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Ark Restaurants Announces Financial Results for the Fourth Quarter and Fiscal Year Ended 2020
December 21, 2020 GMT
NEW YORK (BUSINESS WIRE) Dec 21, 2020
Ark Restaurants Corp. (NASDAQ:ARKR) today reported financial results for the fourth quarter and fiscal year ended October 3, 2020.
The Company’s fiscal year ends on the Saturday nearest September 30. Accordingly, the fiscal years ended October 3, 2020 and September 28, 2019 included 53 and 52 weeks, respectively and the quarters ended October 3, 2020 and September 28, 2019 contained 14 and 13 weeks, respectively. Having one more week in the fourth quarter and full year ended October 3, 2020 distorts the comparison of results with the prior year periods.
How New York’s Prohibition Era 21 Club Closure Differs From Pandemic Impacted Businesses
12/12/20 AT 12:16 PM
Following New York Governor Cuomo’s decision to temporarily stop indoor dining in NYC amid the rising number of positive COVID-19 cases, an iconic bar in NYC has announced its plans to close its doors.
The 21 Club, which was one of the most famous speakeasies of the Prohibition Era, temporarily closed down in March after the city became the epicenter of the coronavirus pandemic, the NY Daily News reports.
However, on Friday, a spokesperson for the establishment announced its indefinite closure but claimed the 21 Club would reopen its doors one day.