ARKO (ARKO)

Search documents
ARKO (ARKO) - 2023 Q2 - Quarterly Report
2023-08-06 16:00
c 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 June 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 of ...
ARKO (ARKO) - 2023 Q1 - Earnings Call Transcript
2023-05-13 11:51
Arko Corp. (NASDAQ:ARKO) Q1 2023 Earnings Conference Call May 12, 2023 10:00 AM ET Company Participants Ross Parman - VP, IR and Government Affairs Arie Kotler - Chairman, President and CEO Donald Bassell - CFO Conference Call Participants Anthony Bonadio - Wells Fargo Kelly Bania - BMO Capital Markets Bobby Griffin - Raymond James Mark Astrachan - Stifel William Reuter - Bank of America Hale Holden - Barclays Kelly Bania - BMO Capital Markets Operator Greetings and welcome to Arko Corp First Quarter 2023 F ...
ARKO (ARKO) - 2023 Q1 - Quarterly Report
2023-05-07 16:00
c UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, DC 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 March 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 85-2784337 (State or Other Jurisdiction of I ...
ARKO (ARKO) - 2022 Q4 - Earnings Call Transcript
2023-02-28 21:51
Arko Corp. (NASDAQ:ARKO) Q4 2022 Earnings Conference Call February 28, 2023 10:00 AM ET Company Participants Ross Parman - VP, IR and Government Affairs Arie Kotler - Chairman, President & CEO Donald Bassell - CFO Conference Call Participants Alok Patel - Stifel Karru Martinson - Jefferies William Reuter - Bank of America Anthony Bonadio - Wells Fargo Securities Operator Greetings, and welcome to the Arko Corp. Fourth Quarter and Fiscal Year 2022 Earnings Conference Call. At this time all participants are i ...
ARKO (ARKO) - 2022 Q4 - Annual Report
2023-02-27 16:00
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, 2022 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 ...
ARKO (ARKO) - 2022 Q3 - Earnings Call Transcript
2022-11-13 12:47
Arko Corp. (NASDAQ:ARKO) Q3 2022 Earnings Conference Call November 8, 2022 10:00 AM ET Company Participants Ross Parman - VP, IR and Government Affairs Arie Kotler - Chairman, President & CEO Donald Bassell - CFO Conference Call Participants Bobby Griffin - Raymond James Anthony Bonadio - Wells Fargo Securities Mark Astrachan - Stifel Nicolaus & Company Operator Greetings, and welcome to the Arko Third Quarter 2022 Financial Results Call. At this time all participants are in listen only mode. A question an ...
ARKO (ARKO) - 2022 Q2 - Earnings Call Transcript
2022-08-13 17:18
Arko Corp. (NASDAQ:ARKO) Q2 2022 Earnings Conference Call August 9, 2022 10:00 AM ET Company Participants Ross Parman - Vice President Investor Relations Arie Kotler - Chairman, President & Chief Executive Officer Donald Bassell - Chief Financial Officer Conference Call Participants Ben Wood - BMO Capital Markets Bobby Griffin - Raymond James Anthony Bonadio - Wells Fargo Securities Mark Astrachan - Stifel Karru Martinson - Jefferies Hale Holden - Barclays Operator Greetings, and welcome to the Arko Corp. S ...
ARKO (ARKO) - 2022 Q1 - Earnings Call Transcript
2022-05-08 23:38
Financial Data and Key Metrics Changes - Adjusted EBITDA for Q1 2022 was $50.1 million, an increase of 18.4% compared to the prior year period [8][22] - Total revenue, including fuel, was $389.3 million, a 2% increase from the prior year [19] - Net income improved to $2.3 million from a loss of $14.7 million in Q1 2021 [22] - Merchandise gross margin increased to 29.5%, up 210 basis points from the prior year [10][19] - Retail fuel margin increased to $37.50 per gallon from $32.10 in the prior year [19] Business Line Data and Key Metrics Changes - Same-store merchandise sales, excluding cigarettes, increased by 9.3% on a two-year basis [9] - Retail fuel gallons sold grew by 5.9% compared to the prior year [10] - Same-store fuel gross profit increased by $9.7 million, excluding intercompany charges [10] - Merchandise margin dollars increased by $9.7 million versus the prior year [19] Market Data and Key Metrics Changes - Same-store fuel volume decreased by 3.1% [19] - Customer count at a remodeled store increased by 50%, with gallons sold increasing by 112.7% [12] - Same-store sales, excluding cigarettes, increased by 94% at a specific remodeled store [12] Company Strategy and Development Direction - The company is expanding its offering of lower-priced items, such as pizza and fresh coffee, to cater to price-sensitive consumers [9][50] - Plans to open a total of 50 Savara franchises in 2022, with two opened in Q1 [11] - The company is committed to organic growth initiatives, including remodels and new store openings [10][14] - The acquisition of Quarles Petroleum is expected to close in Q2 or early Q3 2022, expanding operational segments [14][16] Management's Comments on Operating Environment and Future Outlook - Management noted that the current economic environment is characterized by increased price sensitivity due to inflation and rising fuel prices [9][50] - The company believes it is well-positioned for long-term success despite market challenges [24] - Management expressed confidence in the effectiveness of their loyalty program, which has nearly 600,000 opt-in members [13] Other Important Information - The company declared a quarterly dividend of $0.02 per share, payable on June 15, 2022 [23] - The company repurchased approximately $12 million worth of shares under its repurchase program [23] - Total liquidity as of March 31, 2022, was approximately $744 million [18] Q&A Session Summary Question: Can you provide more detail on the remodel referenced? - The remodel involved a full raise and rebuild of store 3894, increasing its size from 3,500 to approximately 5,600 square feet, and took less than a year to complete [27] Question: When will the pace of remodels increase? - The company plans to complete a total of nine remodels and is focusing on learning from recent results to increase the pace [30] Question: How have rising gas prices affected customer behavior? - Management observed that customers are making more frequent trips to fill gas due to higher prices, but this has not significantly impacted in-store sales [35] Question: How are same-store wages and credit card fees tracking? - Same-store credit card fees increased by about $3 million compared to Q1 2021, while personnel expenses were slightly below expectations [38][39] Question: What is the company's strategy regarding pricing in a price-sensitive environment? - The company is focusing on offering lower-priced items and adjusting its product mix to meet consumer needs during economic downturns [50][51]