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Stock impact report

ARKO Corp. Reports Third Quarter 2024 Results

ARKO Corp. (ARKO) 
Company Research Source: GlobeNewswire
RICHMOND, Va., Nov. 07, 2024 (GLOBE NEWSWIRE) -- 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 third quarter ended September 30, 2024. Third Quarter 2024 Key Highlights (vs. Year-Ago Quarter)1,2 Net income for the quarter was $9.7 million compared to $21.5 million.Adjusted EBITDA for the quarter was $78.8 million, as compared to $87.3 million for the prior year period; performance for the quarter was at the midpoint of the Company’s previously issued guidance of $70 million to $86 million.Retail fuel margin for the quarter was 41.3 cents per gallon, as compared to 40.3 cents for the prior year period.Merchandise margin rate for the quarter was 32.8%, as compared to 31.7% for the prior year period.Merchandise contribution for the quarter was $154.0 million, as compared to $160.7 million for the prior year period.Retail f Show less Read more
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