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. 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.
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ARKO Corp. (Nasdaq: ARKO) will report its first-quarter results for the period ending March 31, 2023, on May 8, 2023, after market close. A conference call to discuss these results is scheduled for May 9, 2023, at 10:00 a.m. Eastern Time. Investors can participate via phone or through a live webcast on the company’s website. ARKO Corp. is recognized as one of the largest operators of convenience stores and fuel wholesalers in the U.S. and owns 100% of GPM Investments, LLC. The company operates across four segments: retail, wholesale, GPM Petroleum, and fleet fueling, providing a diverse range of products and services including prepared foods, snacks, and fuel delivery. The fas REWARDS loyalty program offers customers additional savings on purchases.
TIG Advisors, LLC, a significant shareholder of TravelCenters of America Inc. (TA), owning approximately 4.9%, has urged the TA Board to allow ARKO Corp. access to its data room for a potential acquisition proposal. This request follows ARKO's recent offer and TA's ongoing merger discussions with BP PLC. TIG contends that the board is neglecting its fiduciary duty to prioritize shareholder interests in favor of Service Properties Trust and The RMR Group. TIG emphasizes the need for the board to conduct due diligence on ARKO’s proposal, asserting that this could create greater value for shareholders. They stress that delaying this process would be detrimental to TA and its investors, and support moving forward with the BP transaction only if ARKO's proposal is found inadequate after due diligence.