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) is set to present at the 2021 BMO Farm to Market Conference on May 19, 2021, at 9:20 am Eastern Time. The presentation will be available via live webcast, with a replay accessible for 90 days. ARKO, owning 100% of GPM Investments, operates approximately 2,950 convenience store locations across 33 states and the District of Columbia, making it the 7th largest convenience store chain in the U.S. The company operates in three segments: retail, wholesale, and GPMP, offering a wide range of consumer products through its stores.
ARKO Corp. (Nasdaq: ARKO) will announce its first-quarter results for the period ended March 31, 2021, on May 13, 2021, prior to the U.S. market opening. A conference call is scheduled for 10:00 a.m. ET on the same day to discuss these results. Investors can join the call by dialing 877-605-1792 or 201-689-8728. A replay will be available until May 27, 2021. The results will also be accessible via a live webcast on the company's Investor Relations website, which will be archived for 30 days.
ARKO Corp. (Nasdaq: ARKO) announced a strategic agreement with Oak Street Real Estate Capital to enhance GPM Investments' acquisition strategy in the convenience store sector. Oak Street will commit up to $1 billion to purchase and lease real estate associated with GPM's acquisitions of convenience store brands and fueling stations. As the 7th largest convenience store chain in the U.S., GPM has executed 18 acquisitions since 2011, now operating nearly 3,000 sites.
This partnership aims to increase GPM's flexibility and acquisition capacity.
ARKO Corp. (Nasdaq: ARKO) reported financial results for Q4 and full year 2020, highlighting a 66% improvement in net earnings for the quarter, with a loss of $6.7 million, and a 164% increase in net income for the year at $30.1 million. Operating cash flow soared 774% to $47.3 million in Q4 and 302% to $173.8 million for the year. Retail fuel margin improved 48% to 29.3 cents per gallon. The Empire Acquisition expanded the company's footprint significantly, adding 1,453 wholesale sites and enhancing profitability.
ARKO Corp. (Nasdaq: ARKO) will report its fourth quarter and full year results on March 25, 2021, before market opening. The company invites investors to a conference call at 10:00 a.m. ET to discuss the financial results. The call can be accessed by dialing 877-605-1792 or 201-689-8728, with a replay available until April 8. The results will also be webcast live on the company's Investor Relations website for 30 days. ARKO owns GPM Investments, the 7th largest convenience store chain in the U.S., with about 2,950 locations across 33 states and Washington D.C.
ARKO Corp. (Nasdaq: ARKO) announced its acquisition of 61 convenience stores with gas stations operating under the ExpressStop banner in Michigan and Ohio. This marks ARKO's first acquisition since its NASDAQ listing in December 2020. The deal enhances GPM Investments, a wholly-owned subsidiary, expanding its existing network to 1,350 company-operated locations. The transaction is subject to customary closing conditions and is expected to close in the first half of 2021.
ARKO Corp. (Nasdaq: ARKO) is set to present at the Raymond James Institutional Investors Conference on March 2, 2021, at 12:30 PM ET. The presentation will be available for live streaming and can be accessed via the company's website, with a replay available for 30 days. ARKO owns GPM Investments, LLC, which has grown to become the 7th largest convenience store chain in the U.S., operating approximately 2,950 locations across 33 states and Washington D.C.
ARKO Corp. (Nasdaq: ARKO) has signed a strategic memorandum of understanding (MOU) with Chakratec, an Israeli electric vehicle (EV) charging technology developer. This partnership aims to distribute kinetic storage systems that enable ultra-fast EV charging, potentially alleviating 'Range Anxiety' by allowing charging in under 15 minutes. The MOU includes plans for a pilot program in the U.S. next year and an ambitious goal for extensive deployment of fast charging stations across North America by 2030. ARKO's CEO emphasizes the need for improved charging infrastructure to facilitate mass EV adoption in the U.S.
ARKO Corp. (Nasdaq: ARKO) has announced its participation in the 2021 ICR Conference scheduled for January 11, 2021, at 3:30 PM Eastern Time. The presentation will be available via live webcast, and a replay will be accessible for 30 days. ARKO, owner of GPM Investments, is the 7th largest convenience store chain in the U.S. with around 2,950 locations across 33 states and Washington D.C., comprising 1,350 company-operated and 1,600 dealer sites. The company operates in three segments: retail, wholesale, and GPM Petroleum.
ARKO Corp. to trade on Nasdaq under ‘ARKO’
On December 22, 2020, Haymaker Acquisition Corp. II successfully completed its business combination with ARKO Holdings, resulting in the formation of ARKO Corp. Shares are set to commence trading on the Nasdaq on December 23, 2020. Funding for the merger involved $295 million, which included cash from Haymaker’s trust account and a $100 million private placement from MSD Partners. ARKO, primarily operating through GPM Investments, is positioned in a fragmented convenience store market, focusing on growth through acquisitions and remodel programs.