Welcome to our dedicated page for ARKO news (Ticker: $ARKO), a resource for investors and traders seeking the latest updates and insights on ARKO stock.
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ARKO Corp. reported its first quarter 2024 financial results, including a net loss reduction, adjusted EBITDA decrease, merchandise revenue growth, merchandise margin expansion, and retail fuel contribution increase. The company is focusing on organic growth with a multi-year transformation plan and share repurchase program expansion. Key highlights include merchandise and fuel contribution increases, operating expense growth, liquidity and capital expenditure details, dividend and share repurchase program updates, and segment-specific information. The company expects second quarter 2024 adjusted EBITDA of $70-$77 million and maintains full-year adjusted EBITDA guidance of $250-$290 million.