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.
ARKO Corp. (Nasdaq: ARKO) is a Fortune 500 company that owns 100% of GPM Investments, LLC, and stands as one of the largest operators of convenience stores and fuel wholesalers in the United States. Based in Richmond, VA, ARKO Corp. operates under a family of recognizable community brands, offering a wide range of products including prepared foods, snacks, candy, beverages, and popular quick-serve restaurant brands. The company also features the high-value fas REWARDS® loyalty program, which provides exclusive savings on merchandise and fuel.
ARKO Corp. operates in four primary segments: Retail, which includes convenience stores selling merchandise and fuel; Wholesale, which supplies fuel to independent dealers and consignment agents; GPM Petroleum, responsible for selling and supplying fuel while charging a fixed fee, mainly to fleet fueling sites; and Fleet Fueling, which includes the operation of proprietary and third-party cardlock locations and issues proprietary fuel cards that offer access to a network of fueling sites.
Recently, ARKO announced its financial results for the fourth quarter and full year of 2023. Over the past three years, the company has significantly expanded its geographic footprint through acquisitions, delivering approximately $166 million in net income and about $850 million in cumulative adjusted EBITDA. For the full year of 2023, ARKO reported $290.4 million in adjusted EBITDA, holding the performance within 3.5% of 2022 levels despite a 3.4% decline in national fuel gallon demand.
Notable highlights from the year include a 2.5% increase in same store merchandise sales excluding cigarettes and an overall increase of 16.7% in total merchandise contribution. The company's focus on improving customer experience and store productivity remains central to its growth strategy. ARKO also announced a new investor day planned for later in the year to reveal its multi-year roadmap for enhancing organic performance and driving shareholder value.
Furthermore, ARKO continues to invest in its loyalty program and its core destination categories. The company’s fas REWARDS® loyalty program has been a pivotal part of its strategy, offering customers significant savings and exceptional value.
As of the end of 2023, ARKO had a total liquidity of approximately $831 million. The company's capital expenditures for the year were around $111.2 million, which include purchases of properties, upgrades to fuel dispensers, and other store investments. Additionally, ARKO has amended its program agreement with Oak Street, extending the term and increasing the capacity to $1.5 billion, allowing for further strategic investments.
Looking ahead, ARKO aims to focus more on organic growth and will continue leveraging its significant acquisitions to enhance its market presence and operational efficiency.
ARKO Corp. (Nasdaq: ARKO), a Fortune 500 convenience store operator, has scheduled its Q4 and Full Year 2024 financial results conference call for February 26, 2025, at 5:00 p.m. Eastern time. The company will release its financial results via press release before the call.
The conference call will feature ARKO's management team presentation followed by a Q&A session. Participants can join through toll-free number (877) 605-1792 or international number (201) 689-8728. A replay will be available until March 28, 2025, and can be accessed via toll-free (877) 660-6853 or international (201) 612-7415 with Replay ID 13751014. A webcast will also be available on ARKO's website.
ARKO Corp (Nasdaq: ARKO) has launched 'Fueling America's Future' campaign, offering unprecedented fuel discounts through its fas REWARDS® loyalty program. Members can save up to $2 off per gallon or $40 per fill-up at any ARKO location nationwide by stacking rewards earned through qualifying purchases.
The program, available across ARKO's 1,350+ branded retail stores, including fas mart®, E-Z mart®, Scotchman®, and others, aims to address rising gas prices and support working Americans. The fas REWARDS® program currently has 2.3 million enrolled members who can accumulate cents-off fuel rewards in their 'virtual wallet' through qualifying purchases.
GPM Investments has launched its annual MDA Holiday Retail Campaign across approximately 1,500 locations in 27 states, running from December 1 through December 31, 2024. The campaign supports the Muscular Dystrophy Association's mission to help families affected by muscular dystrophy, ALS, and related neuromuscular diseases. Customers can participate by purchasing $1 or $5 pinups or rounding up their purchases. This marks over 13 years of GPM Investments' support for MDA's initiatives in research advancement, care improvement, and family advocacy.
ARKO Corp. reported Q3 2024 financial results with net income of $9.7 million, down from $21.5 million year-over-year. Adjusted EBITDA was $78.8 million compared to $87.3 million in Q3 2023. The company achieved a retail fuel margin of 41.3 cents per gallon and merchandise margin of 32.8%. As part of its transformation plan, ARKO converted 51 retail stores to dealer sites and plans to convert approximately 100 more by Q4 2024. The company expects these conversions to generate an annualized benefit of $8.5 million to Operating Income. ARKO declared a quarterly dividend of $0.03 per share and provided Q4 2024 Adjusted EBITDA guidance of $53-63 million.
ARKO Corp. (Nasdaq: ARKO), a Fortune 500 convenience store operator, announced it will release its third quarter 2024 financial results on November 7, 2024. The company will host a conference call at 5:00 p.m. Eastern time, featuring a management presentation followed by a Q&A session. A webcast replay will be available until December 6, 2024. Participants are advised to register 15 minutes before the start time.
ARKO Corp. (Nasdaq: ARKO), a Fortune 500 company and one of the largest convenience store operators in the U.S., has opened a new Handy Mart store in Newport, North Carolina. The 5,600-square-foot store, located at 2934 Highway 24, offers a wide range of food and beverage options, including fresh coffee, Frazil frozen drinks, and grab-and-go items. The store features special deals for fas REWARDS® loyalty members, such as $4.99 pizza, 2 for $3.33 Nathan's hot dogs, and $2.99 Tyson chicken sandwiches.
The new location includes a walk-in beer cave and fueling options for cars and trucks. A grand opening event is scheduled from September 16th to 29th, featuring activities, giveaways, and special offers like buy one get one free case water, $3.99 value pizza, and 50¢ medium coffee or fountain drinks.
ARKO Corp. (Nasdaq: ARKO) reported its Q2 2024 financial results. Key highlights include:
- Net income of $14.1 million, down from $14.5 million year-over-year
- Adjusted EBITDA of $83.8 million, exceeding guidance of $70-77 million
- Merchandise revenue decreased 2.1% to $474.2 million
- Merchandise margin expanded 90 basis points to 32.8%
- Retail fuel contribution increased 1.2% to $118.0 million
- Retail fuel margin increased to 41.6 cents per gallon
ARKO is developing a multi-year transformation plan, including targeted capital allocation, improved customer experience, and conversion of retail stores to dealer sites. The company declared a quarterly dividend of $0.03 per share.
ARKO Corp. (Nasdaq: ARKO), a Fortune 500 company and major U.S. convenience store operator, has announced its upcoming second quarter 2024 financial results conference call. The event is scheduled for Tuesday, August 6, 2024, at 5:00 p.m. Eastern time. ARKO's management team will host the call, which will include a Q&A session. Financial results for the quarter ending June 30, 2024, will be released prior to the call.
Interested parties can join via phone or webcast. A replay will be available for approximately one month after the call. Participants are encouraged to register at least 15 minutes before the start time.
ARKO Corp. (Nasdaq: ARKO) has been named to the Fortune 500 list for the third consecutive year, ranking No. 453 in 2024, an advancement of 7 places from 2023 and 45 places since its debut in 2022. This recognition celebrates ARKO's strategic growth and operational excellence in the convenience store and fuel wholesaling sectors. The company has grown from 300 stores in 2003 to nearly 3,700 locations today, including 1,550 company-operated stores, over 1,800 independent dealer sites, and around 300 unmanned fleet fueling locations. In 2023, ARKO acquired approximately 160 convenience stores, expanding into Alabama and Mississippi.
ARKO Corp. subsidiary, GPM Investments, announced that Nathan's Famous 100% beef hot dogs are now available at over 450 locations. This move is part of the company's aim to enhance the food program by offering high-quality and well-known products to its customers. The hot dogs are priced at $1.99 each or two for $3.33 for fas REWARDS members. The addition of Nathan's Famous hot dogs aligns with ARKO's commitment to providing delicious and convenient food options at competitive prices.
FAQ
What is the current stock price of Arko (ARKO)?
What is the market cap of Arko (ARKO)?
What does ARKO Corp. do?
What are the primary segments of ARKO Corp.?
What is the fas REWARDS® program?
How did ARKO perform financially in 2023?
What are ARKO's growth strategies?
Where is ARKO Corp. headquartered?
How many convenience stores does ARKO operate?
What is ARKO's long-term focus?
What is ARKO's recent financial performance highlight?
What is ARKO's liquidity status as of the end of 2023?
