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ARKO Corp. reports developments across a U.S. convenience-store and fuel-distribution business that includes retail stores, wholesale fuel supply, fleet fueling and the GPM Petroleum segment. Company updates commonly cover quarterly results, merchandise and fuel margins, same-store merchandise sales, fuel gallons, dealerization efforts, merchandising, cost discipline and balance-sheet activity.
Recurring product and customer news centers on the fas REWARDS® loyalty platform, fuel cents-off promotions and the Fueling America’s Future campaign. ARKO also reports on its relationship with ARKO Petroleum Corp., a public fuel-distribution subsidiary that supplies third-party dealers, fleet customers and ARKO-operated convenience stores.
ARKO Corp. (Nasdaq: ARKO) will announce its second-quarter results for the period ending June 30, 2021, on August 12, 2021, prior to U.S. market opening. A conference call for investors is scheduled at 10:00 a.m. ET on the same day. Participants can join via telephone or through a live webcast, which will also be archived for 30 days. ARKO operates GPM Investments, the 6th largest convenience store chain in the U.S., with approximately 3,000 locations across 33 states and D.C. The company comprises three segments: retail, wholesale, and GPM Petroleum.
ARKO Corp. (Nasdaq: ARKO) announced its inclusion in the Russell 2000 Index, effective June 28, 2021, reflecting its growth in the U.S. convenience store market. This recognition comes following the annual reconstitution of the Russell indexes, which ranks the largest U.S. stocks by market capitalization. ARKO's CEO, Arie Kotler, emphasized this milestone as a testament to the company’s aggressive growth strategy through regional brand acquisitions, aiming to provide long-term value to stakeholders. The Russell indexes are widely utilized for investment benchmarks, encompassing $10.6 trillion in assets.
ARKO Corp. (Nasdaq: ARKO) announced its participation in the Stifel 2021 Virtual Cross Sector Insight Conference on June 9, 2021, at 2:00 pm Eastern Time. The event will be webcast live, with a 90-day replay available. ARKO owns GPM Investments, LLC, which operates the 6th largest convenience store chain in the U.S., with around 3,000 locations across 33 states and D.C. Their business segments include retail, wholesale, and GPM Petroleum, with a strong emphasis on customer loyalty through the fas REWARDS® program.
ARKO Corp. and Core-Mark have entered a 32-month supply agreement, expanding service locations from 865 to 1,055. This move is part of GPM's growth strategy and consolidation of wholesalers. Core-Mark will remain GPM's largest supplier, distributing across 29 categories to approximately 1,400 stores. The agreement underscores a commitment to operational efficiency, with Core-Mark facilitating service transitions from previous wholesalers and offering continued support for imports and specialty products. This partnership is expected to enhance synergies and bolster growth.
ARKO Corp. has completed its acquisition of the ExpressStop chain, acquiring 60 convenience stores with gas in Michigan and Ohio. This move enhances GPM Investments' consolidation strategy, expanding its footprint in these states. The acquisition marks the company's 19th since 2013, highlighting its aggressive growth through acquiring regional brands. With this addition, GPM now operates around 3,000 locations, including 1,400 company-operated stores. The transition aims to offer ExpressStop customers enhanced services through the company's loyalty program and promotional activities.
ARKO Corp. (Nasdaq: ARKO) reported strong Q1 2021 results, showing a remarkable 265% increase in operating income to $13.2 million, compared to an operating loss of $8.0 million in Q1 2020. Despite a net loss of $14.7 million (up from $12.9 million), adjusted EBITDA soared by 150% to $42.3 million. Same-store merchandise sales grew 6.0%, and fuel margins improved 22% to 32.1 cents per gallon. Total liquidity stood at $457 million, with capital expenditures reaching $17.5 million.
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.