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 and one of the largest operators of convenience stores and wholesalers of fuel in the United States. News about ARKO often centers on its multi-segment operations in retail convenience, wholesale fuel supply, fleet fueling and its internal fuel distribution arm, GPM Petroleum.
Investors and industry followers can use the ARKO news stream to monitor quarterly earnings announcements, segment performance and updates on the company’s multi-year transformation plan. Recent earnings releases have discussed same-store metrics, fuel contribution and merchandise margins across retail, wholesale and fleet fueling, as well as the impact of converting company-controlled stores to dealer sites.
Corporate news also covers strategic initiatives such as the rollout of food-forward store formats and the fas craves concept, new-to-industry Handy Mart and other store openings, and remodeling projects designed to elevate the customer experience. In addition, ARKO has reported on a non-binding memorandum of understanding between its subsidiary GPM Investments and Apollo Power to evaluate solar energy deployments across parts of its U.S. network.
Governance and capital markets updates appear frequently in ARKO’s news, including changes in the chief financial officer role, board appointments and the filing of a registration statement for a proposed initial public offering of ARKO Petroleum Corp., the subsidiary expected to encompass wholesale, fleet fueling and GPM Petroleum operations. For readers tracking ARKO’s strategy, capital allocation, and network evolution, this news feed provides a centralized view of the company’s operational, financial and corporate developments.
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.
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.
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