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Ark Restaurants Corp (ARKR) Q3 2025 Earnings Call Highlights: Strong Cash Position Amid ...
Ark Restaurants Corp (ARKR) Q3 2025 Earnings Call Highlights: Strong Cash Position Amid ...

Yahoo

time2 hours ago

  • Business
  • Yahoo

Ark Restaurants Corp (ARKR) Q3 2025 Earnings Call Highlights: Strong Cash Position Amid ...

Cash: $12 million at quarter end. Debt: $3.9 million. Credit Agreement: Extended through 6/1/2028 with $20 million capacity. Impairment: $4.7 million impairment of Sequoia's leasehold improvements and right of use assets. Release Date: August 12, 2025 For the complete transcript of the earnings call, please refer to the full earnings call transcript. Positive Points Ark Restaurants Corp (NASDAQ:ARKR) reported a strong cash position with $12 million at the end of the quarter. The company successfully extended its credit agreement through June 2028, providing $20 million of capacity. Las Vegas operations have been performing well in terms of cash flow despite a slowdown in visitor numbers. The Robert restaurant in New York and Rustic in Fort Lauderdale are exceeding expectations. The company is optimistic about the potential for a casino license in the Meadowlands, which could enhance future growth opportunities. Negative Points Ark Restaurants Corp (NASDAQ:ARKR) reported an impairment of $4.7 million related to Sequoia's leasehold improvements. Visitor numbers and headcounts are down in several locations, impacting overall performance. Sequoia in Washington DC is experiencing a significant decline in event business due to the local environment. The company is involved in litigation regarding its operations at Bryant Park, which could be a lengthy and costly process. Overall demand in certain areas is described as a 'mini nation of demand,' indicating broader industry challenges. Q & A Highlights Warning! GuruFocus has detected 3 Warning Signs with ARKR. Q: Can you provide an update on the company's financial position, particularly regarding cash and debt levels? A: Anthony Sirica, President and CFO, stated that the company has $12 million in cash at the quarter's end and $3.9 million in debt. The credit agreement was extended through June 1, 2028, with a $20 million capacity. Additionally, there was an impairment of $4.7 million related to Sequoia's leasehold improvements. Q: How are the individual restaurants performing, especially in light of the current market environment? A: Michael Weinstein, Chairman and CEO, mentioned that most restaurants are performing well, with Las Vegas showing strong cash flow. Robert in New York and Rustic in Fort Lauderdale are exceeding expectations. However, there is a noted decline in visitor numbers in some areas, particularly affecting Sequoia in Washington DC and Bryant Park. Q: What challenges are being faced by Sequoia and Bryant Park restaurants? A: Michael Weinstein explained that Sequoia is struggling due to a decrease in event business and overall visitor numbers in Washington DC. Bryant Park is involved in litigation, which is expected to be a lengthy process, but the company is committed to maintaining its position as the operator. Q: Is there any progress on the casino license possibilities for Meadowlands? A: Michael Weinstein indicated that the company is optimistic about a potential referendum by the New Jersey legislature to permit gaming in the northern part of the state. They believe they are well-positioned to secure a casino license once New York State announces its downstate casino licenses. Q: Were there any questions from analysts or participants during the Q&A session? A: There were no questions from analysts or participants during the Q&A session. For the complete transcript of the earnings call, please refer to the full earnings call transcript. This article first appeared on GuruFocus. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data

Third Georgia defensive back shuts down his recruitment
Third Georgia defensive back shuts down his recruitment

USA Today

timea day ago

  • Sport
  • USA Today

Third Georgia defensive back shuts down his recruitment

Another Georgia Bulldogs recruit has announced he's staying with Georgia. Class of 2026 four-star safety commit Zech Fort shut down his recruitment. This news is hardly shocking. Fort has been beating the drum for other recruits, such as Breck Kojolay, Preston Carey, and Zykie Helton, to come to the Georgia Bulldogs. Fort is teammates with Preston Carey at IMG Academy and Georgia has had a long list of IMG Academy alumni that played for the Bulldogs such as Nolan Smith Jr. and Ellis Robinson IV. Fort was one of the first recruits to commit to Georgia, committing in January, and now he's taken a step to cement his spot on Georgia's roster in 2026. Fort is the No. 11 safety prospect and No. 133 recruit in the nation. He was on the Polynesian Bowl roster and Under Armour All-American Game roster. While there, he was probably persuading many recruits to commit to Georgia. Georgia has the No. 1 recruiting class in the nation and the biggest part of their 2026 recruiting class is their secondary. Georgia has seven commits in the secondary, with five four-stars and two three-stars. Defensive backs Justice Fitzpatrick and Jordan Smith have already shut down their recruitment too. Follow UGAWire on Instagram or Threads!

Popsicles, spray park, family time: Fort St. John locals enjoy warm weather at Centennial Park
Popsicles, spray park, family time: Fort St. John locals enjoy warm weather at Centennial Park

Hamilton Spectator

time02-08-2025

  • Climate
  • Hamilton Spectator

Popsicles, spray park, family time: Fort St. John locals enjoy warm weather at Centennial Park

FORT ST. JOHN, B.C. — The recent heatwave has seen some locations in the Peace region, including Dawson Creek, break temperature records. Temperatures around Fort St. John will reach highs of 29 C on Friday, August 1st, with the humidex making it seem like the mid-30s. With a heat warning from Environment Canada set to stretch to the start of the August long weekend , went to the Rotary Spray Park in Fort St. John's Centennial Park to find out what residents are doing to stay cool. Dale Bigelow was enjoying the shade, having some Kentucky Fried Chicken (KFC) with his daughter and grandchildren. 'Just trying to stay cool,' said Bigelow. 'The best way is to come out to the spray park,' said Bigelow. 'The city does a great job [with it].' A little further down, Georgia Vella was spending time with her newborn daughter Adeline and nephew Waylon. 'Yesterday when it was super warm, we just enjoyed the shade,' said Vella. 'We've been hanging out [with Waylon] with daycare closed this week. 'We're going to try to take him to the [Fort St. John International] Air Show. Hopefully that pans out for us.' Finally, Rebecca Soggie and her friend Jewel spent time with the latter's three children, saying this weekend will feature a hike near Tumbler Ridge's Windfall Lake. Her response about beating the heat was answered with the simple statement: 'Lots of popsicles.' Check the latest temperatures in Fort St. John on Environment Canada's website . Error! Sorry, there was an error processing your request. There was a problem with the recaptcha. Please try again. You may unsubscribe at any time. By signing up, you agree to our terms of use and privacy policy . This site is protected by reCAPTCHA and the Google privacy policy and terms of service apply. Want more of the latest from us? Sign up for more at our newsletter page .

Project GROWS' youth leadership program has been 'heart changing' for some area teens
Project GROWS' youth leadership program has been 'heart changing' for some area teens

Yahoo

time25-07-2025

  • General
  • Yahoo

Project GROWS' youth leadership program has been 'heart changing' for some area teens

Camila Cruz and Leah Cook applied at the same time for the Youth Leader in Agriculture program at Project GROWS this summer. The Fort Defiance High School students weren't sure what to expect, but thought it would be a good first summer job. Cook is interested in plants and even took a horticulture class in school. She wanted to spend the summer working outdoors. Cruz has no background in agriculture and, until this summer, no real interest in it. "This is completely new to me," said Cruz, who will be a junior this coming year. "We didn't know what to expect, but it's been heart-changing almost what we've been able to complete in the last two months." Breaking ground in 2012, Project GROWS is a nonprofit with a focus on food education and food access as solutions to improving long-term health and food security. The farm is located just outside of Verona on Berry Farm Road. Youth Leaders in Agriculture is an eight-week program for high school students in Staunton, Waynesboro and Augusta County. The paid summer farm job helps teenagers interested in learning more about a variety of topics related to farming and sustainable agriculture. But it's more than just that. Reh Franklin is the coordinator of the program. "They spend eight weeks here on the farm not only developing acuity with farm tasks and farm skills, but also professional development and leadership," said Franklin. "We take them on workshops and field trips so they get exposed to different methods of agriculture. And we have exploration days where we hone interviewing skills, resume building, giving and receiving professional feedback. Then they take those skills and apply them to the work we do on the farm." There is also peer-to-peer mentorship, where students have the opportunity to lead one another on various tasks. If they return a second season they can apply to be an assistant crew leader and, if they return a third year, crew leader. "They're not only receiving directions but they're giving them and leading groups of people from as young as 6 all the way up to 60 years old in all facets of what happens here at Project GROWS" Franklin said. Evan Braun, who will be a senior at Fort this fall, returned for his third year at Project GROWS, where he's a crew leader this summer. He got started in the program when his older sister applied. She would come home and talk about the experience, which intrigued Braun. He wasn't particularly interested in agriculture, but he did like one aspect the job offered. "I just wanted an outdoor job that wasn't sitting in a convenience store or something like that," he said. "I applied here and now, three years later, I'm a crew leader here; I have my own garden at home. I enjoy it." As an organic farm, Project GROWS doesn't use pesticides. That means there is a lot of weeding that needs to be done. It's not necessarily Braun's favorite task, but he understands it's part of the job. No pesticides also means bug control falls to those working the gardens. More: Art Hive calls for help to add accessibility ramp, inclusive mural "We squish potato beetles and do all the interesting things to help our plants grow best," Braun said. The part of the job he enjoys most is harvesting. The group gathers crops on Mondays, Wednesdays and Fridays. On Thursdays, they help out the Waynesboro Educational Farm behind Berkeley Glenn Elementary School. Braun puts in 32 hours a week, showing up at 7 a.m. most days. The group also helps with Project GROWS' mobile market. "It was so cool," said Cook. "I loved seeing the people's faces when they got the fresh produce. It was such a cool experience. I never thought with getting this job that would come with it." The Youth Leaders in Agriculture program runs from June to July each year and the pay starts at $13.50/hour. Applicants must attend an Augusta County, Staunton, or Waynesboro school and be available to work 20 to 30 hours a week. "A lot of the students when they first start have never set foot on a farm before," Franklin said. "So they're a little nervous and they're a little shy and they're not exactly sure what they're getting into. The first couple of days can be a shock to their system too, being out in the hot sun all day long. But as we grow not just the produce, but as a team, they learn to develop an appreciation for what's happening on the farm." The program is supported by the Tess Majors Foundation, Waynesboro Public Schools, Augusta County Public Schools, and Staunton High School's mentorship program. More: The Box to offer nightlife and events space in Staunton Patrick Hite is a reporter at The News Leader. Story ideas and tips are always welcome. Connect with Patrick (he/him/his) at phite@ and on Instagram @hitepatrick. Subscribe to us at This article originally appeared on Staunton News Leader: Teens develop leadership skills through Project GROWS' summer program Solve the daily Crossword

Explore Temples on 11 Days South India Tour Experience
Explore Temples on 11 Days South India Tour Experience

Time Business News

time23-07-2025

  • Time Business News

Explore Temples on 11 Days South India Tour Experience

Experience the vibrant culture, spiritual legacy, and serene landscapes with an unforgettable 11 Days South India Tour. From ancient temples and colonial towns to misty hill stations and tranquil backwaters, South India is a perfect destination for travelers seeking diversity, authenticity, and relaxation. Whether you're a culture enthusiast, nature lover, or spiritual seeker, this tour is designed to give you a comprehensive experience across Tamil Nadu and Kerala — two of the most iconic states in South India. The 11 Days South India Tour takes you through a well-curated journey that covers: Magnificent Dravidian-style temples French colonial charm in Pondicherry Tea plantations in Munnar Wildlife at Periyar The famous Kerala backwaters in Alleppey Coastal beauty of Kochi This tour is ideal for families, couples, solo travelers, and photography lovers. Your tour begins in Chennai, the bustling capital of Tamil Nadu. After arrival, explore attractions like: Marina Beach Kapaleeshwarar Temple Fort St. George Santhome Basilica Overnight Stay: Chennai Drive to Mahabalipuram, stopping at Kanchipuram, a city known for its ancient temples and silk sarees. In Mahabalipuram, visit: Shore Temple Arjuna's Penance Pancha Rathas Krishna's Butterball Overnight Stay: Mahabalipuram Head south to Pondicherry, the former French colony known for its European-style streets and serene ambience. Explore: Auroville Aurobindo Ashram Promenade Beach French Quarter Overnight Stay: Pondicherry Drive to Tanjore, home of the great Chola Empire. This cultural hotspot is known for its art, music, and architecture. Must-see sights: Brihadeeswarar Temple (UNESCO) Tanjore Palace Saraswathi Mahal Library Overnight Stay: Tanjore Travel to Madurai, a 2,500-year-old city famous for the iconic Meenakshi Amman Temple. Explore the vibrant markets and participate in an evening temple ceremony. Other highlights: Thirumalai Nayakar Mahal Gandhi Museum Overnight Stay: Madurai Cross into Kerala and reach Periyar, a gateway to Kerala's nature and spice plantations. In Periyar, enjoy: Spice plantation tour Optional boat ride on Periyar Lake Periyar Lake Elephant rides or jungle walks Overnight Stay: Thekkady Head to Munnar, the famed hill station of Kerala. With tea gardens, misty hills, and fresh mountain air, it's the perfect change of pace. Evening Leisure: Relax at the resort or take a short nature walk. Overnight Stay: Munnar Spend the day exploring Munnar's top attractions: Eravikulam National Park Tea Museum Echo Point Mattupetty Dam Kundala Lake Overnight Stay: Munnar Drive down to Alleppey, the heart of Kerala's backwaters. Board a traditional houseboat and cruise through palm-lined canals, paddy fields, and quaint villages. Inclusions: Private houseboat with meals Sunset views over Vembanad Lake Overnight Stay: Houseboat Disembark and travel to Kochi (Cochin), the cultural melting pot of Kerala. Explore its colonial charm and historical sites: Chinese Fishing Nets St. Francis Church Mattancherry Palace Jewish Synagogue Fort Kochi Enjoy a Kathakali dance performance in the evening. Overnight Stay: Kochi Your memorable 11 Days South India Tour concludes with a transfer to Kochi Airport for your onward journey. Covers both Tamil Nadu's temple heritage and Kerala's natural beauty and Includes iconic experiences like houseboat cruising , spice plantation tours , and tea estate walks , , and Blend of spiritual , cultural , and eco-tourism destinations , , and destinations Comfortable stays and customizable itineraries Light cotton clothes for the day Modest attire for temples Comfortable shoes Sunscreen and insect repellent Camera for capturing stunning landscapes October to March is the ideal time for this tour due to the pleasant weather. is the ideal time for this tour due to the pleasant weather. June to September (Monsoon) is lush but humid and best for honeymooners or monsoon lovers. is lush but humid and best for honeymooners or monsoon lovers. Avoid peak summer (April–May) unless you love tropical heat. The 11 Days South India Tour is a wonderful introduction to the region's immense cultural depth and ecological variety. From majestic temples and hill stations to wildlife sanctuaries and tranquil waters, this itinerary promises enriching experiences each day. It's a perfect tour for anyone looking to discover the soul of South India at a comfortable pace. TIME BUSINESS NEWS

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