ARKO Corp. (ARKO) closed the most recent trading day at $6.41, moving +0.79% from the previous trading session. The stock outpaced the S&P 500's daily gain of 0.13%. Elsewhere, the Dow saw an upswing of 0.55%, while the tech-heavy Nasdaq depreciated by 0.52%.Shares of the company have depreciated by 2.6% over the course of the past month, underperforming the Consumer Staples sector's gain of 4.49% and the S&P 500's gain of 3.67%.The upcoming earnings release of ARKO Corp. will be of great interest to invest ...

ARKO Corp. (ARKO) has recently been on Zacks.com's list of the most searched stocks. Therefore, you might want to consider some of the key factors that could influence the stock's performance in the near future.Shares of this company have returned -4% over the past month versus the Zacks S&P 500 composite's +6.2% change. The Zacks Consumer Products - Staples industry, to which ARKO belongs, has gained 9.4% over this period. Now the key question is: Where could the stock be headed in the near term?While medi ...

Investors often turn to recommendations made by Wall Street analysts before making a Buy, Sell, or Hold decision about a stock. While media reports about rating changes by these brokerage-firm employed (or sell-side) analysts often affect a stock's price, do they really matter?Before we discuss the reliability of brokerage recommendations and how to use them to your advantage, let's see what these Wall Street heavyweights think about ARKO Corp. (ARKO) .ARKO currently has an average brokerage recommendation ...

When deciding whether to buy, sell, or hold a stock, investors often rely on analyst recommendations. Media reports about rating changes by these brokerage-firm-employed (or sell-side) analysts often influence a stock's price, but are they really important?Before we discuss the reliability of brokerage recommendations and how to use them to your advantage, let's see what these Wall Street heavyweights think about ARKO Corp. (ARKO) .ARKO currently has an average brokerage recommendation (ABR) of 2.00, on a s ...

Financial Data and Key Metrics Changes - Adjusted EBITDA for Q2 2024 was $83.8 million, down from $86.2 million in the same period last year, reflecting ongoing challenges in the consumer environment [20][24] - Retail segment operating income decreased to approximately $73.8 million from $77.9 million year-over-year, while adjusted operating income fell to $87.9 million from $92.6 million [21][24] - Total retail merchandise sales declined by just over 2%, with merchandise contribution up 0.7%, indicating a margin rate expansion of 90 basis points [21][22] Business Line Data and Key Metrics Changes - Same-store merchandise sales, excluding cigarettes, decreased by 4%, while total same-store merchandise sales were down just over 5% [22] - Retail fuel gallons were down 3.4% year-over-year, but fuel contribution increased modestly due to recent acquisitions and higher cents per gallon [21][24] - The wholesale segment saw operating income rise to $9.1 million from $6.8 million in the prior year, with adjusted operating income increasing to $21.3 million from $19.7 million [23] Market Data and Key Metrics Changes - The company noted pressure on consumers due to inflation, leading to suppressed spending and lower retail volumes [9][10] - Same-store fuel gallon demand was down 6.6% for the quarter, while fuel margin per gallon increased to $41.1, up $1.5 from the previous year [22][24] Company Strategy and Development Direction - The company is focusing on a multi-year transformation plan that includes significant capital allocation towards retail stores and converting certain retail locations to dealer sites within the wholesale segment [14][16] - A new store design pilot is being implemented to enhance customer value and improve store operations, with a rollout expected after validating results [15] - The company is committed to enhancing its food service offerings and has seen positive results from new initiatives like the value-oriented pizza program and Nathan's Famous Hot Dogs [10][11] Management Comments on Operating Environment and Future Outlook - Management acknowledged the challenging microeconomic environment but expressed confidence in long-term opportunities for the company [9][10] - The company is broadening its assumptions for future fuel margins due to recent volatility, with July margins reported between $0.42 and $0.43 [27] - Management emphasized the importance of maintaining flexibility in the balance sheet to support ongoing growth initiatives and M&A activities [25] Other Important Information - The company ended Q2 2024 with $890 million in long-term debt and maintained substantial liquidity of approximately $806 million [24][25] - Adjusted EBITDA guidance for Q3 2024 is expected to range from $70 million to $86 million, with full-year 2024 adjusted EBITDA expected between $235 million and $275 million [26] Q&A Session Summary Question: Current status of procurement across business segments - Management confirmed that procurement is centralized across all segments, allowing for better leverage and opportunities [31][34] Question: Opportunities for growth in fleet and wholesale businesses - Management indicated ongoing opportunities to add sites organically and through acquisitions, with recent expansions noted [37][40] Question: Performance gap analysis of lower quartile stores - Management acknowledged the existence of lower-performing stores targeted for conversion to dealer locations, which could enhance profitability [41][44] Question: Clarification on 2024 outlook assumptions - Management confirmed that while higher fuel margins are expected, there is pressure on merchandise sales, leading to adjustments in the outlook [49][50]

ARKO Corp. (ARKO) came out with quarterly earnings of $0.11 per share, missing the Zacks Consensus Estimate of $0.18 per share. This compares to earnings of $0.11 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of -38.89%. A quarter ago, it was expected that this company would post a loss of $0.17 per share when it actually produced a loss of $0.02, delivering a surprise of 88.24%.Over the last four quarters, the company has surp ...

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, 2024. 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 In ...

Exhibit 99.1 ARKO Corp. Reports Second Quarter 2024 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 second quarter ended June 30, 2024. Second Quarter 2024 Key Highlights (vs. Year-Ago Quarter) 1,2 • Net income for the quarter was $14.1 million compared to $14.5 million, with recent acquisitions and higher fuel margin partially offsetting continued declines in ...

The most recent trading session ended with ARKO Corp. (ARKO) standing at $6.48, reflecting a +0.93% shift from the previouse trading day's closing. This move outpaced the S&P 500's daily loss of 0.5%. At the same time, the Dow added 0.5%, and the tech-heavy Nasdaq lost 1.28%.The the stock of company has risen by 11.27% in the past month, leading the Consumer Staples sector's gain of 4.37% and the S&P 500's gain of 0.1%.Market participants will be closely following the financial results of ARKO Corp. in its ...

Investors often turn to recommendations made by Wall Street analysts before making a Buy, Sell, or Hold decision about a stock. While media reports about rating changes by these brokerage-firm employed (or sell-side) analysts often affect a stock's price, do they really matter?Before we discuss the reliability of brokerage recommendations and how to use them to your advantage, let's see what these Wall Street heavyweights think about ARKO Corp. (ARKO) .ARKO currently has an average brokerage recommendation ...