ARKO Corp. Subsidiary to Open New Handy Mart Store in Newport, North Carolina

Rhea-AI Summary

ARKO Corp.'s subsidiary, GPM, is set to open a new Handy Mart store in Newport, North Carolina, showcasing new initiatives and offerings. The store will feature a variety of food and beverage options, a loyalty program, and convenient fueling options, highlighting the company's strategic focus on sales growth, loyalty programs, and food services.

Positive

• Opening a new Handy Mart store in Newport, North Carolina to showcase new initiatives and offerings.
• Acquired Handy Mart stores in November 2021 and improved their performance.
• The new store will feature a variety of food and beverage options, a loyalty program, and convenient fueling options.
• Strategic focus on growing sales in core destination categories, expanding the fas REWARDS loyalty program, and enhancing food and beverage services.

Negative

• None.

RICHMOND, Va., April 16, 2024 (GLOBE NEWSWIRE) -- ARKO Corp. (Nasdaq: ARKO), a Fortune 500 company and one of the largest convenience store operators in the United States (“ARKO” or the “Company”), announced today that its subsidiary GPM broke ground with a New To Industry Handy Mart branded location at 2934 Highway 24, Newport, North Carolina that is scheduled to open later this year. This location is the second announced New To Industry location in process that the Company has announced in the last 30 days.

“We have been very happy with the performance of our Handy Mart stores, which we acquired in November of 2021, and our ability to improve performance at those stores,” said Arie Kotler, President & CEO of ARKO. “Building upon the strong community ties of the Handy Mart brand in North Carolina, we are very excited to begin construction on our first New To Industry location under the Handy Mart banner since our acquisition, which will showcase many of our new initiatives and offerings in a beautiful and inviting store design. The addition of this new store is just another destination where customers that enroll in our loyalty program, fas REWARDS^®, can take advantage of daily, significant savings.”

This location will be a 5,600 square foot store, featuring delicious food and beverage service options of always fresh bean-to-cup hot and iced coffee, Frazil frozen drinks, donuts, cookies, breakfast sandwiches, Nathan’s hot dogs, Tornados^®, fried chicken, cheeseburgers, mozzarella sticks, chicken wings, and, of course, our delicious, high-value $4.99 pizza, both take-and-bake and served hot, and our $2.99 Tyson chicken sandwich being offered to our enrolled fas REWARDS loyalty members. Additionally, the new location will have 14 doors for cold packaged beverages, 24 fountainheads and a walk-in beer cave.

Equipped with 30 parking spaces, six fuel dispensers with 12 fueling positions, two auto diesel dispensers with four diesel fueling positions, and two truck fueling lanes, providing additional access and options for our customers for their convenience.   

This store underscores ARKO’s focus on three strategic key pillars: Growing sales in core destination categories, growing its high-value fas REWARDS loyalty program, and expanding the Company’s food and beverage service. Visit a store or download the free app today to begin saving today. To learn more, visit: www.fasrewards.com.

About ARKO Corp.

ARKO Corp. (Nasdaq: ARKO) is a Fortune 500 company that owns 100% of GPM Investments, LLC and is one of the largest operators of convenience stores and wholesalers of fuel in the United States. Based in Richmond, VA, our highly recognizable family of community brands offers delicious, prepared foods, beer, snacks, candy, hot and cold beverages, and multiple popular quick serve restaurant brands. Our high value fas REWARDS^® loyalty program offers exclusive savings on merchandise and gas. We operate in four reportable segments: retail, which includes convenience stores selling merchandise and fuel products to retail customers; wholesale, which supplies fuel to independent dealers and consignment agents; GPM Petroleum, which sells and supplies fuel to our retail and wholesale sites and charges a fixed fee, primarily to our fleet fueling sites; and fleet fueling, which includes the operation of proprietary and third-party cardlock locations, and issuance of proprietary fuel cards that provide customers access to a nationwide network of fueling sites. To learn more about GPM stores, visit: www.gpminvestments.com. To learn more about ARKO, visit: www.arkocorp.com.

Forward-Looking Statements

This document includes certain “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995. These forward-looking statements may address, among other things, the Company’s expected financial and operational results and the related assumptions underlying its expected results. These forward-looking statements are distinguished by use of words such as “anticipate,” “aim,” “believe,” “continue,” “could,” “estimate,” “expect,” “guidance,” “intends,” “may,” “might,” “plan,” “possible,” “potential,” “predict,” “project,” “should,” “will,” “would” and the negative of these terms, and similar references to future periods. These statements are based on management’s current expectations and are subject to uncertainty and changes in circumstances. Actual results may differ materially from these expectations due to, among other things, changes in economic, business and market conditions; the Company’s ability to maintain the listing of its common stock and warrants on the Nasdaq Stock Market; changes in its strategy, future operations, financial position, estimated revenues and losses, projected costs, prospects and plans; expansion plans and opportunities; changes in the markets in which it competes; changes in applicable laws or regulations, including those relating to environmental matters; market conditions and global and economic factors beyond its control; and the outcome of any known or unknown litigation and regulatory proceedings. Detailed information about these factors and additional important factors can be found in the documents that the Company files with the Securities and Exchange Commission, such as Form 10-K, Form 10-Q and Form 8-K. Forward-looking statements speak only as of the date the statements were made. The Company does not undertake an obligation to update forward-looking information, except to the extent required by applicable law.

FAQ

When is ARKO Corp.'s subsidiary opening a new Handy Mart store in Newport, North Carolina?

ARKO Corp.'s subsidiary, GPM, is set to open a new Handy Mart store in Newport, North Carolina, scheduled to open later this year.

What are some of the food and beverage options available at the new Handy Mart store?

The new Handy Mart store will feature options such as always fresh bean-to-cup hot and iced coffee, Frazil frozen drinks, donuts, cookies, breakfast sandwiches, Nathan’s hot dogs, Tornados®, fried chicken, cheeseburgers, mozzarella sticks, chicken wings, $4.99 pizza, and $2.99 Tyson chicken sandwich.

What strategic pillars does ARKO Corp. focus on with the new store?

ARKO Corp. focuses on three strategic key pillars with the new store: growing sales in core destination categories, expanding the fas REWARDS loyalty program, and enhancing food and beverage services.

Where can customers learn more about the fas REWARDS loyalty program?

Customers can learn more about the fas REWARDS loyalty program by visiting www.fasrewards.com or by downloading the free app.