ARKO Corp. Reports Fourth Quarter and Full Year 2023 Results [Yahoo! Finance]
ARKO Corp. (ARKO)
Company Research
Source: Yahoo! Finance
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 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, compared to $72.0 million for the prior year. Adjusted EBITDA for the quarter was $65.5 million, compared to $72.4 million for the prior year quarter, primarily due to reduced fuel contribution at same stores, with retail cents per gallon (“CPG”) of 39.2 in the fourth quarter of 2023 compared to retail CPG of 41.4 in the fourth quarter of 2022. For the year, adjusted EBITDA was $290.4 million, compared to $301.1 million for the prior year, primarily due to reduced fuel contribution at same stores, with retail CPG of 38.8 in 2023 compared to retail CPG of 41.4 in 2022. Merchandise revenue for the fourth quarter of 2023 was $446.7 million, an increase of
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ARKO
News
- ARKO to Report First Quarter 2024 Financial Results on May 7, 2024 [Yahoo! Finance]Yahoo! Finance
- ARKO to Report First Quarter 2024 Financial Results on May 7, 2024GlobeNewswire
- Arko Corp. (NASDAQ: ARKO) had its price target lowered by analysts at Wells Fargo & Company from $7.00 to $5.00. They now have an "equal weight" rating on the stock.MarketBeat
- ARKO Corp. Subsidiary to Open New Handy Mart Store in Newport, North Carolina [Yahoo! Finance]Yahoo! Finance
- ARKO Corp. Subsidiary to Open New Handy Mart Store in Newport, North CarolinaGlobeNewswire
ARKO
Earnings
- 2/27/24 - Miss
ARKO
Sec Filings
- 4/22/24 - Form DEFA14A
- 4/22/24 - Form ARS/A
- 4/19/24 - Form ARS
- ARKO's page on the SEC website