ARKO Corp. (ARKO) reported break-even quarterly earnings per share versus the Zacks Consensus Estimate of $0.04. This compares to earnings of $0.09 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of -100%. A quarter ago, it was expected that this company would post earnings of $0.17 per share when it actually produced earnings of $0.17, delivering no surprise.Over the last four quarters, the company has not been able to surpass c ...

Exhibit 99.1 ARKO Corp. Reports Fourth Quarter and Full Year 2023 Results ARKO Corp. (Nasdaq: ARKO) ("ARKO" or the "Company"), a Fortune 500 company and one of the largest convenience store operators in the United States, today announced financial results for the quarter and full year ended December 31, 2023. Fourth Quarter and Full Year 2023 Key Highlights 1,2 • Net income for the quarter was $1.1 million, compared to $12.9 million for the prior year quarter. For the year, net income was $34.6 million, com ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, DC 20549 FORM 10-K (Mark One) ☒ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended December 31, 2023 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to . Commission file number 001-39828 ARKO Corp. (Exact Name of Registrant as Specified in Its Charter) ______________________________________________ Delaware 85-27 ...

RICHMOND, Va.--(BUSINESS WIRE)--Performance Food Group Company (PFG) (NYSE: PFGC) and GPM Investments, LLC (GPM), a subsidiary of ARKO Corp. (Nasdaq: ARKO), a Fortune 500 company and one of the largest convenience store operators in the United States, have partnered to launch a premium 12” pizza offering for the low price of $4.99 for enrolled fas REWARDS® members that is now available at more than 1,000 GPM locations. Leveraging the expertise and quality of PFG company products, the pizza is now availab ...

RICHMOND, Va., Feb. 13, 2024 (GLOBE NEWSWIRE) -- ARKO Corp. (NASDAQ:ARKO) (the "Company") today announced that the Company will report results for the fourth quarter and full year ended December 31, 2023 on Tuesday, February 27, 2024 after the markets close in the United States. The Company will host a conference call to discuss these results at 10:00 a.m. Eastern Time on February 28, 2024. Investors and analysts interested in participating in the live call can dial 877-605-1792 or 201-689-8728. A simultane ...

RICHMOND, Va., Jan. 31, 2024 (GLOBE NEWSWIRE) -- ARKO Corp. (NASDAQ:ARKO), a Fortune 500 company and one of the largest convenience store operators in the United States ("ARKO" or the "Company"), announced today that the Company has launched its delicious, inflation-busting $4.99 whole pizza in stores across the Company's Family of Community Brands. "Having a value pizza offering is table stakes for convenience store operators, and we have raised the ante with the exceptional quality resulting from a thorou ...

Financial Data and Key Metrics Changes - Adjusted EBITDA for Q3 2023 was $91.2 million, down from $99.5 million in Q3 2022, primarily due to lower fuel contribution at same stores [7][28] - Net income for the quarter was $21.5 million, compared to $25 million in the prior year quarter [28] - Cash and cash equivalents as of September 30, 2023, were approximately $204 million, with outstanding debt of approximately $828 million [23][24] Business Line Data and Key Metrics Changes - Merchandise revenue increased to $506.4 million in Q3 2023 from $445.8 million in the prior year quarter [24] - Same store merchandise sales, excluding cigarettes, grew approximately 1% compared to Q3 2022, with total same store merchandise sales increasing by 0.1% [7][8] - Merchandise contribution increased by $21.8 million or 15.7% over the prior year period, primarily due to recent acquisitions and stable organic performance [9][24] Market Data and Key Metrics Changes - Fuel gallon demand decreased nationally by 5.3% in same store sales, while total retail gallons increased by 14.8% due to recent acquisitions [18] - Retail fuel contribution increased to $121.3 million, a 3.2% increase compared to the prior year [24] - The company maintained a retail fuel margin of $0.403 per gallon, only $0.045 lower than the prior year quarter [19][24] Company Strategy and Development Direction - The company is focused on executing organic and inorganic strategies to enhance sales and profitability, including improving current store performance and expanding through acquisitions [30] - Investments in the fas REWARDS loyalty program are expected to drive customer engagement and increase sales, with a target of 3 million enrolled members by the end of 2024 [12][49] - The company continues to integrate recent acquisitions, enhancing its footprint and earning base [20][21] Management Comments on Operating Environment and Future Outlook - Management noted that the current macroeconomic environment has led to lower fuel demand, impacting same store gallon sales [18][44] - The company remains optimistic about its ability to maintain strong margins despite industry challenges, citing structural advantages over smaller operators [19][70] - Management emphasized the importance of providing value to customers to drive traffic and sales, particularly in the context of inflationary pressures [61][72] Other Important Information - The company repurchased approximately 1.5 million shares for about $11.6 million at an average price of $7.53, with a remaining $37.5 million under its stock repurchase program [29] - A quarterly dividend of $0.03 per share was declared, to be paid on December 1, 2023 [29] Q&A Session Summary Question: Are newly acquired stores performing better in terms of gallons per store compared to legacy stores? - Management indicated that performance varies by location and market, with no significant divergence between newly acquired and legacy stores [33][36] Question: How is the decrease in fuel demand affecting store traffic and merchandise sales? - Management believes that offering more inside the stores is driving traffic, and that the relationship between fuel sales and store traffic has changed post-COVID [38] Question: What is the expected impact of the $12 million delay from the credit card processor? - Management confirmed that the delay was a timing issue and the amount was received in early October [40] Question: Can you discuss the impact of the fas REWARDS program on sales? - Management noted that the program has significantly increased loyalty membership and sales, with a long-term investment strategy in place [48][49] Question: What are the trends in core destination categories? - Management reported strong growth in categories such as candy, beer, and salty snacks, driven by loyalty program engagement [60][64] Question: What is the outlook for fuel margins and inflationary pressures on merchandising? - Management expressed confidence in maintaining strong fuel margins and emphasized the importance of providing value to customers amidst inflation [70][72]

2 0 2 3 T h i r d Q u a r t e r E a r n i n g s N O V E M B E R 6 , 2 0 2 3 A Leading Retail Convenience Store Operator A Fortune 500® Company Safe Harbor Statement F ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM 10-Q (Mark One) ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended September 30, 2023. OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to . Commission File Number 001-39828 ARKO Corp. (Exact Name of Registrant as Specified in Its Charter) Delaware 85-2784337 (State or Other Jurisdiction ...

Financial Data and Key Metrics Changes - Adjusted EBITDA for Q2 2023 was $86.2 million, up 9.1% from $79 million in Q2 2022 [7][30] - Merchandise revenue increased to $484.6 million from $431.8 million in the prior year quarter [27] - Net income for Q2 2023 was $14.5 million, down from $31.8 million in the prior year period, primarily due to increased depreciation and amortization expenses [30] Business Line Data and Key Metrics Changes - Merchandise gross profit dollars grew to $135.6 million, a 5% increase on a same-store basis compared to Q2 2022 [8] - Same-store merchandise sales excluding cigarettes grew 3.8%, while same-store sales increased by 0.7% compared to Q2 2022 [9] - Retail fuel contribution increased to $156 million from $130.8 million in the prior year quarter, despite a 5.1% decline in same-store retail fuel gross profit [19][27] Market Data and Key Metrics Changes - Total fuel contribution increased by $25.2 million year-over-year, but same-store retail fuel gross profit was down due to a 2.6% decline in gallons sold [19][20] - The average retail cent per gallon on a same-store basis was $0.403, down from $0.414 in the prior year period [20][27] Company Strategy and Development Direction - The company focuses on improving retail store performance through customer service, marketing, and merchandising strategies, alongside executing accretive M&A transactions [7] - The three strategic pillars include growing sales in core destination categories, enhancing the fas REWARDS loyalty program, and expanding food and beverage services [12][14][16] - The company aims to decrease exposure to cigarettes, with core destination categories increasing from 38.4% to 44.6% of total merchandise sales since Q2 2020 [11] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in the company's strategy and performance, anticipating continued strong results in 2023 [31] - The company acknowledged challenges such as wage inflation, with average hourly wages increasing by approximately 10% [28][45] - Management does not expect retail fuel margins to be as high as the previous year due to exceptional conditions in Q3 2022 [38][20] Other Important Information - The company has access to over $2 billion in available funding for continued M&A activity [23][51] - A quarterly dividend of $0.03 per share was declared, to be paid on September 1, 2023 [31] Q&A Session Summary Question: How much of the same-store sales increase was due to pricing versus traffic? - Management indicated that sales increases were a mix of inflation and unit declines, with some categories showing growth [32][33] Question: What is the opportunity to add branded food franchise offerings? - Management noted ongoing transformation of delis and a robust pipeline for new food offerings, with significant sales increases in food categories [34][36] Question: Any considerations for the strong performance in Q3 last year? - Management highlighted that Q3 2022 had exceptional fuel margins, which are not expected to repeat [38] Question: Changes to previously disclosed EBITDA run rate targets and synergy capture? - Management confirmed that while some synergies have been realized, there is still more to achieve from recent acquisitions [40][42] Question: How does the average hourly wage compare to peers? - Management stated that they are competitive in wages, with a focus on quality of life for employees [44][45] Question: What is a healthy same-store operating expense growth rate for the industry? - Management indicated that they are targeting lower growth rates in operating expenses moving forward [46][48] Question: Current status of M&A activity and integration? - Management confirmed that they will continue to pursue M&A opportunities and have the capacity to integrate new acquisitions [50][51] Question: Insights on merchandise margin expansion contributors? - Management attributed margin expansion to the right assortment and increased sales in core categories [59][60] Question: Current deal flow and valuations in the M&A market? - Management noted a robust pipeline for acquisitions and does not see a slowdown in the marketplace [62][63]