Enterprises is being advised by its General Counsel, Steven M. Kries.

About Denny’s Corporation

Denny’s Corporation is one of America’s largest full-service restaurant chains based on number of restaurants. As of September 24, 2025, the Company consisted of 1,537 restaurants, 1,452 of which were franchised and licensed restaurants and 85 of which were company operated.

The Company consists of the Denny’s brand and the Keke’s brand. As of September 24, 2025, the Denny’s brand consisted of 1,459 global restaurants, 1,397 of which were franchised and licensed restaurants and 62 of which were company operated. As of September 24, 2025, the Keke’s brand consisted of 78 restaurants, 55 of which were franchised restaurants and 23 of which were company operated.

For further information on Denny’s Corporation, including news releases, links to SEC filings, and other financial information, please visit investor.dennys.com.

About TriArtisan Capital Advisors

TriArtisan Capital Advisors is an established, U.S.-based private equity firm. Founded in 2002 as TriArtisan Capital Partners, TriArtisan provides flexible institutional capital to invest in companies requiring a broad range of investment needs. In each of its investments, TriArtisan partners with high-quality management teams and founders to support them in seeking to achieve returns for its institutional and management partners. For more information, please visit the firm’s website at www.triartisan.com.

For inquiries regarding this transaction, please contact clientservices@triartisan.com.

About Treville Capital Group LLC

Treville Capital Group LLC is an alternative asset manager that provides financing to high-growth, credit worthy companies with a focus on Asset-Based Credit, Capital Solutions, and Venture Capital. Treville Capital Management LLC is the investment manager of the Asset-Based Credit and Capital Solutions strategies. Treville was founded in 2014 and seeks to leverage its platform to provide customized solutions for companies across the capital structure. For more information, please visit www.treville.com or contact info@treville.com.

About Yadav Enterprises

Yadav Enterprises Inc. operates more than 310 franchise restaurants, including Jack in the Box, Denny’s, and TGI Friday’s, and owns the following brands: Del Taco, a quick serve Mexican/American themed restaurant consisting of 595 locations, Taco Cabana, a fast-casual, Tex-Mex restaurant brand consisting of 150 locations, and Nick the Greek, a fast-casual, Greek restaurant concept consisting of 90 locations.

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Sailormen, which operates 130 locations of the fast-food chicken chain in Florida, struggled with heavy debt and liquidity challenges. But the company says the filing doesn’t reflect the state of the brand.

By Jonathan Maze on Jan. 15, 2026

A major Popeyes franchisee out of Florida is seeking debt protection. | Photo: Shutterstock.

A large Popeyes Louisiana Kitchen franchisee filed for bankruptcy on Thursday as a heavy debt load and a failed sale of 16 of its restaurants led to a major cash crunch and a lawsuit from the company’s lender.

Sailormen Inc., a Miami-based franchisee that dates to 1987 and operates 130 locations, has about $130 million worth of debt.

The company in court filings blamed a host of factors, including the impact of the pandemic, inflation, rising borrowing rates and labor challenges for the filing. The franchisee also started falling behind on rent and faced legal challenges from landlords and vendors as well as its lender.

Peter Perdue, president of Popeyes in the U.S. and Canada, said in a note seen by Restaurant Business that Sailormen’s filing does not reflect the state of the brand or its profitability.

He said in the note that the franchisee has “more leverage than is common in our current Popeyes system.”

“Sailormen has been a successful, growth-oriented franchise organization for many years in our system,” Perdue said in the note. “A large majority of their restaurants are very profitable, in line with our system average (and some above average).”

“I can confidently tell you that Sailormen’s announcement does not reflect the healthy unit economics that you are experiencing in your restaurants,” he added.

Still, the filing comes at a tumultuous time for Popeyes in the U.S. The chain’s same-store sales declined each of the first three quarters of 2025, a surprise for a brand that had previously been on a growth tear. That prompted Restaurant Brands International, Popeyes’ parent company, to name a new brand president in Perdue in November.

On Monday, the chain named Matt Rubin its new chief marketing officer as part of a “reset” of the company’s senior leadership team.

Sailormen’s financial challenges have mounted over the past year, according to court filings.

The franchisee, which is owned by a company called Interfoods of America, had a deal in 2023 to sell 16 restaurants in Georgia to a company called Tar Heels Spice in a bid to improve its finances. That deal fell through, prompting Sailormen to file a lawsuit but leaving the franchisee liable for the leases on those locations. That worsened Sailormen’s financial challenges.

Sailormen has faced a number of other lawsuits from vendors, such as one by an IT services company accusing the franchisee of falling behind on payments as far back as 2022.

BMO, Sailormen’s lender, sued the franchisee last month and moved to appoint a federal receiver that would have replaced the operator’s management. Sailormen said in a filing that it and creditors “will fare better in a Chapter 11 case” with existing management in control.

The operator said that it faced “increasing pressure from landlords, vendors and BMO” and ultimately decided to file for Chapter 11 bankruptcy protection before an expected ruling this week on the lender’s request for a receiver.

Perdue in his note to the system said a “large majority” of the restaurants operated by Sailormen will remain open. “While no one wants to find themselves in a process like this, we certainly believe that a large majority of their restaurants will continue to operate in the Popeyes system,” he said. “We are supporting them in every way we can through this process and believe in them as brand and operational leaders in our system.”

Perdue in his note also said that “the fundamentals are all in place” for the brand to recover from its tough 2025 and that it needs “more clear and consistent focus, not reinvention,” which prompted the leadership team changes.

“I strongly believe we will find success in the core of what we have always been great at—hand-battered, bone-in chicken,” Perdue said. “We have the menu and pricing power to offer our guests strong, everyday value options. And we have powerful platforms in tenders and sandwiches that will continue to deliver growth.”

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Jan 14, 2026, 15:34 ET

Expanding its legacy of culture and flavor, the Houston native partners with Popeyes® to launch a South Beach restaurant that spotlights authenticity, community, and connection.

MIAMI, Jan. 14, 2026 /PRNewswire/ -- Today, three-time, Grammy award-winning superstar, philanthropist and entrepreneur Megan Thee Stallion formally opened her first-ever, Popeyes restaurant in Miami with a special ribbon cutting ceremony.

Megan's Popeyes restaurant is located right in the heart of Miami Beach at 1427 Washington Avenue – a prime spot for both locals and tourists. The restaurant will have unique elements, including special Hottie-certified uniforms, and showcases a custom interior design curated in collaboration with Megan herself, complete with a bold mural, playful LED signage and thoughtful personalized touches, from the iconic Popeyes "Poppy" mascot to bespoke stallion tilework.

She also plans to unveil an exclusive combo meal at her franchise, which will be known as "Thee Megan Meal," that includes a chicken sandwich, 3-piece tenders, 6-piece bone-in wings, red beans and rice along with mac and cheese.

The Grammy award-winner's goal is to cultivate a dynamic dining experience that reflects her bold personality and commitment to premium quality. Additionally, the restaurant will play an integral role in supporting philanthropic community outreach programs.

The announcement comes after Megan shared a video of her at the Popeyes store and interacting with employees on social media in late-December. During the spring of 2025, she posted a tease of the store while under construction, where she toured the location and shared her vision for the launch.

The opening of Megan's restaurant is the culmination of a journey that began in 2021, when she and Popeyes initially announced an unprecedented collaboration, featuring ownership, product creation, fashion drop and philanthropic collaboration.

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Drive-thru coffee giant Dutch Bros to acquire 20-unit Clutch Coffee Bar

The move will give the rapidly growing Dutch Bros more of a foothold in the Carolinas as it pushes to reach 2,029 units by 2029.

By Lisa Jennings on Jan. 14, 2026

Dutch Bros had more than 1,000 units as of the third quarter. | Photo: Shutterstock.

Dutch Bros is acquiring a small, regional coffee chain in the Carolinas with plans for conversion.

It’s a notable move by the 1,000-unit Dutch Bros, which has set a goal of reaching 2,029 locations by 2029.

The North Carolina-based Clutch Coffee Bar chain has agreed to be acquired by Dutch Bros for an undisclosed price, saying the brand’s 20 units will close on Friday at 4 p.m. After a temporary closure, the shops will be renovated and reopen as Dutch Bros locations, the company said.

Clutch Coffee founder and CEO Darren Spicer made the announcement on the chain’s website and social media pages, and the move was confirmed by Dutch Bros officials Wednesday.

“This was not a decision made lightly—rather it comes from a place of deep pride in what we’ve built together, and a belief that this next step will allow the culture, energy and community-first spirit you helped create continue to grow on an even bigger stage,” Spicer wrote on the website.

Like Dutch Bros, Clutch is a drive-thru concept. The smaller chain has operated for eight years across the Carolinas and the company said it “reached a natural point where exiting to Dutch Bros could accelerate its mission without compromising its values.

“Dutch Bros’ people-first approach, operational expertise, and long-term vision create an opportunity for team members and customers to thrive, while preserving the culture and community focus that fueled our success from the start,” Clutch said in the post.

Dutch Bros, similarly, described Clutch Coffee as a brand built on human connection.

“We deeply respect what the Clutch Coffee Bar leadership team has created and look forward to building on that strong foundation in the Carolinas,” Dutch Bros said in a statement.

Based in Tempe, Arizona, Dutch Bros is planning to add more food to its menu this year, in particular breakfast offerings.

The acquisition gives Dutch Bros more of a foothold in the Carolinas, where the chain operates only two units currently (one in North Carolina and one in South Carolina), though more are planned.

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Jersey Mike’s Launches New Chapter of Growth with International Expansion into the UK and Ireland

January 12, 2026

Jersey Mike’s founder Peter Cancro to lead first European presence with commitment to open 400 stores

Manasquan, NJ (RestaurantNews.com) Jersey Mike’s Subs (“Jersey Mike’s” or the “Company”), a leading franchisor of over 3,200 fast-casual sandwich shops known for its fresh sliced and fresh grilled subs, today announced it has signed a franchise agreement with JM Submarines UK LTD, led by Jersey Mike’s founder and Chairman of the Board, Peter Cancro, to open 400 stores in the United Kingdom and Ireland. Cancro founded Jersey Mike’s more than 50 years ago and remains a significant shareholder following the Company’s sale to Blackstone last year. This agreement marks the first European expansion for the Company, with plans to open the first location in 2026.

“This marks a pivotal milestone in Jersey Mike’s growth journey as we expand into the European market,” said Charlie Morrison, Chief Executive Officer at Jersey Mike’s. “We could not ask for a better partner than Peter to lead this market expansion. Peter built this brand from the ground up, from our first location on the Jersey Shore to over 3,000 locations across North America during his time as CEO. We are thrilled to have Peter lead our first European expansion in what is a very exciting new chapter for the Company.”

Cancro founded Jersey Mike’s Subs in 1975, when at 17 years old he purchased the first Mike’s Subs shop in Point Pleasant, New Jersey. As Jersey Mike’s CEO for nearly 50 years, he grew the Company into one of the most beloved fast-casual brands in the U.S., before transitioning to Chairman in April 2025. The strategic partnership with Cancro underscores the brand’s commitment to thoughtful, quality-driven growth as it shares Jersey Mike’s authentic “A Sub Above” experience with a global audience.

“I’ve lived and breathed this brand my entire life, starting when I worked at the original Mike’s Subs in Point Pleasant as a teenager,” said Cancro, Founder and Chairman of the Board at Jersey Mike’s and CEO of JM Submarines UK LTD. “To now have the opportunity to bring Jersey Mike’s to the UK and Ireland as a franchisee is incredibly exciting. I see tremendous potential in these markets, and I’m eager to personally operate the brand I love in regions that value quality and community as much as we do.”

“I’m thrilled to partner with Peter and his team as we bring Jersey Mike’s to the UK and Ireland, two markets with incredible potential that represent just the beginning of our global growth journey,” said Andy Skehan, President of International at Jersey Mike’s. “I’m confident that communities worldwide will embrace what has made Jersey Mike’s a beloved brand across North America, and we are now ready to build upon our strong operations foundation and brand recognition to take our next step toward global expansion.”

With plans for accelerated international growth, Jersey Mike’s is positioned to become a globally recognized brand while preserving the quality, culture, and community focus that have defined it since 1956.

About Jersey Mike’s

Founded in 1956 as Mike’s Subs with one location in Point Pleasant, New Jersey, Jersey Mike’s has grown into a premier franchisor with more than 3,200 locations in the U.S. and Canada. The Company has been recognized as one of the fastest-growing fast-casual restaurant chains in America, ranking #2 on Entrepreneur’s 2025 Franchise 500 and #6 on Yelp’s 2025 List of Fastest Growing Brands.

Giving back is also core to Jersey Mike’s mission, and the Company was recognized on Forbes’ Best Brands for Social Impact List in 2025. In March 2025, the Company completed its 15th Annual Month of Giving, raising a record breaking $30 million and surpassing more than $143 million given to over 200 local charities since it began the tradition in 2011, reinforcing its commitment to being a beloved brand in its communities. Jersey Mike’s has also been ranked as the #1 Best Sandwich Chain in America in 2025 by Eat This, Not That! For more information, please visit JerseyMikes.com and follow us on Facebook, Instagram, TikTok, and X.

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Shake Shack Provides Fiscal Fourth Quarter 2025 Business Update

Jan 12, 2026 7:00 AM Eastern Standard Time

Provides Initial Fiscal 2026 Outlook

NEW YORK--(BUSINESS WIRE)--Shake Shack Inc. (“Shake Shack” or the “Company”) (NYSE: SHAK) provided a business update for the fiscal fourth quarter and fiscal year ended December 31, 2025 ahead of presenting at the 28th Annual ICR Conference today in Orlando, Florida. The Company also provided its initial fiscal 2026 outlook and reiterated its current long-term targets.

“Shake Shack team members have delivered strong 2025 business results despite a challenging macroeconomic environment. In January of 2025, we increased our total addressable market forecast from 450 Company-operated Shacks to 1500. I am pleased to share that in 2025, we opened 45 new Company-operated Shacks, and we currently have the largest pipeline of new Shacks in the Company’s history. We now have 373 Company-operated restaurants and have guided to build another 55-60 Shacks in 2026. We continue to improve our returns on these Shacks by expanding operating margins, decreasing build costs, and most importantly, growing sales,” said CEO Rob Lynch.

“In 4Q25, our same-Shack sales grew sequentially throughout the quarter. However, the last six weeks of the quarter did not meet our expectations due to inclement weather in some of our most heavily penetrated markets like the Northeast. Despite these short term challenges, we delivered positive same-Shack sales and positive traffic for the quarter. These results can be attributed to our culinary innovation, like the ‘Big Shack’, our strategic value platforms like our ‘$1,$3,$5’ in-app promotion, and the increase in traffic and brand awareness generated by our media investments,” added Mr. Lynch.

“I cannot say enough about the exceptional work our restaurant leaders have done to strengthen operations and deliver meaningful margin improvement, all while enhancing both the team member and guest experience. These accomplishments are even more impressive given the inflationary environment in which we are operating, most notably ongoing beef cost pressures. Their disciplined execution and strategic leadership position us well to continue driving productivity and effectively navigate sustained elevated beef prices. In addition, our supply chain initiatives have reduced costs, improved product quality, and meaningfully mitigated single-supplier risk,” said Lynch.

“Looking ahead to 2026, we will continue to drive top-line growth with culinary and marketing innovation, strategic promotions that improve our brand's value perception, and improved guest experiences. We will continue to expand margins with more efficient operations in both our restaurants and our supply chain. And we will continue to improve our cash returns by controlling build costs and optimizing kitchen designs. Lastly, and most importantly, we will continue to invest in our team member development to support our rapid restaurant growth. Long term, as we continue to accelerate and profitably scale our business, we expect that we will gain even more leverage, particularly on the G&A line,” concluded Mr. Lynch.

The presentation at ICR will be held on Monday, January 12, 2026 at 8:30 a.m Eastern Time. Presenting from the Company will be Rob Lynch, Chief Executive Officer, Stephanie Sentell, Chief Operations Officer, Andrew McCaughan, Chief Development Officer and Michael Kark, President of Global Licensing. The presentation will be webcast live from the Company's Investor Relations website at investor.shakeshack.com on the Events & Presentations page.

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The ONE Group Reports Preliminary Fourth Quarter and Full Year 2025 Sales Results

Jan 12, 2026 8:00 AM Eastern Standard Time

Participating in the 28th Annual ICR Conference and Hosting a Fireside Chat at 10:30 AM ET Tomorrow

DENVER--(BUSINESS WIRE)--The ONE Group Hospitality, Inc. (“The ONE Group” or the “Company”) (Nasdaq: STKS) today reported preliminary sales results for the fourth quarter and full year ended December 28, 2025, and announced its participation at the 28th Annual ICR Conference.

Preliminary Sales Results for the Fourth Quarter and Full Year 2025

Our expectations with respect to our sales results for the fourth quarter and full year 2025 discussed below are based upon management estimates for the respective periods. Our expectations are subject to the completion of our financial closing procedures and any adjustments that may result from the completion of the review of our consolidated financial statements for the fourth quarter and full year 2025. Following the completion of our financial closing process and the review of our consolidated financial statements, we may report sales results for the fourth quarter and full year 2025 that could differ from our expectations, and the differences could be material.

The expectations set forth below have been prepared by, and are the responsibility of, our management. Deloitte & Touche, LLP, our independent registered public accounting firm, has not audited, reviewed, compiled or performed any procedures with respect to the preliminary estimates. Accordingly, Deloitte & Touche, LLP, does not express an opinion or any other form of assurance with respect thereto.

Preliminary total GAAP revenues for the full year 2025 are expected to be approximately $805 million, a 20% increase from the prior year’s $673 million. This growth was primarily driven by the acquisition of Benihana in May 2024. Comparable sales* are expected to decrease by approximately 3.7%.

Preliminary total GAAP revenues for the fourth quarter of 2025 are expected to be approximately $207 million, a 6.8% decrease from $222 million in the same quarter of 2024. This decline was primarily driven by RA Sushi and Kona Grill closures as part of the portfolio optimization and the change in the Company’s fiscal year. The Grill closures are expected to reduce total GAAP revenues by approximately 2.4%, representing 35% of the expected total GAAP revenue decline.

Effective January 1, 2025, the Company adopted a new fiscal calendar structure using four 13-week quarters, with a 53rd week added when necessary. The 2025 fiscal year ran from January 1, 2025, to December 28, 2025.

This fiscal calendar change created timing differences that impacted quarterly comparisons: the fourth quarter of 2025 had 91 days versus 92 days in the fourth quarter of 2024. Additionally, the New Year’s Eve holiday shifted from fiscal 2025 to fiscal 2026. The exclusion of New Year’s Eve in the current year impacted total GAAP revenues by approximately 2.5%, representing 37% of the expected total GAAP revenue decline. Fourth quarter comparable sales are expected to decrease by approximately 1.8%.

Preliminary sales highlights for the fourth quarter of 2025 compared to the same quarter in 2024 are as follows:

STK is expected to report positive comparable sales for the quarter of approximately 0.3%, representing the first quarter of positive comparable sales for the brand since 2023;
Benihana is expected to report flat comparable sales for the quarter;
Sequential improvement in consolidated comparable sales* of approximately 4 points from the third quarter driven by all brands during the quarter; and
First conversion of a RA Sushi to an STK in Scottsdale, Arizona is off to a strong start. In addition, in January 2026, the Company temporarily closed five Grills as part of the process to convert to future Benihana and STK restaurants.

“We were pleased to see sequential improvement in our comparable sales at all brands, with STK expected to end the quarter positive and Benihana essentially flat. We are seeing this momentum continue into the new year. We attribute this success to a robust holiday season and the strength of our operations initiatives. Headwinds continue to be strong, which we expect to result in lower-than-anticipated sales during the fourth quarter,” said Emanuel “Manny” Hilario, President and Chief Executive Officer of The ONE Group. “With challenges still impacting the industry, we attribute our traction to execution-driven initiatives within our direct control, including our targeted investments in reservation technology, streamlined operational flow, and comprehensive training initiatives. These efforts enabled us to capture even greater demand during our busiest periods by optimizing Benihana table efficiency while delivering exceptional and unforgettable experiences to our guests.”

“Looking to the new year, our number one priority is to conserve cash with the intent of optimizing our balance sheet. From a development perspective, we are focused on the RA Sushi and Kona Grill conversions to STK and Benihana restaurants and pursuing other asset-light opportunities to drive shareholder value. The recent signing of our Benihana development agreement is a game-changer, demonstrating the strong demand for our iconic brand. Additionally, our successful STK and Benihana openings and conversions, renewal of existing franchise agreements, and expanding presence in professional sports and entertainment stadiums further validate our disciplined approach to capital-efficient growth. We believe our future is bright, and we are well-equipped to capture the significant opportunities ahead of us.”

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First Watch Restaurant Group, Inc. Reports Preliminary Operational Metrics for the Fourth Quarter and Fiscal Year 2025

January 12, 2026 07:00 ET

BRADENTON, Fla., Jan. 12, 2026 (GLOBE NEWSWIRE) -- First Watch Restaurant Group, Inc. (NASDAQ: FWRG) (“First Watch” or the “Company”), the leading Daytime Dining concept serving breakfast, brunch and lunch, today reported certain preliminary operational metrics for the thirteen weeks ended December 28, 2025 (“fourth quarter”) and fiscal year ended December 28, 2025 (“2025”).

“Among our team’s 2025 achievements were a record 64 new system-wide restaurant openings across 23 states as well as posting same restaurant sales growth of +3.6% and positive same restaurant traffic growth,” said Chris Tomasso, First Watch CEO and President. “Our 2024 and 2025 new restaurant classes combined continue to outperform the comparable restaurant base and our underwriting expectations, and our pipeline for 2026 is strong. We remain confident in the continued execution of our long-term strategy and extending our lead in Daytime Dining.”

Restaurant Development

During the fourth quarter, there were 13 new system-wide restaurant openings consisting of 12 company-owned restaurants and one franchise-owned restaurant.

During 2025, there were 64 system-wide new restaurant openings (55 company-owned and nine franchise-owned), and three closures.

At December 28, 2025, First Watch had 633 system-wide restaurants, consisting of 560 company-owned restaurants and 73 franchise-owned restaurants across 32 states.

ICR Conference Participation Today

Chris Tomasso, Chief Executive Officer and President, and Mel Hope, Chief Financial Officer, will host a fireside chat today, Monday, January 12, 2026 at the 28th Annual ICR Conference at the Grande Lakes Orlando. The fireside chat webcast will begin at 11:00 a.m. Eastern Time and will be available at https://investors.firstwatch.com in the News & Events section and will be archived on the site shortly after it has concluded. Management will also host meetings at the conference with institutional investors.

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Noodles & Company Announces Preliminary Revenue Results for the Fourth Quarter of 2025

January 12, 2026 07:00 ET

BROOMFIELD, Colo., Jan. 12, 2026 (GLOBE NEWSWIRE) -- Noodles & Company (Nasdaq: NDLS) today released preliminary, unaudited sales results for the fourth fiscal quarter ended December 30, 2025.

Preliminary Fourth Quarter of 2025 Sales Results Compared to the Fourth Quarter of 20241:

Fourth quarter system-wide comparable sales increased 6.6%, comprised of a 7.3% increase at company-owned restaurants and a 3.8% increase at franchise restaurants.

_____________________
1 These sales results are preliminary and unaudited, have not been reviewed by the Company’s independent registered public accountants, and remain subject to the completion of normal quarter-end accounting procedures and adjustments and are subject to change.

Joe Christina, Chief Executive Officer and President of Noodles & Company, remarked, “Delivering significant positive comparable sales growth of over 7% for our company-owned restaurants in the fourth quarter builds on a trend of 4% sales growth in the third quarter, reflecting the strong momentum taking hold at Noodles & Company. This progress is being driven by disciplined execution, meaningful enhancements to our food, a compelling value proposition, engaged teams, and the delivery of great guest experiences every day. As we head into 2026, we are energized by the progress we are making and confident in our plan to develop winning teams, drive guest satisfaction, ignite growth, and deliver improved financial results.”

Portfolio Optimization

As of December 30, 2025, the Company had 340 company-owned restaurants and 83 franchise restaurants. During 2025, the Company closed 33 company-owned restaurants and nine franchise restaurants. In 2026, the Company expects to close an additional 30 to 35 restaurants.

Christina continued, “Decisions like this are made thoughtfully and with a long-term view of the business. Our fourth quarter results reinforce that when we concentrate our resources on restaurants with the strongest opportunity to perform, Noodles can drive meaningful top-line growth. That performance gives us added confidence as we continue to refine our portfolio in 2026. These actions are intended to strengthen the overall health of the brand and our financial position, helping to ensure we are well-positioned for profitable growth and long-term value creation for our shareholders.”

Key Definitions

Comparable Restaurant Sales — represents year-over-year sales comparisons for the comparable restaurant base open for at least 18 full periods. This measure highlights performance of existing restaurants, as the impact of new restaurant openings is excluded. Changes in comparable restaurant sales are generated by changes in traffic, which we calculate as the number of entrées sold and changes in per-person spend, calculated as sales divided by traffic. Restaurants that were temporarily closed or operating at reduced hours remained in comparable restaurant sales.

About Noodles & Company

Noodles & Company has known noodles since 1995. For 30 years, the brand has brought people together over craveable classics and globally inspired flavors, from indulgent Creamy Mac & Cheese to bold Japanese Pan Noodles. With more than 400 restaurants and a team of passionate noodle lovers, Noodles is built on flavor, comfort, and a people-first culture. To learn more and to find the location nearest you, visit www.noodles.com.

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Jan 9, 2026 4:10 PM Eastern Standard Time

SAN DIEGO--(BUSINESS WIRE)--Jack in the Box Inc. (NASDAQ: JACK) (the “Company”) today announced it has repaid $105 million of the Company’s existing Series 2019-1 4.476% Fixed Rate Senior Secured Notes, Class A-2-II. The repayment was made in connection with the Company’s ongoing prioritization of debt reduction as part of its “JACK on Track” plan.

“This debt repayment reflects the meaningful progress we continue to make toward strengthening our balance sheet and positioning the Company for sustainable growth under ‘JACK on Track,’” said Lance Tucker, Chief Executive Officer of Jack in the Box Inc. “Our efforts to improve long-term financial performance, accelerate cash flow, and simplify our company while preserving growth-oriented capital investments are working, and we remain committed to executing against these strategic priorities to deliver value for our shareholders.”

The Company plans to continue to pay down debt through a combination of cash on hand and targeted real estate sales.

About Jack in the Box Inc.

Jack in the Box Inc. (NASDAQ: JACK), founded and headquartered in San Diego, California, is a restaurant company that operates and franchises Jack in the Box®, one of the nation's largest hamburger chains with approximately 2,135 restaurants across 21 states.

View source version at Jack in the Box

Kura Sushi USA Announces Fiscal First Quarter 2026 Financial Results

January 07, 2026 16:05 ET

IRVINE, Calif., Jan. 07, 2026 (GLOBE NEWSWIRE) -- Kura Sushi USA, Inc. (“Kura Sushi” or the “Company”) (NASDAQ: KRUS), a technology-enabled Japanese restaurant concept, today announced financial results for the fiscal first quarter ended November 30, 2025.

Fiscal First Quarter 2026 Highlights

Total sales were $73.5 million, compared to $64.5 million in the first quarter of 2025;
Comparable restaurant sales decreased 2.5% for the first quarter of 2026 as compared to the first quarter of 2025;
Operating loss was $3.7 million, compared to an operating loss of $1.5 million in the first quarter of 2025;
Net loss was $3.1 million, or $(0.25) per diluted share, compared to net loss of $1.0 million, or $(0.08) per diluted share, in the first quarter of 2025;
Adjusted net loss* was $2.8 million, or $(0.23) per diluted share, compared to an adjusted net loss* of $1.0 million or $(0.08) per diluted share, in the first quarter of 2025;
Restaurant-level operating profit* was $11.1 million, or 15.1% of sales;
Adjusted EBITDA* was $2.4 million; and
Four new restaurants opened during the fiscal first quarter of 2026.

*Adjusted net loss, Restaurant-level operating profit and Adjusted EBITDA are non-GAAP measures and are defined below under “Key Financial Definitions.” Please see the reconciliation of non-GAAP measures accompanying this release. See also “Non-GAAP Financial Measures” below.

Hajime Uba, President and Chief Executive Officer of Kura Sushi, stated, “We’re making great progress towards the goals we laid out in our annual guidance. Regarding our goal of sixteen new restaurant openings, we have ten units under construction, on top of the four restaurants opened to date. Our commitment to aggressive cost management has leveraged G&A as a percentage of sales. We were also able to lever labor as a percentage of sales, renewing our confidence in our ability to improve labor costs in fiscal 2026. The first quarter has created a strong foundation for us to build on for the remainder of the fiscal year.”

Review of Fiscal First Quarter 2026 Financial Results

Total sales were $73.5 million compared to $64.5 million in the first quarter of 2025. Comparable restaurant sales decreased 2.5%, consisting of negative traffic of 2.5% and flat price/mix for the first quarter of 2026 as compared to the first quarter of 2025.

Food and beverage costs as a percentage of sales were 29.9% compared to 29.0% in the first quarter of 2025. The increase is primarily due to tariffs on imported ingredients, partially offset by increases in menu prices.

Labor and related costs as a percentage of sales were 32.5% compared to 32.9% in the first quarter of 2025. The decrease is primarily due to increases in menu prices and initiatives relating to operations, partially offset by sales deleverage and labor inflation.

Occupancy and related expenses were $5.8 million compared to $4.8 million in the first quarter of 2025. The increase is primarily due to thirteen new restaurants opening since the first quarter of 2025.

Other costs as a percentage of sales were 16.1% compared to 14.5% the first quarter of 2025. The increase is primarily driven by higher marketing expenses, sales deleverage and tariffs.

General and administrative expenses were $9.6 million compared to $8.7 million in the first quarter of 2025. This increase was primarily due to litigation expenses of $0.2 million, professional fees of $0.2 million, travel expenses of $0.1 million and $0.4 million of other net increases. As a percentage of sales, general and administrative expenses decreased to 13.0%, as compared to 13.5% in the first quarter of 2025, primarily due to sales leverage.

Operating loss was $3.7 million compared to an operating loss of $1.5 million in the first quarter of 2025.

Income tax expense was $36 thousand compared to income tax expense of $39 thousand in the first quarter of 2025.

Net loss was $3.1 million, or $(0.25) per diluted share, compared to net loss of $1.0 million, or $(0.08) per diluted share, in the first quarter of 2025.

Adjusted net loss* was $2.8 million, or $(0.23) per diluted share, compared to an adjusted net loss* of $1.0 million or $(0.08) per diluted share, in the first quarter of 2025.

Restaurant-level operating profit* was $11.1 million, or 15.1% of sales, compared to $11.7 million, or 18.2% of sales, in the first quarter of 2025.

Adjusted EBITDA* was $2.4 million compared to $3.6 million in the first quarter of 2025.

View full version at Kura Sushi

Good Times Restaurants Reports Results for the Fiscal 2025 Fourth Quarter and Fiscal Year Ended September 30, 2025

Dec 23, 2025 4:05 PM Eastern Standard Time

GOLDEN, Colo.--(BUSINESS WIRE)--Good Times Restaurants Inc. (Nasdaq: GTIM), operator of Bad Daddy’s Burger Bar and Good Times Burgers & Frozen Custard, today reported financial results for the fiscal fourth quarter and fiscal year ended September 30, 2025.

Highlights of the Company’s financial results include:

Total Revenues decreased 0.5% to $141.6 million for the year compared to the previous fiscal year. Total Restaurant Sales for Good Times restaurants were $39.2 million for the year and for Bad Daddy’s restaurants were $101.4 million for the year.
Total Restaurant Sales for company-owned restaurants decreased $2.0 million to $33.6 million for the fourth quarter compared to the same prior year fourth quarter and decreased $0.9 million to $140.6 million for the year compared to the previous fiscal year.
Same Store Sales1 for Good Times restaurants decreased 6.6% for the fourth quarter compared to the prior-year fourth quarter and decreased 5.0% for the year compared to the 2024 fiscal year.
Same Store Sales1 for Bad Daddy’s restaurants decreased 4.6% for the fourth quarter compared to the prior-year fourth quarter and decreased 2.1% for the year compared to the 2024 fiscal year.
Net Loss Attributable to Common Shareholders was $3 thousand for the fourth quarter. Net Income Attributable to Common Shareholders was $1.0 million for the fiscal year.
Adjusted EBITDA2 (a non-GAAP measure) was ($0.1) million for the fourth quarter and $4.3 million for the fiscal year.

Ryan M. Zink, the Company’s Chief Executive Officer, said, “The second half of the 2025 fiscal year marked weakness in sales at both brands though Bad Daddy’s exhibited greater resilience in markets outside of Colorado, where for both the year and the quarter same store sales performed better than the consolidated results by nearly 100 basis points and better than the Colorado results by nearly 300 basis points. We have seen sequential Same Store Sales improvement during the first quarter of fiscal 2026 at both concepts, and at Bad Daddy’s, most specifically in the Colorado restaurants. Our Good Times team is laser-focused on increasing Same Store Sales while at the same time improving restaurant-level margins, which we expect both in food and beverage cost as well as in restaurant labor costs.”

“We have adjusted our advertising and promotional strategies at both brands and will continue to fine-tune those to better reach our guests and drive improved traffic to our restaurants. Most notably, we have included streaming video advertising in the media mix at both brands and launched a new branding campaign for Good Times, Colorado Native Burgers, which highlights the brand’s Colorado roots. In the second quarter, we are kicking off campaigns featuring both value-oriented items and items unique to Good Times that support our Colorado heritage and also have broad appeal among our current and future guests. At Bad Daddy’s, in the fiscal 2026 second quarter we will be featuring a Mediterranean Power Bowl, expanding upon our already popular salad line-up, complemented by two separate regional burger specials. Beginning in March, we will be adopting a Burger of the Month platform to focus more heavily on familiar items with broad customer appeal that are not part of our core menu. Though less complex and more approachable in nature, these items will still be built to Bad Daddy’s exacting standards for quality and flavor.” Zink continued.

Mr. Zink concluded, “I am optimistic that fiscal 2026 will see improved performance for both brands after a difficult 2025. Our leadership teams are committed to delivering better results that we believe starts with understanding our guests’ interactions with our brands while taking swift action to meet their changing needs and communicate the superior food, beverage, and service that both of our brands provide compared to our competitors.”

View full version at Good Times

Dec 22, 2025 5:33 PM Eastern Standard Time

SAN DIEGO--(BUSINESS WIRE)--Jack in the Box Inc. (NASDAQ: JACK) (the “Company”) today announced that it has completed the sale of Del Taco Holdings Inc. (“Del Taco”), to Yadav Enterprises Inc. (“Yadav”). The closing of this transaction is an important step in the Company’s “Jack on Track” plan to strengthen the Company’s balance sheet and accelerate its shift toward a simpler, asset-light business model.

The Company completed the sale to Yadav for approximately $119 million in consideration, subject to post-closing working capital and other adjustments. In connection with the closing, the Company received approximately $109 million of the consideration in cash and the remaining $10 million in the form of a 21-day promissory note, accruing interest at an 8% annual rate, fully guaranteed by Anil Yadav, founder and CEO of Yadav.

Lance Tucker, Chief Executive Officer of Jack in the Box Inc., said, “Our sale of Del Taco represents meaningful progress in simplifying our business model and reducing our debt. We remain committed to elevating the Jack in the Box brand and improving operational performance to drive sustainable, long-term growth and create value for our shareholders. We appreciate the Yadav team’s partnership during this transition and wish the Del Taco brand well in their next chapter.”

BofA Securities Inc. served as exclusive financial advisor to the Company, and Sullivan & Cromwell LLP served as its legal counsel in connection with this transaction. Yadav Enterprises Inc. was represented in this transaction by its General Counsel Steven M. Kries and advised by Baker Tilly.

About Jack in the Box Inc.

Jack in the Box Inc. (NASDAQ: JACK), founded and headquartered in San Diego, California, is a restaurant company that operates and franchises Jack in the Box®, one of the nation's largest hamburger chains with approximately 2,135 restaurants across 21 states.

About Yadav Enterprises Inc.

Yadav Enterprises Inc. operates more than 310 franchise restaurants including Jack in the Box, Denny’s, and TGI Friday’s, and owns the Taco Cabana brand, a fast-casual, Tex-Mex restaurant chain consisting of 150 locations, Del Taco®, the second largest Mexican-American QSR chain by units in the U.S. with approximately 575 restaurants across 18 states, and Nick the Greek, a fast-casual, Greek restaurant chain consisting of 90 locations.

View source version at Jack in the Box

Darden Restaurants Reports Fiscal 2026 Second Quarter Results; Declares Quarterly Dividend; And Updates Fiscal 2026 Financial Outlook

Dec 18, 2025, 07:00 ET

ORLANDO, Fla., Dec. 18, 2025 /PRNewswire/ -- Darden Restaurants, Inc. (NYSE:DRI) today reported its financial results for the second quarter ended November 23, 2025.

Second Quarter 2026 Financial Highlights, Comparisons Versus Same Fiscal Quarter Last Year

Total sales increased 7.3% to $3.1 billion, driven by a blended same-restaurant sales1 increase of 4.3% and sales from 30 net new restaurants
Same-restaurant sales:

Consolidated Darden1

4.3 %

Olive Garden

4.7 %

LongHorn Steakhouse

5.9 %

Fine Dining

0.8 %

Other Business1

3.1 %

Reported diluted net earnings per share from continuing operations were $2.03
Excluding $0.03 of Chuy's transaction and integration related costs and $0.02 of closed restaurant costs2, adjusted diluted net earnings per share from continuing operations were $2.08, an increase of 2.5%3
The Company repurchased $222 million of its outstanding common stock

"The second quarter exceeded our top-line expectations as every segment delivered positive same-restaurant sales," said Darden President & CEO Rick Cardenas. "Our restaurant teams did a great job of being brilliant with the basics, driving record, or near-record, guest satisfaction scores across all our brands. Despite facing significant commodity headwinds, we leveraged our four competitive advantages to provide strong value for our guests and we made appropriate investments in the business to ensure long-term success."

"I'm proud of the results we continue to deliver for our shareholders, and we remain committed to executing our strategy to drive long-term growth and shareholder value."

Segment Performance
During the fourth quarter of fiscal 2025, the Company changed its reporting of segment profit to exclude pre-opening costs. Fiscal 2025 figures were recast for comparability. Segment profit represents sales, less costs for food and beverage, restaurant labor, restaurant expenses and marketing expenses. Segment profit excludes non-cash real estate related expenses. Sales and profits from Chuy's restaurants are included within the Other Business segment from the date of acquisition forward.

View full version at Darden

Consortium Brand Partners to Acquire California Pizza Kitchen® in Partnership with Eldridge Industries, Aurify Brands, and Convive Brands

Dec 16, 2025 8:28 AM Eastern Standard Time

Convive Brands to Serve as Global Operator and Master Franchisor of Iconic Restaurant Brand

Transaction Designed to Strengthen CPK’s Position as Leader in Elevated Casual Dining, Convenience Innovation, and Premium Branded Food Products

Consortium Brand Partners to Acquire California Pizza Kitchen® in Partnership with Eldridge Industries, Aurify Brands, and Convive Brands.

NEW YORK--(BUSINESS WIRE)--Consortium Brand Partners (“CBP”), a consumer brand investment platform, together with Eldridge Industries, Aurify Brands, and Convive Brands, today announced that they have entered into a definitive agreement to acquire California Pizza Kitchen (or “CPK”), the pioneering casual dining restaurant chain. Convive Brands, an investment and operations platform of high-quality restaurant concepts, will direct global operations and serve as master franchisor for all CPK restaurants worldwide. Jon Weber, Chief Executive Officer of Convive Brands, will serve as CEO of the CPK restaurant group, overseeing all restaurant operations globally. Bain Capital Credit is supporting the acquisition with a debt and equity investment. The transaction will close in December 2025.

Under CBP’s ownership and Convive Brands’ operational leadership, CPK is poised for a new era of growth, leveraging its strong brand equity, global recognition, and recent operating momentum. The partnership will build on CPK’s recent success – including same-store sales growth in 2025 that outpaced the broader industry – by accelerating domestic and international franchise expansion, extending the CPK brand into new product categories, and enhancing its presence across both restaurants and retail through strategic initiatives.

Founded in 1985 in Beverly Hills, California Pizza Kitchen established itself as a category trailblazer in casual dining, introducing consumers to a distinctive, California-inspired approach to pizzas, salads, pastas, and desserts. Four decades later, the brand remains a household name with strong consumer loyalty, a standout culinary offering, and a track record of adapting thoughtfully to serve guests better.

Today, CPK’s global footprint includes more than 120 restaurants in 10 countries, along with a rapidly expanding consumer packaged goods (CPG) business featuring frozen pizzas and other products available in more than 10,000 major grocery retailers nationwide and across the globe. The brand has also recently launched and successfully piloted an innovative pizza vending machine concept, bringing triple-heated freshly baked CPK pizzas to airports, campuses, and entertainment venues — a sign of its continued spirit of culinary innovation and convenience.

“California Pizza Kitchen is an iconic American brand that has inspired generations of fans through creativity, flavor, and innovation,” said Jonathan Greller, President and Co-founder of Consortium Brand Partners. “We are thrilled to partner with Eldridge Industries, Aurify Brands, and Convive Brands to build on CPK’s rich heritage by expanding its global restaurant footprint, growing its grocery presence, and exploring new product categories that celebrate California creativity and flavor.”

“California Pizza Kitchen is a brand with a remarkable history and an even brighter future,” said Jon Weber, CEO of Convive Brands. “As we look to realize its exceptional potential, our focus remains on honoring CPK’s legacy, empowering the teams who drive its success every day, and welcoming the next generation of guests to experience the flavors and hospitality that will continue to set it apart.”

This transaction marks CBP’s fourth acquisition, following strategic investments in category-defining consumer brands including Jonathan Adler®, Draper James®, and Outdoor Voices®. The acquisition of California Pizza Kitchen further diversifies CBP’s portfolio, expanding its reach into the food, beverage, and hospitality sectors. The move underscores CBP’s commitment to partnering with established brands that possess strong consumer affinity and scalable growth potential.

Aurify Brands served as an advisor on the transaction. Winston & Strawn LLP acted as legal counsel to CBP. Reed Smith LLP served as legal counsel to Eldridge Industries and Convive Brands.

About California Pizza Kitchen
California Pizza Kitchen (CPK) is a global restaurant brand known for its imaginative California-style cuisine. Founded in 1985 in Beverly Hills, CPK introduced diners to the Original BBQ Chicken Pizza and an inventive menu built around fresh, high-quality ingredients and bold flavors. Today, CPK operates more than 120 restaurants in 10 countries and offers a popular line of frozen pizzas and other products sold in grocery stores nationwide. Learn more at www.cpk.com.

About Consortium Brand Partners
Consortium Brand Partners is a consumer-focused investment manager dedicated to acquiring and amplifying high-potential brands known for great products rooted in a strong ethos and powerful story. Built by business leaders who leverage deep category and operational insight with years of experience investing in and managing some of the strongest global brands and diverse teams across various consumer sectors. Backed by strategic and institutional limited partners, the firm partners with successful brands to unlock value and scale through consumer engagement, category growth, and global expansion. For more information, visit ConsortiumBrandPartners.com.

About Convive Brands
Convive Brands is a New York City based multi-brand restaurant operations and investment platform. As part of the Eldridge Industries portfolio, Convive Brands builds and stewards exceptional restaurant brands in various categories, including Le Pain Quotidien US and The Little Beet. Convive Brands’ investment thesis centers on operational fundamentals: fostering great teams, building sustainable systems and infrastructure, and executing excellently every day in every restaurant. Learn more at www.convivebrands.com.

About Eldridge Industries
Eldridge Industries invests in businesses across the Infrastructure, Technology, Mobility, Culture, and Luxury & Lifestyle landscapes. The firm seeks to build and grow businesses led by proven management teams that have demonstrated leadership and experience to scale an enterprise. Eldridge Industries has offices in Beverly Hills, Chicago, Dallas, Greenwich, London, Miami, and New York. To learn more about Eldridge Industries, please visit eldridgeind.com.

About Aurify Brands
Aurify Brands is a New York City–based hospitality investment and operating platform founded in 2005. Aurify Brands is focused on building, owning, and scaling category-leading franchise and fast-casual restaurant concepts. As entrepreneurs and operators, Aurify Brands identifies exceptional brands and partners with talented leaders to drive sustainable, long-term growth backed by deep operational expertise and a strong track record of brand building. The company has become one of New York City’s leading independent restaurant operators, supported by a broad industry network, access to top culinary and creative talent, and differentiated deal flow.

View source version at California Pizza Kitchen

Ark Restaurants Announces Financial Results for the Fourth Quarter and Fiscal Year Ended 2025

Dec 15, 2025 4:20 PM Eastern Standard Time

NEW YORK--(BUSINESS WIRE)--Ark Restaurants Corp. (NASDAQ:ARKR) today reported financial results for the fourth quarter and fiscal year ended September 27, 2025.

The Company’s fiscal year ends on the Saturday nearest September 30. The fiscal years ended September 27, 2025 and September 28, 2024 both included 52 weeks and the quarters ended September 27, 2025 and September 28, 2024 both included 13 weeks.

"The current quarter showed negative Earnings before Interest, Taxes, Depreciation and Amortization ("EBITDA"), as adjusted, of $1,071,000, down from positive EBITDA, as adjusted, of $503,000 in the prior year comparable quarter, due in large part to the expense of our ongoing litigation involving our Bryant Park operations which exceeded $400,000 in the quarter," said Michael Weinstein, Chairman and Chief Executive Officer. "Net loss attributable to Ark Restaurants Corp. for the current quarter was $(1,919,000) or $(0.53) per basic and diluted share compared to a net loss of $(4,457,000) or $(1.24) per basic and diluted share, in the prior year comparable quarter. Also, because the outcome and timing of the litigation cannot be predicted with certainty, our event business at the Bryant Park Grill has suffered which has impacted our revenue and cash flow. In addition, the D.C. market has been a difficult environment for us and most restaurants, but we remain committed to this location. The rest of our portfolio performed well. Significantly, our operations at the New York-New York Hotel and Casino in Las Vegas continued to show increased cash flow despite lower customer traffic on the Las Vegas Strip. Our Rustic Inn property in Florida and Robert in NYC continue to perform better than last year and the rest of our portfolio restaurants continue to meet expectations. Further, our Balance Sheet remains strong, supporting future growth."

Financial Results

As of September 27, 2025, the Company had cash and cash equivalents of $11,324,000 and total outstanding debt of $3,609,000.

Total revenues for the 13 weeks ended September 27, 2025 were $37,323,000 versus $43,406,000 for the 13 weeks ended September 28, 2024. No revenues for El Rio Grande and the Tampa Food Court (see below) are included in the 13 weeks ended September 27, 2025. The 13 weeks ended September 28, 2024 includes revenues of $812,000 and $1,239,000 related to El Rio Grande and the Tampa Food Court, respectively. Excluding revenues related to El Rio Grande and the Tampa Food Court, revenues for the 13 weeks ended September 28, 2024 were $41,355,000.

Total revenues for the year ended September 27, 2025 were $165,751,000 versus $183,545,000 for the year ended September 28, 2024. No revenues for El Rio Grande are included in the year ended September 27, 2025 and the year ended September 27, 2025 includes revenues of $974,000 related to the Tampa Food Court. The year ended September 28, 2024 includes revenues of $3,185,000 and $5,241,000 related to El Rio Grande and the Tampa Food Court, respectively. Excluding revenues related to El Rio Grande and the Tampa Food Court, revenues for the year ended September 28, 2024 were $175,118,000.

Excluding revenues related to El Rio Grande and the Tampa Food Court, Company-wide same store sales decreased 10.1% and 4.2% for the 13 and 52 weeks ended September 27, 2025 as compared to the same periods of last year. These decreases were attributable primarily to decreases in both catering and a la carte revenue at the Bryant Park Grill as a result of the negative publicity related to our dispute with the landlord as well as lower traffic in Las Vegas.

The Company's EBITDA, as adjusted, for the 13 weeks ended September 27, 2025 was $(1,071,000) versus $503,000 for the 13 weeks ended September 28, 2024. Net loss attributable to Ark Restaurants Corp. for the 13 weeks ended September 27, 2025 was $(1,919,000) or $(0.53) per basic and diluted share compared to a net loss of $(4,457,000) or $(1.24) per basic and diluted share, for the 13 weeks ended September 28, 2024.

The Company's EBITDA, as adjusted, for the 52 weeks ended September 27, 2025 was $1,407,000 versus $6,128,000 for the 52 weeks ended September 28, 2024. Net loss attributable to Ark Restaurants Corp. for the 52 weeks ended September 27, 2025, which includes a full valuation allowance related to our deferred tax assets in the amount of $4,799,000, was $(11,466,000) or $(3.18) per basic and diluted share compared to a net loss of $(3,896,000) or $(1.08) per basic and diluted share, for the 52 weeks ended September 28, 2024.

EBITDA is a Non-GAAP Financial Measure, accordingly, please see the table attached to this news release for the details of the adjustments made in arriving at EBITDA, as adjusted, for each period presented and "Non-GAAP Financial Information" at the end of this news release.

View full version at Ark Restaurants

Financials - January 2026

Denny’s Corporation Announces Completion of Acquisition by TriArtisan Capital Advisors, Treville Capital Group and Yadav Enterprises

A big Popeyes franchisee files for bankruptcy

Megan Thee Stallion Opens First Popeyes® Franchise in Miami With Ribbon Cutting Ceremony