Arko Stock Price, News & Analysis

ARKO Corp. (Nasdaq: ARKO) has initiated a private offering of $450 million in Senior Unsecured Notes due 2029. The funds will primarily be used to repay the outstanding balance under its credit facility with Ares Capital Corporation and other senior secured debts. The notes will not be registered under the Securities Act and are offered only to qualified institutional buyers. ARKO operates the GPM convenience store chain, which has expanded to about 3,000 locations across 33 states.

GPM Investments, a subsidiary of ARKO Corp., has announced its inaugural Open Buying Day in collaboration with RangeMe, inviting emerging suppliers to showcase products for approximately 1,400 company-operated stores. Suppliers can apply until September 5, 2021, and those selected will present virtually on October 26-27, 2021. This initiative aims to enhance product offerings and sales potential while building supplier relationships to capture innovative products.

ARKO Corp. (Nasdaq: ARKO) announced its Q2 2021 financial results, reporting a net income of $25.6 million and adjusted EBITDA of $75.7 million, a 10.5% increase year-over-year. Operating income decreased to $45.8 million from $47.7 million in Q2 2020. Same-store merchandise sales rose by 2.4%, with a 4.3% increase excluding cigarettes. The fuel margin decreased by 19% to 34.3 cents per gallon. The company successfully completed its 19th acquisition, adding 60 convenience stores from ExpressStop, and expanded wholesale agreements significantly.

ARKO Corp. has completed the remodel of its second convenience store in Mechanicsville, VA as part of its plan to upgrade 360 stores by 2025, investing approximately $360 million. This store features enhanced customer experiences with new designs and products, including a deli, expanded beverage options, and improved loyalty programs. A grand opening celebration will run from July 30 to August 13, offering promotions and a sweepstakes. ARKO aims to unify store designs while maintaining local brand recognition.

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.