Arko Corp (ARKOW)

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About Arko Corp

Arko Corp. operates convenience stores in the United States. It operates through three segments: Retail, Wholesale, and GPM Petroleum. The Retail segment engages in the sale of fuel and merchandise to retail consumers. The Wholesale segment supplies fuel to third-party dealers and consignment agents. The GPM Petroleum segment supplies fuel to sub-wholesalers and bulk purchasers. The company operates approximately 2,950 locations comprising approximately 1,350 company-operated stores and approximately 1,600 dealer sites. Arko Corp. is based in Richmond, Virginia. Address: 8565 Magellan Parkway, Richmond, VA, United States, 23227-1150

Arko Corp News and around…

Latest news about Arko Corp (ARKOW) common stock and company :

ARKO Corp. Announces Pricing of its Senior Unsecured Notes Offering
14 Oct, 2021 Yahoo! Finance

RICHMOND, Va., Oct. 14, 2021 (GLOBE NEWSWIRE) -- ARKO Corp. (Nasdaq: ARKO) (the “Company”) today announced the pricing of its previously announced private offering of $450.0 million aggregate principal amount of 5.125% Senior Unsecured Notes due 2029 (the “Notes”). The Company intends to use the net proceeds from the offering of the Notes to repay in full the outstanding balance under its credit facility with Ares Capital Corporation, repay certain existing indebtedness under its other senior se

ARKO Corp. Announces Offering of Senior Unsecured Notes
12 Oct, 2021 Yahoo! Finance

RICHMOND, Va., Oct. 12, 2021 (GLOBE NEWSWIRE) -- ARKO Corp. (Nasdaq: ARKO) (the “Company”) today announced that it is commencing a private offering of $450.0 million aggregate principal amount of Senior Unsecured Notes due 2029 (the “Notes”). The Company intends to use the net proceeds from the offering of the Notes to repay in full the outstanding balance under its credit facility with Ares Capital Corporation, repay certain existing indebtedness under its other senior secured credit facilities

ARKO Corp.’s GPM Partners with ECRM & RangeMe on First Open Buying Day
24 Aug, 2021 Yahoo! Finance

GPM is working with RangeMe to identify emerging suppliers, driving sales across its family of community brandsRICHMOND, Va., Aug. 24, 2021 (GLOBE NEWSWIRE) -- GPM Investments, LLC, a wholly owned subsidiary of ARKO Corp. (Nasdaq: ARKO), is announcing its first “Open Buying Day” in partnership with ECRM & RangeMe, the leading online product sourcing platform for retailers and suppliers. The virtual event invites emerging suppliers to showcase and sell products to GPM’s approximately 1,400 compan

ARKO Reports Second Quarter 2021 Financial Results
12 Aug, 2021 Yahoo! Finance

Net Income of $25.6 million Adjusted EBITDA Increases 10.5% to $75.7 million Same Store Merchandise Sales Increase 2.4% and 7.4% on a Two-Year Stack Basis* Same Store Merchandise Sales Excluding Cigarettes Increase of 4.3% and 10.2% on a Two-Year Stack Basis* RICHMOND, Va., Aug. 12, 2021 (GLOBE NEWSWIRE) -- ARKO Corp. (Nasdaq: ARKO) (“ARKO” or the “Company”), a growing leader in the U.S. convenience store industry, today announced financial results for the second quarter ended June 30, 2021. Sec

ARKO Corp. Completes Second Store in Remodel Initiative
28 Jul, 2021 Yahoo! Finance

Latest remodel in Mechanicsville, VA is second of anticipated ten store remodels in 2021 Store 31 Interior Center Aisles Store 31 Drinks fas Drinks Store 31 Beer Cave fas Brews Store 31 Exterior Exterior Image RICHMOND, Va., July 28, 2021 (GLOBE NEWSWIRE) -- ARKO Corp. (Nasdaq: ARKO) (“ARKO” or the “Company”), who has grown through acquisitions to become the 6th largest convenience store chain in the U.S., is announcing the completion of its latest remodeled store, the second this year, as part

ARKO to Report Second Quarter 2021 Financial Results on August 12, 2021
22 Jul, 2021 Yahoo! Finance

RICHMOND, Va., July 22, 2021 (GLOBE NEWSWIRE) -- ARKO Corp. (Nasdaq: ARKO) (the “Company”) today announced that the Company will report results for the second quarter ended June 30, 2021 on Thursday, August 12, 2021 before the markets open in the United States. The Company will host a conference call to discuss these results at 10:00 a.m. Eastern Time on August 12, 2021. Investors interested in participating in the live call can dial 877-605-1792 or 201-689-8728. A telephone replay will be avail

ARKO Corp. Set to Join Russell 2000 Index
16 Jun, 2021 Yahoo! Finance

Ranking highlights ARKO’s growth and momentum in the convenience store industryRICHMOND, Va., June 16, 2021 (GLOBE NEWSWIRE) -- ARKO Corp. (Nasdaq: ARKO) (“ARKO” or the “Company”), a growing leader in the U.S. convenience store industry, is set to join the broad-market Russell 2000 Index at the conclusion of the 2021 Russell indexes annual reconstitution, effective after the US market opens on June 28, according to a preliminary list of additions posted June 4. Annual Russell indexes reconstitut

ARKO Announces Participation in the Stifel 2021 Virtual Cross Sector Insight Conference
02 Jun, 2021 Yahoo! Finance

RICHMOND, Va., June 02, 2021 (GLOBE NEWSWIRE) -- ARKO Corp. (Nasdaq: ARKO) (“ARKO” or the “Company”), a growing leader in the U.S. convenience store industry, today announced that the Company is scheduled to present at the Stifel 2021 Virtual Cross Sector Insight Conference on Wednesday, June 9, 2021, at 2:00 pm Eastern Time. The presentation will be webcast live over the internet and can be accessed at https://www.arkocorp.com/. A replay will be available for 90 days. About ARKO ARKO Corp. (Nas

ARKO Corp., the 6th Largest Convenience Store Operator, Announces Extended Wholesale Agreement with Core-Mark
26 May, 2021 Yahoo! Finance

Thirty-two month agreement increases total locations served by Core-Mark from 865 to 1,055RICHMOND, Va. and WESTLAKE, Texas, May 26, 2021 (GLOBE NEWSWIRE) -- GPM Investments, LLC, a wholly owned subsidiary of ARKO Corp. (Nasdaq: ARKO) and Core-Mark Holding Company, Inc. (NASDAQ: CORE), today announced the signing of an extended 32-month master supply agreement with Core-Mark International, Inc. as part of a consolidation of the company’s wholesalers and continued growth strategy. The agreement will increase the number of GPM store locations for which Core-Mark provides service from 865 to 1,055. “We’re excited to continue working with Core-Mark to bring a strong assortment of products and value to even more customers through efficient supply chain operations,” said Mike Bloom, GPM’s Executive Vice President, Marketing and Merchandising. “As a strong partner of ours, Core-Mark shares our vision for profitable and aggressive growth. This agreement allows us to create new synergies through the consolidation of our wholesalers and allows Core-Mark to leverage our size and scale as we continue to build out our family of community brands.” Under the supply agreement, Core-Mark agreed to provide transition services to facilitate the transfer of services from certain of GPM’s previous wholesalers. Core-Mark will also continue offering support services for GPM’s imports and specialty products program. Core-Mark distributes fresh food and broad-line merchandise to convenience stores in the United States. Core-Mark will continue to be GPM’s largest single supplier, distributing products across 29 different categories to its portfolio of approximately 1,400 stores. “Our relationship with GPM spans over a decade and continues to thrive through a mutual commitment to driving growth. GPM’s executive team has built a scalable platform from which to accelerate their store count and per store volumes and we are excited to play a part in that journey,” said Scott E. McPherson, President and Chief Executive Officer. “We place great value in this partnership and will continue to work hard to bring GPM strong service, product and technology innovation and support for their expansion efforts.” To learn more about GPM stores, visit: www.gpminvestments.com. To learn more about ARKO, visit: www.arkocorp.com. About ARKO Corp. ARKO Corp. (“ARKO”) (Nasdaq: ARKO) owns 100% of GPM Investments, LLC (“GPM”). Based in Richmond, VA, GPM was founded in 2003 with 169 stores and has grown through acquisitions to become the 6th largest convenience store chain in the United States, operating or supplying fuel to approximately 3,000 locations in 33 states and the District of Columbia, comprised of approximately 1,400 company-operated stores and approximately 1,625 dealer sites to which we supply fuel. We operate in three reportable segments: retail, which consists of fuel and merchandise sales to retail consumers; wholesale, which supplies fuel to third-party dealers and consignment agents; and GPM Petroleum, which supplies fuel to our sites (both in the retail and wholesale segments). Our stores offer fas REWARDS® high value loyalty program, a large selection of beverages, coffee, fountain drinks, candy, salty snacks, and many other products to meet the needs of the everyday customer. About Core-MarkCore-Mark is one of the largest marketers of fresh, food and broad-line supply solutions to the convenience retail industry in North America. Founded in 1888, Core-Mark offers a full range of products, marketing programs and technology solutions to approximately 40,000 customer locations in the U.S. and Canada through 32 distribution centers (excluding two distribution facilities the Company operates as a third-party logistics provider). Core-Mark services traditional convenience stores, grocers, drug stores, mass merchants, liquor and specialty stores, and other stores that carry convenience products. For more information, please visit www.core-mark.com. Forward-Looking StatementsThis communication includes certain “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995. These forward-looking statements may address, among other things, ARKO and Core-Mark’s respective expected financial and operational results and the related assumptions underlying such expected results. These forward-looking statements are distinguished by use of words such as “anticipate,” “believe,” “continue,” “could,” “estimate,” “expect,” “intends,” “may,” “might,” “plan,” “possible,” “potential,” “predict,” “project,” “should,” “will,” “would” and the negative of these terms, and similar references to future periods. These statements are based on management’s current expectations and are subject to uncertainty and changes in circumstances. Actual results may differ materially from these expectations due to, among other things, changes in economic, business and market conditions; ARKO’s ability to maintain the listing of our common stock and warrants on the Nasdaq Stock Market; changes in ARKO or Core-Mark’s strategy, future operations, financial position, estimated revenues and losses, projected costs, prospects and plans; expansion plans and opportunities; risks related to the proposed acquisition of Core-Mark by Performance Food Company (the “PFG Transaction”), including the risk that the PFG Transaction is not consummated on a timely basis or at all; changes in the markets in which ARKO or Core-Mark competes; changes in applicable laws or regulations, including those relating to environmental matters; market conditions and global and economic factors beyond ARKO or Core-Mark’s control, including the potential adverse effects of the ongoing global coronavirus (COVID-19) pandemic on capital markets, general economic conditions, unemployment and ARKO or Core-Mark’s liquidity, operations and personnel; and the outcome of any known or unknown litigation and regulatory proceedings. Accordingly, there are or will be important factors that could cause actual outcomes or results to differ materially from those indicated in these statements. These factors should not be construed as exhaustive. Detailed information about these factors and additional important factors can be found in the documents that ARKO and Core-Mark files with the Securities and Exchange Commission, such as Form 10-K, Form 10-Q and Form 8-K. Forward-looking statements speak only as of the date the statements were made. Neither ARKO nor Core-Mark assumes any obligation to update forward-looking information, except as required by applicable law. Media Contact For ARKO: Andrew PetroMatter on behalf of ARKO(978) 518-4531apetro@matternow.com For Core-Mark: David Lawrence, Vice President of Treasury and Investor Relations1-800-622-1713 x 7923 david.lawrence@core-mark.com Investor Contact For ARKO:Chris MandevilleICR on behalf of ARKOARKO@icrinc.com For Core-Mark:David Lawrence, Vice President of Treasury and Investor Relations1-800-622-1713 x 7923david.lawrence@core-mark.com

ARKO Corp., the 6th Largest Convenience Store Operator, Announces Close of ExpressStop Acquisition
19 May, 2021 Yahoo! Finance

RICHMOND, Va., May 19, 2021 (GLOBE NEWSWIRE) -- GPM Investments, LLC, a wholly owned subsidiary of ARKO Corp. (Nasdaq: ARKO), today announced the closing of the acquisition of the ExpressStop chain, including 60 convenience stores with gas in Michigan and Ohio. This acquisition complements GPM’s consolidation strategy and adds to its already existing stores in Michigan and Ohio. “We are excited to complete this transaction and welcome ExpressStop to the GPM family of community brands,” said Arie Kotler, Chairman, President and Chief Executive Officer of ARKO. “As our 19th acquisition since 2013, ExpressStop is the latest example of our continued commitment to aggressive growth through the acquisition of strong regional community brands. We look forward to providing ExpressStop customers with the same great products and service they have come to expect with additional value through our fas REWARDS loyalty program and promotional activities throughout the year.” This acquisition brings GPM to approximately 3,000 locations of which approximately 1,400 are company-operated and approximately 1,625 are dealer sites to which we supply fuel. To learn more about GPM stores, visit: www.gpminvestments.com. To learn more about ARKO, visit: www.arkocorp.com. About ARKO Corp. ARKO Corp. (Nasdaq: ARKO) owns 100% of GPM Investments, LLC (“GPM”). Based in Richmond, VA, GPM was founded in 2003 with 169 stores and has grown through acquisitions to become the 6th largest convenience store chain in the United States, operating or supplying fuel to approximately 3,000 locations in 33 states and the District of Columbia, comprised of approximately 1,400 company-operated stores and approximately 1,625 dealer sites to which we supply fuel. We operate in three reportable segments: retail, which consists of fuel and merchandise sales to retail consumers; wholesale, which supplies fuel to third-party dealers and consignment agents; and GPM Petroleum, which supplies fuel to our sites (both in the retail and wholesale segments). Our stores offer fas REWARDS® high value loyalty program, a large selection of beverages, coffee, fountain drinks, candy, salty snacks, and many other products to meet the needs of the everyday customer. Forward-Looking Statements This document includes certain “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995. These forward-looking statements may address, among other things, our expected financial and operational results and the related assumptions underlying our expected results. These forward-looking statements are distinguished by use of words such as “anticipate,” “believe,” “continue,” “could,” “estimate,” “expect,” “intends,” “may,” “might,” “plan,” “possible,” “potential,” “predict,” “project,” “should,” “will,” “would” and the negative of these terms, and similar references to future periods. These statements are based on management’s current expectations and are subject to uncertainty and changes in circumstances. Actual results may differ materially from these expectations due to, among other things, changes in economic, business and market conditions; our ability to maintain the listing of our common stock and warrants on the Nasdaq Stock Market; changes in our strategy, future operations, financial position, estimated revenues and losses, projected costs, prospects and plans; expansion plans and opportunities; changes in the markets in which we compete; changes in applicable laws or regulations, including those relating to environmental matters; market conditions and global and economic factors beyond our control, including the potential adverse effects of the ongoing global coronavirus (COVID-19) pandemic on capital markets, general economic conditions, unemployment and our liquidity, operations and personnel; and the outcome of any known or unknown litigation and regulatory proceedings. Detailed information about these factors and additional important factors can be found in the documents that ARKO files with the Securities and Exchange Commission, such as Form 10-K, Form 10-Q and Form 8-K. Forward-looking statements speak only as of the date the statements were made. ARKO assumes no obligation to update forward-looking information, except as required by applicable law. Media Contact Andrew PetroMatter on behalf of ARKO(978) 518-4531apetro@matternow.com Investor Contact Chris MandevilleARKO@icrinc.com

ARKO Reports First Quarter 2021 Financial Results
13 May, 2021 Yahoo! Finance

Operating Income Increases $21.2 million (+265%)RICHMOND, Va., May 13, 2021 (GLOBE NEWSWIRE) -- ARKO Corp. (Nasdaq: ARKO) (“ARKO” or the “Company”), a growing leader in the U.S. convenience store industry, today announced financial results for the first quarter ended March 31, 2021. First Quarter 2021 Key Highlights Operating income of $13.2 million for the quarter versus an operating loss of $8.0 million in first quarter of 2020Net loss for the quarter of $14.7 million compared to a net loss of $12.9 million for the first quarter 2020Net loss for first quarter 2021 includes $12.1 million for interest expense primarily related to non-cash fair value adjustments for warrants along with one-time $4.5 million in additional interest for the early redemption of the Israeli Bonds (Series C)Adjusted EBITDA of $42.3 million, an increase of $25.4 million, or 150%, versus the prior year period, with Empire contributing approximately $13 million of the increaseSame store merchandise sales increase of 6.0% compared to the prior year period while merchandise margin increased 130 basis points to 27.4% from 26.1%Same store merchandise sales excluding cigarettes increase of 9.2% compared to the prior year periodEliminating the extra day in 2020 due to the leap year, same store merchandise sales increased by 7.2% and same store merchandise sales excluding cigarettes increased by 10.4% as compared to the first quarter of 2020Retail fuel margin cents per gallon increase of 22% to 32.1 cents per gallon; same store fuel gallons sold declined by 13.8%DoorDash delivery partnership continues its expansion, now operating in more than 625, or nearly half, of all Company-operated storesEmpire added 14 new dealers during the quarter “We are pleased to report another quarter of strong financial results in spite of what remains a challenging operating environment a full year since the start of the pandemic,” said Arie Kotler, Chief Executive Officer of ARKO. “We continue making progress on several of our core growth initiatives, including having launched our remodel program, while at the same time, making solid headway on the Empire integration. In addition, we have continued to build upon our strong record of acquisitions through our planned purchase of approximately 60 sites from ExpressStop, and just recently, we announced an agreement with Oak Street Real Estate Capital, LLC under which they agreed to purchase up to $1 billion dollars in real estate to assist with our planned future growth. I’m very proud of the dedication of our team and the profitable growth momentum of the business demonstrated in the first quarter of 2021 as we continue our journey as one of the largest and most successful convenience store operators in the country.” First Quarter 2021 Segment Highlights Retail For the three months ended March 31, 2021 2020 (in thousands) Fuel gallons sold 226,112 234,815 Same store fuel gallons sold decrease (%) 1 (13.8%) (7.4%) Fuel margin, cents per gallon 2 32.1 26.3 Merchandise revenue$359,281 $323,679 Same store merchandise sales increase (%) 1 6.0% 0.2% Same store merchandise sales excluding cigarettes increase (decrease) (%) 1 9.2% (0.5%) Merchandise contribution 3$98,527 $84,588 Merchandise margin 4 27.4% 26.1% 1 Same store is a common metric used in the convenience store industry. We consider a store a same store beginning in the first quarter in which the store has a full quarter of activity in the prior year. Refer to Use of Non-GAAP Measures below for discussion of this measure. 2 Calculated as fuel revenue less fuel costs divided by fuel gallons sold; excludes the estimated fixed margin paid to GPM Petroleum ("GPMP") for the cost of fuel. 3 Calculated as merchandise revenue less merchandise costs. 4 Calculated as merchandise contribution divided by merchandise revenue. Same store merchandise sales increased 6.0% for the quarter and 9.2% excluding cigarettes as compared to the first quarter of 2020. Adjusting to eliminate the extra day in 2020 due to the leap year, same store merchandise sales increased by 7.2% and same store merchandise sales excluding cigarettes increased by 10.4%. Total merchandise contribution increased $13.9 million for the quarter compared to the prior year due to the same store revenue growth coupled with a 130-basis point increase in merchandise margin along with a $6.8 million increase as a result of the Empire acquisition. For the first quarter of 2021, retail fuel profitability (excluding intercompany charges by our wholesale fuel distribution subsidiary, GPM Petroleum LP (“GPMP”)) increased approximately $10.8 million compared to the prior year period primarily due to the $10.5 million contribution from the Empire acquisition. Higher retail fuel margin cents per gallon increased 22% to 32.1 cents per gallon; same store gallons sold declined by 13.8% as compared to the first quarter of 2020 primarily due to the COVID-19 pandemic. Wholesale For the three months ended March 31, 2021 2020 (in thousands) Fuel gallons sold – non-consignment agent locations183,645 7,527 Fuel gallons sold – consignment agent locations37,911 5,589 Fuel margin, cents per gallon1 – non-consignment agent locations5.1 6.0 Fuel margin, cents per gallon1 – consignment agent locations21.9 19.1 1 Calculated as fuel revenue less fuel costs divided by fuel gallons sold; excludes the estimated fixed margin paid to GPMP for the cost of fuel. For the first quarter of 2021, wholesale fuel profitability (excluding intercompany charges by GPMP) increased approximately $16.2 million compared to the prior year period, with the Empire acquisition accounting for $16.0 million of the growth. Fuel contribution from non-consignment agent locations grew by $8.9 million compared to the prior year due to a 176 million gallon increase in fuel volume. Fuel margin cents per gallon for these locations decreased 0.9 cents versus the first quarter of 2020. The decrease in the margin was due to the inclusion of Empire non-consignment sales, which included spot market sales and longer-term contracts which generally are at a lower margin. Fuel contribution from consignment agent locations grew $7.3 million compared to the prior year due to quarter over quarter increases in both volume of 32 million gallons and fuel margin, cents per gallon of 2.8 cents. Although volume sold through consignment locations aggregated 17% of the combined total, fuel margin dollars realized accounted for approximately 47% of the fuel margin dollar contribution. Liquidity and Capital Expenditures As of March 31, 2021, the Company’s total liquidity was approximately $457 million, consisting of cash and cash equivalents of $205.0 million, plus $31.8 million of restricted investments, and approximately $220 million of unused availability under lines of credit. Outstanding debt was $674.3 million, resulting in net debt of $437.5 million. Capital expenditures were $17.5 million for the three months ended March 31, 2021, compared to $12.1 million for the prior year period. Store Network Update The following tables present certain information regarding changes in the store network for the periods presented: For the three months ended March 31, Retail Segment2021 2020 Number of sites at beginning of period1,330 1,272 Company-controlled sites converted to consignment locations and independent and lessee dealers, net— (1)Closed, relocated or divested sites(6) — Number of sites at end of period1,324 1,271 For the three months ended March 31, Wholesale Segment2021 2020 Number of sites at beginning of period1,614 128 Newly opened or reopened sites14 — Consignment locations or independent and lessee dealers converted from Company-controlled sites, net— 1 Closed, relocated or divested sites(3) (1)Number of sites at end of period1,625 128 Conference Call and Webcast Details The Company will host a conference call to discuss these results today at 10:00 a.m. Eastern Time. Investors interested in participating in the live call can dial 877-605-1792 or 201-689-8728. A telephone replay will be available approximately two hours after the call concludes through May 27, 2021, by dialing 877-660-6853 or 201-612-7415 and entering confirmation code 13718973. There will also be a simultaneous, live webcast available on the Investor Relations section of the Company’s website at https://www.arkocorp.com/. The webcast will be archived for 30 days. About ARKO Corp. ARKO Corp. (Nasdaq: ARKO) owns 100% of GPM Investments, LLC (“GPM”). Based in Richmond, VA, GPM was founded in 2003 with 169 stores and has grown through acquisitions to become the 7th largest convenience store chain in the United States, operating or supplying fuel to approximately 2,950 locations in 33 states and the District of Columbia, comprised of approximately 1,325 company-operated stores and approximately 1,625 dealer sites to which we supply fuel. We operate in three reportable segments: retail, which consists of fuel and merchandise sales to retail consumers; wholesale, which supplies fuel to third-party dealers and consignment agents; and GPMP, which supplies fuel to our sites (both in the retail and wholesale segments). Our stores offer fas REWARDS® high value loyalty program, a large selection of beverages, coffee, fountain drinks, candy, salty snacks, and many other products to meet the needs of the everyday customer. Forward-Looking Statements This document includes certain “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995. These forward-looking statements may address, among other things, our expected financial and operational results and the related assumptions underlying our expected results. These forward-looking statements are distinguished by use of words such as “anticipate,” “believe,” “continue,” “could,” “estimate,” “expect,” “intends,” “may,” “might,” “plan,” “possible,” “potential,” “predict,” “project,” “should,” “will,” “would” and the negative of these terms, and similar references to future periods. These statements are based on management’s current expectations and are subject to uncertainty and changes in circumstances. Actual results may differ materially from these expectations due to, among other things, changes in economic, business and market conditions; our ability to maintain the listing of our common stock and warrants on the Nasdaq Stock Market; changes in our strategy, future operations, financial position, estimated revenues and losses, projected costs, prospects and plans; expansion plans and opportunities; changes in the markets in which we compete; changes in applicable laws or regulations, including those relating to environmental matters; market conditions and global and economic factors beyond our control, including the potential adverse effects of the ongoing global coronavirus (COVID-19) pandemic on capital markets, general economic conditions, unemployment and our liquidity, operations and personnel; and the outcome of any known or unknown litigation and regulatory proceedings. Detailed information about these factors and additional important factors can be found in the documents that ARKO files with the Securities and Exchange Commission, such as Form 10-K, Form 10-Q and Form 8-K. Forward-looking statements speak only as of the date the statements were made. ARKO assumes no obligation to update forward-looking information, except as required by applicable law. Media Contact Andrew PetroMatter on behalf of ARKO(978) 518-4531apetro@matternow.com Investor Contact Chris MandevilleARKO@icrinc.com Consolidated statements of operations For the three months ended March 31, 2021 2020 (in thousands) Revenues: Fuel revenue$1,102,947 $563,041 Merchandise revenue 359,281 323,679 Other revenues, net 22,128 13,160 Total revenues 1,484,356 899,880 Operating expenses: Fuel costs 1,012,798 499,803 Merchandise costs 260,754 239,091 Store operating expenses 144,938 128,830 General and administrative expenses 26,713 18,893 Depreciation and amortization 24,242 17,071 Total operating expenses 1,469,445 903,688 Other expenses, net 1,672 4,176 Operating income (loss) 13,239 (7,984) Interest and other financial income 2,407 3,245 Interest and other financial expenses (31,024) (9,896) Loss before income taxes (15,378) (14,635) Income tax benefit 722 2,011 Loss from equity investee (6) (233) Net loss$(14,662) $(12,857) Less: Net income (loss) attributable to non-controlling interests 74 (2,401) Net loss attributable to ARKO Corp.$(14,736) $(10,456) Series A redeemable preferred stock dividends (1,402) Net loss attributable to common shareholders$(16,138) Net loss per share attributable to common shareholders - basic and diluted$(0.13) $(0.16) Weighted average shares outstanding: Basic and Diluted 124,361 66,731 Consolidated balance sheets March 31, 2021 December 31, 2020 (in thousands)Assets Current assets: Cash and cash equivalents$204,986 $293,666 Restricted cash with respect to bonds — 1,230 Restricted cash 18,017 16,529 Trade receivables, net 57,597 46,940 Inventory 171,123 163,686 Other current assets 80,425 87,355 Total current assets 532,148 609,406 Non-current assets: Property and equipment, net 493,420 491,513 Right-of-use assets under operating leases 947,568 961,561 Right-of-use assets under financing leases, net 203,706 198,317 Goodwill 173,937 173,937 Intangible assets, net 212,144 218,132 Restricted investments 31,825 31,825 Non-current restricted cash with respect to bonds — 1,552 Equity investment 2,612 2,715 Deferred tax asset 42,345 40,655 Other non-current assets 10,849 10,196 Total assets$2,650,554 $2,739,809 Liabilities Current liabilities: Long-term debt, current portion$29,495 $40,988 Accounts payable 172,910 155,714 Other current liabilities 108,021 133,637 Operating leases, current portion 49,590 48,878 Financing leases, current portion 7,598 7,834 Total current liabilities 367,614 387,051 Non-current liabilities: Long-term debt, net 644,764 708,802 Asset retirement obligation 53,351 52,964 Operating leases 961,621 973,695 Financing leases 233,575 226,440 Deferred tax liability 2,663 2,816 Other non-current liabilities 107,644 96,621 Total liabilities 2,371,232 2,448,389 Series A redeemable preferred stock 100,000 100,000 Shareholders' equity: Common stock 12 12 Additional paid-in capital 214,727 212,103 Accumulated other comprehensive income 9,119 9,119 Accumulated deficit (44,389) (29,653)Total shareholders' equity 179,469 191,581 Non-controlling interest (147) (161)Total equity 179,322 191,420 Total liabilities, redeemable preferred stock and equity$2,650,554 $2,739,809 Consolidated statements of cash flows For the three months ended March 31, 2021 2020 (in thousands)Cash flows from operating activities: Net loss$(14,662) $(12,857)Adjustments to reconcile net loss to net cash provided by operating activities: Depreciation and amortization 24,242 17,071 Deferred income taxes (1,843) 389 Loss on disposal of assets and impairment charges 1,375 3,382 Foreign currency gain (1,042) (2,874)Amortization of deferred financing costs, debt discount and premium (185) 1,780 Amortization of deferred income (2,484) (2,380)Accretion of asset retirement obligation 445 327 Non-cash rent 1,771 1,801 Charges to allowance for credit losses 141 49 Loss from equity investment 6 233 Share-based compensation 1,026 127 Fair value adjustment of financial assets and liabilities 11,049 (418)Other operating activities, net 224 — Changes in assets and liabilities: (Increase) decrease in trade receivables (10,798) 7,732 (Increase) decrease in inventory (7,437) 17,402 Decrease in other assets 7,688 4,737 Increase (decrease) in accounts payable 17,309 (10,996)Decrease in other current liabilities (15,829) (966)Decrease in asset retirement obligation (89) (36)Increase (decrease) in non-current liabilities 369 (591)Net cash provided by operating activities 11,276 23,912 Cash flows from investing activities: Purchase of property and equipment (17,525) (12,048)Purchase of intangible assets — (30)Proceeds from sale of property and equipment 880 — Business acquisitions, net of cash — (320)Loans to equity investment — (143)Net cash used in investing activities (16,645) (12,541)Cash flows from financing activities: Lines of credit, net — (39,364)Repayment of related-party loans — (4,517)Receipt of long-term debt, net 1,115 156,694 Repayment of debt (75,963) (41,722)Principal payments on financing leases (1,990) (2,124)Investment of non-controlling interest in subsidiary — 19,325 Payment of Merger Transaction issuance costs (4,686) — Dividends paid on redeemable preferred stock (1,559) — Distributions to non-controlling interests (60) (2,375)Net cash (used in) provided by financing activities (83,143) 85,917 Net (decrease) increase in cash and cash equivalents and restricted cash (88,512) 97,288 Effect of exchange rate on cash and cash equivalents and restricted cash (1,462) (1,306)Cash and cash equivalents and restricted cash, beginning of period 312,977 52,763 Cash and cash equivalents and restricted cash, end of period$223,003 $148,745 Use of Non-GAAP Measures We disclose non-GAAP measures on a “same store basis,” which exclude the results of any store that is not a “same store” for the applicable period. A store is considered a same store beginning in the first quarter in which the store has a full quarter of activity in the prior year. We believe that this information provides greater comparability regarding our ongoing operating performance. These measures should not be considered an alternative to measurements presented in accordance with generally accepted accounting principles (“GAAP”) and are non-GAAP financial measures. We define EBITDA as net income (loss) before net interest expense, income taxes, depreciation and amortization. Adjusted EBITDA further adjusts EBITDA by excluding the gain or loss on disposal of assets, impairment charges, acquisition costs, other non-cash items, and other unusual or non-recurring charges. None of EBITDA or Adjusted EBITDA are presented in accordance with GAAP and are non-GAAP financial measures. We use EBITDA and Adjusted EBITDA for operational and financial decision-making and believe these measures are useful in evaluating our performance because they eliminate certain items that we do not consider indicators of our operating performance. EBITDA and Adjusted EBITDA are also used by many of our investors, securities analysts, and other interested parties in evaluating our operational and financial performance across reporting periods. We believe that the presentation of EBITDA and Adjusted EBITDA provides useful information to investors by allowing an understanding of key measures that we use internally for operational decision-making, budgeting, evaluating acquisition targets, and assessing our operating performance. EBITDA and Adjusted EBITDA are not recognized terms under GAAP and should not be considered as a substitute for net income (loss), cash flows from operating activities, or other income or cash flow statement data. These measures have limitations as analytical tools, and should not be considered in isolation or as substitutes for analysis of our results as reported under GAAP. We strongly encourage investors to review our financial statements and publicly filed reports in their entirety and not to rely on any single financial measure. Because non-GAAP financial measures are not standardized, same stores measures, EBITDA and Adjusted EBITDA, as defined by us, may not be comparable to similarly titled measures reported by other companies. It therefore may not be possible to compare our use of these non-GAAP financial measures with those used by other companies. The following table contains a reconciliation of net loss to EBITDA and Adjusted EBITDA for the periods presented: Reconciliation of Adjusted EBITDA For the three months ended March 31, 2021 2020 (in thousands) Net loss$(14,662) $(12,857) Interest and other financing expenses, net 28,617 6,651 Income tax benefit (722) (2,011) Depreciation and amortization 24,242 17,071 EBITDA 37,475 8,854 Non-cash rent expense (a) 1,771 1,801 Acquisition costs (b) 611 1,500 Loss on disposal of assets and impairment charges (c) 1,375 3,382 Share-based compensation expense (d) 1,026 127 Loss from equity investment (e) 6 233 Fuel taxes paid in arrears (f) — 1,050 Other (g) 39 (13) Adjusted EBITDA$42,303 $16,934 (a) Eliminates the non-cash portion of rent, which reflects the extent to which our GAAP rent expense recognized exceeds (or is less than) our cash rent payments. The GAAP rent expense adjustment can vary depending on the terms of our lease portfolio, which has been impacted by our recent acquisitions. For newer leases, our rent expense recognized typically exceeds our cash rent payments, while for more mature leases, rent expense recognized is typically less than our cash rent payments. (b) Eliminates costs incurred that are directly attributable to historical business acquisitions and salaries of employees whose primary job function is to execute our acquisition strategy and facilitate integration of acquired operations. (c) Eliminates the non-cash loss (gain) from the sale of property and equipment, the gain recognized upon the sale of related leased assets, and impairment charges on property and equipment and right-of-use assets related to closed and non-performing stores. (d) Eliminates non-cash share-based compensation expense related to the equity incentive program in place to incentivize, retain, and motivate our employees, certain non-employees and members of our Board of Directors. (e) Eliminates our share of loss attributable to our unconsolidated equity investment. (f) Eliminates the payment of historical fuel tax liabilities owed for multiple prior periods. (g) Eliminates other unusual or non-recurring items that we do not consider to be meaningful in assessing operating performance.

ARKO Announces Participation in the 2021 BMO Farm to Market Conference
11 May, 2021 Yahoo! Finance

RICHMOND, Va., May 11, 2021 (GLOBE NEWSWIRE) -- ARKO Corp. (Nasdaq: ARKO) (“ARKO” or the “Company”), a growing leader in the U.S. convenience store industry, today announced that the Company is scheduled to present at the 2021 BMO Farm to Market Conference on Wednesday, May 19, 2021, at 9:20 am Eastern Time. The presentation will be webcast live over the internet and can be accessed at https://www.arkocorp.com/. A replay will be available for 90 days. About ARKO ARKO Corp. (Nasdaq: ARKO) owns 100% of GPM Investments, LLC (“GPM”). Based in Richmond, VA, GPM was founded in 2003 with 169 stores and has grown through acquisitions to become the 7th largest convenience store chain in the United States, operating or supplying fuel to approximately 2,950 locations in 33 states and the District of Columbia, comprised of approximately 1,325 company-operated stores and approximately 1,625 dealer sites to which we supply fuel. We operate in three reportable segments: retail, which consists of fuel and merchandise sales to retail consumers; wholesale, which supplies fuel to third-party dealers and consignment agents; and GPMP, which supplies fuel to our sites (both in the retail and wholesale segments). Our stores offer fas REWARDS® high value loyalty program, a large selection of beverages, coffee, fountain drinks, candy, salty snacks, and many other products to meet the needs of the everyday customer. Media ContactAndrew PetroMatter on behalf of ARKO(978) 518-4531apetro@matternow.com Investor ContactChris MandevilleARKO@icrinc.com

ARKO to Report First Quarter 2021 Financial Results on May 13, 2021
10 May, 2021 Yahoo! Finance

RICHMOND, Va., May 10, 2021 (GLOBE NEWSWIRE) -- ARKO Corp. (Nasdaq: ARKO) (the “Company”) today announced that the Company will report results for the first quarter ended March 31, 2021 on Thursday, May 13, 2021 before the markets open in the United States. The Company will host a conference call to discuss these results at 10:00 a.m. Eastern Time on May 13, 2021. Investors interested in participating in the live call can dial 877-605-1792 or 201-689-8728. A telephone replay will be available approximately two hours after the call concludes through May 27, 2021, by dialing 877-660-6853 or 201-612-7415 and entering confirmation code 13718973. There will also be a simultaneous, live webcast available on the Investor Relations section of the Company’s website at https://www.arkocorp.com/. The webcast will archived for 30 days. About ARKO Corp. ARKO Corp. (Nasdaq: ARKO) owns 100% of GPM Investments, LLC (“GPM”). Based in Richmond, VA, GPM was founded in 2003 with 169 stores and has grown through acquisitions to become the 7th largest convenience store chain in the United States, operating or supplying fuel to approximately 2,950 locations in 33 states and the District of Columbia, comprised of approximately 1,325 company-operated stores and approximately 1,625 dealer sites to which we supply fuel. We operate in three reportable segments: retail, which consists of fuel and merchandise sales to retail consumers; wholesale, which supplies fuel to third-party dealers and consignment agents; and GPMP, which supplies fuel to our sites (both in the retail and wholesale segments). Our stores offer fas REWARDS® high value loyalty program, a large selection of beverages, coffee, fountain drinks, candy, salty snacks, and many other products to meet the needs of the everyday customer. Investor ContactChris Mandeville(203) 682-8200ARKO@icrinc.com

ARKO Corp.’s subsidiary GPM Investments, LLC Received a $1 Billion Real Property Commitment from Oak Street Real Estate Capital, LLC
04 May, 2021 Yahoo! Finance

Agreement provides significant additional flexibility to continue GPM’s acquisition growth strategyRICHMOND, Va., May 04, 2021 (GLOBE NEWSWIRE) -- GPM Investments, LLC, a wholly owned subsidiary of ARKO Corp. (Nasdaq: ARKO), entered into an agreement with Chicago-based real estate investment firm Oak Street Real Estate Capital, LLC ("Oak Street"). Under and subject to the terms of the agreement, Oak Street has agreed to purchase and lease to GPM real estate associated with acquisitions of convenience store brands and fueling stations. GPM would own and operate the related acquired businesses, whereas Oak Street would own the real estate and lease it to GPM. Oak Street is committing up to $1 billion to the program for a one-year period. As the seventh largest convenience store chain in the United States, GPM has executed 18 acquisitions since 2011, growing the company to almost 3,000 sites with more than 10,000 employees operating in 33 states and Washington D.C. This agreement further demonstrates the company’s continued commitment to aggressive growth. “We believe that working with Oak Street will allow us to be a more attractive acquirer and add additional flexibility as we structure acquisitions,” said Arie Kotler, President and Chief Executive Officer of GPM. “We remain highly focused on our core acquisition model, and we expect that this partnership will enhance certainty of deal execution and as a result, strengthen our growth as a company.” “ARKO is a phenomenal company that is making the right strategic decisions,” said Marc Zahr, Chief Executive Officer and Managing Partner of Oak Street. “Their ability to utilize our balance sheet to fund their real estate footprint allows them to focus on their accretive growth and core operations. We are excited about what our partnership can do for their business and to help fuel their continued success.” To learn more about GPM stores, visit: www.gpminvestments.com. To learn more about ARKO, visit: www.arkocorp.com. About ARKO Corp. and GPM:ARKO Corp. (Nasdaq: ARKO) owns 100% of GPM Investments, LLC (“GPM”). Based in Richmond, VA, GPM was founded in 2003 with 169 stores and has grown through acquisitions to become the 7th largest convenience store chain in the United States, with approximately 2,950 locations comprised of approximately 1,350 company-operated stores and approximately 1,600 dealer sites to which it supplies fuel in 33 states and Washington D.C. GPM operates in three segments: retail, which consists of fuel and merchandise sales to retail consumers; wholesale, which supplies fuel to third-party dealers and consignment agents; and GPM Petroleum, which supplies fuel to GPM and its subsidiaries selling fuel (both in the retail and wholesale segments) as well as sub-wholesalers and bulk purchasers. Its stores offer its fasREWARDS® high value loyalty program, a large selection of beverages, coffee, fountain drinks, candy, salty snacks, and many other products to meet the needs of the everyday customer. One feature, setting many of its convenience stores apart is a wide array of proprietary food offerings ranging from fresh chicken, fresh-made salads, and sandwiches to healthy, grab-and-go meals. About Oak Street Real Estate Capital:Oak Street Real Estate Capital, LLC (“Oak Street”) is a real estate investment firm focused on acquiring properties net-leased to investment grade and creditworthy tenants. Oak Street’s investment funds currently have $15 billion of discretionary acquisition capacity and co-investment capacity to be deployed into sale-leasebacks and build-to suits. Oak Street specializes in providing flexible capital solutions to a variety of organizations including corporations, healthcare systems, universities and government entities. Forward-Looking Statements:This document includes certain “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995. These forward-looking statements may address, among other things, our expected financial and operational results and the related assumptions underlying our expected results. These forward-looking statements are distinguished by use of words such as “anticipate,” “believe,” “continue,” “could,” “estimate,” “expect,” “intends,” “may,” “might,” “plan,” “possible,” “potential,” “predict,” “project,” “should,” “will,” “would” the negative of these terms, and similar references to future periods. These statements are based on management’s current expectations and are subject to uncertainty and changes in circumstances. Actual results may differ materially from these expectations due to, among other things, changes in economic, business and market conditions; our ability to maintain the listing of our common stock and warrants on the Nasdaq Stock Market; changes in our strategy, future operations, financial position, estimated revenues and losses, projected costs, prospects and plans; expansion plans and opportunities; changes in the markets in which we compete; changes in applicable laws or regulations, including those relating to environmental matters; market conditions and global and economic factors beyond our control, including the potential adverse effects of the ongoing global coronavirus (COVID-19) pandemic on capital markets, general economic conditions, unemployment and our liquidity, operations and personnel; and the outcome of any known or unknown litigation and regulatory proceedings. Detailed information about these factors and additional important factors can be found in the documents that ARKO files with the Securities and Exchange Commission, such as Form 10-K, Form 10-Q and Form 8-K. Forward-looking statements speak only as of the date the statements were made. ARKO assumes no obligation to update forward-looking information to reflect actual results, changes in assumptions or changes in other factors affecting forward-looking information, except as required by applicable law. Media ContactAndrew PetroMatter on behalf of ARKO (978) 518-4531apetro@matternow.com Investor ContactChris Mandeville(203) 682-8200ARKO@icrinc.com

Earnings Miss: Arko Corp. Missed EPS By 29% And Analysts Are Revising Their Forecasts
27 Mar, 2021 Yahoo! Finance

Arko Corp. ( NASDAQ:ARKO ) missed earnings with its latest annual results, disappointing overly-optimistic forecasters...

ARKO Reports Fourth Quarter and Full Year 2020 Financial Results
25 Mar, 2021 Yahoo! Finance

Company Reporting Financial Results for the First Time Since Becoming a Nasdaq-Listed Public CompanyRICHMOND, Va., March 25, 2021 (GLOBE NEWSWIRE) -- ARKO Corp. (Nasdaq: ARKO) (“ARKO” or the “Company”), a growing leader in the U.S. convenience store industry, today announced financial results for the fourth quarter and full year ended December 31, 2020. Fourth Quarter and Full Year 2020 Key Highlights Net earnings improvement of 66% for the quarter to a loss of $6.7 million compared to the prior quarter in 2019, and net income for the year of $30.1 million, an increase of 164%.Operating cash flow generated of $47.3 million for the quarter, an increase of 774%, and $173.8 million for 2020, an increase of 302%.Retail fuel margin for the quarter increase of 48% to 29.3 cents per gallon and increase for the full year of 54% to 31.9 cents per gallon, which more than offset reduced same stores gallons sold of 15.8% and 16.5% for the quarter and full year, respectively.Same store merchandise sales increase of 3.3% and 3.5% for the fourth quarter and full year, respectively, with an increase of 4.5% in the period from April to December 2020, compared to the same period in the prior year. Same store merchandise margin increased to 27.1% from 26.6% for the quarter and increased to 27.1% from 27.0% for the full year.Adjusted EBITDA, net of incremental bonuses for the quarter was $40.6 million, an increase of 249%; Adjusted EBITDA, net of incremental bonuses for the year was $183.4 million, an increase of 135%, which was in line with the Company’s previously increased expectations for full year 2020. Completed the purchase of the business of Empire Petroleum Partners, LLC (the “Empire Acquisition”), materially enhancing our wholesale business and providing a future opportunity to meaningfully reduce fuel procurement costs. Added 1,453 wholesale sites to our network in addition to 84 retail sites, which increased our footprint through expansion into 10 new states and will double our gallons sold.On December 22, 2020, ARKO acquired all minority interests in GPM Investments, LLC (GPM), our operating company. Additionally, we purchased all of the minority interests with the exception of a third-party with a 0.29% holding in one of our subsidiaries that distributes fuel to our locations (GPMP). Arie Kotler, Chief Executive Officer of ARKO Corp., commented, “This quarter marked an important milestone as we became a U.S.-listed public company, and we are pleased to have reported strong financial results in the midst of a challenging operating environment. Our industry is highly fragmented and ripe for consolidation, and we are proud that we have built a large platform with our strong track record of acquisitions. We recently announced the pending acquisition of 61 sites from ExpressStop and remain focused on driving the next chapter of growth through our multi-year remodel program and other compelling organic growth opportunities that we expect will deliver long-term value for all of our stakeholders.” Fourth Quarter and Full Year 2020 Segment Highlights Retail For the year ended December 31, For the three months ended December 31, 2020 2019 2020 2019 (in thousands)Fuel gallons sold 937,095 1,039,993 249,842 259,474 Same stores fuel gallons sold decrease (%) 2 (16.5%) (1.8%) (15.8%) (0.3%)Fuel margin, cents per gallon 1 31.9 20.7 29.3 19.8 Merchandise revenue$1,494,342 $1,375,438 $375,301 $337,133 Same stores merchandise sales increase (%) 2 3.5% 1.0% 3.3% 0.3%Merchandise contribution 3$406,310 $372,516 $101,793 $89,751 Merchandise margin 4 27.2% 27.1% 27.1% 26.6% 1 Calculated as fuel revenue less fuel costs divided by fuel gallons sold; excludes the estimated fixed margin paid to GPM Petroleum ("GPMP") for the cost of fuel.2 Same store merchandise sales is a common metric used in the convenience store industry. We consider a store a same store beginning in the first quarter in which the store has a full quarter of activity in the prior year. Refer to Use of Non-GAAP Measures below for discussion of this measure.3 Calculated as merchandise revenue less merchandise costs.4 Calculated as merchandise margin divided by merchandise revenue. For the fourth quarter and full year, retail fuel profitability (excluding intercompany charges by our wholesale fuel distribution subsidiary, GPM Petroleum (“GPMP”)) increased approximately $21.8 million and approximately $84.0 million, respectively, compared to the prior year periods. This was due to a higher retail fuel margin that more than offset the decline in gallons sold, which decline in gallons was primarily a result of the COVID-19 pandemic. These increases were also enhanced by the Empire Acquisition and the full year impact of acquisitions made in 2019. Retail fuel gallons sold decreased 3.7% for the quarter and 10.0% for the full year, as compared to 2019, primarily driven by the impact of lower traffic levels due to COVID-19. Similarly, on a same store basis, fourth quarter and full year retail fuel gallons sold declined 15.8% and 16.5%, respectively, as compared to 2019. Same stores merchandise sales increased 3.3% for the quarter and 3.5% for the year. Total merchandise contribution increased $12.0 million for the quarter and $33.8 million for the year compared to the prior year primarily due to increases in core merchandise categories. These increases were also enhanced by the Empire Acquisition and the full year impact of acquisitions made in 2019. Wholesale For the year ended December 31, For the three months ended December 31, 2020 2019 2020 2019 (in thousands)Fuel gallons sold267,309 64,757 226,077 15,541Fuel margin, cents per gallon18.2 9.0 7.3 8.6 1 Calculated as fuel revenue less fuel costs divided by fuel gallons sold; excludes the estimated fixed margin paid to GPMP for the cost of fuel. For the fourth quarter and full year, wholesale fuel profitability (excluding intercompany charges by GPMP) increased approximately $15.2 million for the quarter and approximately $16.1 million for the full year compared to the prior year, with the Empire Acquisition accounting for the majority of the growth. Wholesale fuel margin calculated as cents per gallon were down for the quarter and full year versus prior year due to the Empire Acquisition as a majority of the acquired gallons are sold on a fixed markup basis as opposed to a consignment agent relationship which involves a profit split with the dealer. Liquidity and Capital Expenditures As of December 31, 2020, the Company’s cash and cash equivalents were $296.4 million, plus $31.8 million of restricted investments, and outstanding debt was $749.8 million, resulting in net debt of $421.6 million and a net debt to Adjusted EBITDA, net of incremental bonuses, leverage ratio of 2.3x. Capital expenditures were $44.6 million for the year ended December 31, 2020, compared to $58.3 million for the prior year. As of December 31, 2020, there were 124.1 million shares of common stock outstanding. Empire Acquisition In October 2020, we consummated the Empire Acquisition, which at the time of the acquisition added to our business the direct operation of 84 convenience stores and supply of fuel to 1,453 independently operated fueling stations in 30 states and the District of Columbia. As a result of the closing of the Empire Acquisition, we now operate stores or supply fuel in 33 states and the District of Columbia. Store Network Update The following tables present certain information regarding changes in our store network for the time periods presented: For the year ended December 31, For the three months ended December 31, Retail Segment2020 2019 2020 2019 Number of sites at beginning of period1,272 1,215 1,250 1,213 Acquired sites84 87 84 69 Newly opened or reopened sites3 1 3 — Company-controlled sites converted to consignment locations and independent and lessee dealers, net(14) (8) — (1)Closed, relocated or divested sites(15) (23) (7) (9)Number of sites at end of period 1,330 1,272 1,330 1,272 For the year ended December 31, For the three months ended December 31, Wholesale Segment2020 2019 2020 2019 Number of sites at beginning of period128 126 139 133 Acquired sites1,453 — 1,453 — Newly opened or reopened sites31 — 23 — Consignment locations or independent and lessee dealers converted from Company-controlled sites, net14 8 — 1 Closed, relocated or divested sites(12) (6) (1) (6)Number of sites at end of period 1,614 128 1,614 128 Business Combination On December 22, 2020, ARKO Holdings Ltd., an Israeli public company, and Haymaker Acquisition Corp. II, a special purpose acquisition company, completed their business combination to form ARKO Corp. The common stock and warrants of ARKO Corp. began trading on Nasdaq under the new ticker symbols “ARKO” and “ARKOW,” respectively, on December 23, 2020. Please see the press release dated December 22, 2020 on ARKO Corp.’s Investor Relations website for more details related to the business combination at https://www.arkocorp.com/news-events/press-releases. Conference Call and Webcast Details The Company will host a conference call to discuss these results today at 10:00 a.m. Eastern Time. Investors interested in participating in the live call can dial 877-605-1792 or 201-689-8728. A telephone replay will be available approximately two hours after the call concludes through April 8, 2021, by dialing 877-660-6853 or 201-612-7415 and entering confirmation code 13717487. There will also be a simultaneous, live webcast available on the Investor Relations section of the Company’s website at https://www.arkocorp.com/. The webcast will be archived for 30 days. About ARKO Corp. ARKO Corp. (Nasdaq: ARKO) owns 100% of GPM Investments, LLC (“GPM”). Based in Richmond, VA, GPM was founded in 2003 with 169 stores and has grown through acquisitions to become the 7th largest convenience store chain in the United States, operating or supplying fuel to approximately 2,950 locations in 33 states and the District of Columbia, comprised of approximately 1,350 company-operated stores and approximately 1,600 dealer sites to which we supply fuel. We operate in three reportable segments: retail, which consists of fuel and merchandise sales to retail consumers; wholesale, which supplies fuel to third-party dealers and consignment agents; and GPMP, which supplies fuel to our sites (both in the retail and wholesale segments). Our stores offer fas REWARDS® high value loyalty program, a large selection of beverages, coffee, fountain drinks, candy, salty snacks, and many other products to meet the needs of the everyday customer. Forward-Looking Statements This document includes certain “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995. These forward-looking statements may address, among other things, our expected financial and operational results and the related assumptions underlying our expected results. These forward-looking statements are distinguished by use of words such as “anticipate,” “believe,” “continue,” “could,” “estimate,” “expect,” “intends,” “may,” “might,” “plan,” “possible,” “potential,” “predict,” “project,” “should,” “will,” “would” and the negative of these terms, and similar references to future periods. These statements are based on management’s current expectations and are subject to uncertainty and changes in circumstances. Actual results may differ materially from these expectations due to, among other things, changes in economic, business and market conditions; our ability to maintain the listing of our common stock and warrants on the Nasdaq Stock Market; changes in our strategy, future operations, financial position, estimated revenues and losses, projected costs, prospects and plans; expansion plans and opportunities; changes in the markets in which we compete; changes in applicable laws or regulations, including those relating to environmental matters; market conditions and global and economic factors beyond our control, including the potential adverse effects of the ongoing global coronavirus (COVID-19) pandemic on capital markets, general economic conditions, unemployment and our liquidity, operations and personnel; and the outcome of any known or unknown litigation and regulatory proceedings. Detailed information about these factors and additional important factors can be found in the documents that ARKO files with the Securities and Exchange Commission, such as Form 10-K, Form 10-Q and Form 8-K. Forward-looking statements speak only as of the date the statements were made. ARKO assumes no obligation to update forward-looking information, except as required by applicable law. Media Contact Andrew PetroMatter on behalf of ARKO(978) 518-4531apetro@matternow.com Investor Contact Chris Mandeville(203) 682-8200ARKO@icrinc.com In the Business Combination, Arko Holdings was deemed the accounting acquirer. As such, the historical financial statements of Arko Holdings became the historical financial statements of the combined company. As a result, the financial information included herein reflect the historical operating results of Arko Holdings prior to the closing of the business combination and the combined results of the Company following the closing of the business combination. Additionally, the Company’s equity structure has been reclassified in all comparative periods up to the closing of the business combination to reflect the number of shares of the Company’s common stock issued to Arko Holdings’ stockholders in connection with the recapitalization transaction. As such, the share counts, corresponding common stock amounts and earnings per share related to Arko Holdings’ common stock prior to the business combination have been retroactively reclassified as shares reflecting the exchange ratio established in accordance with the Business Combination. Consolidated statements of operations For the year ended December 31, For the three months ended December 31, 2020 2019 2020 2019 (in thousands)Revenues: Fuel revenue$2,352,884 $2,703,440 $842,393 $662,273 Merchandise revenue 1,494,342 1,375,438 375,301 337,133 Other revenues, net 63,489 49,812 18,788 12,589 Total revenues 3,910,715 4,128,690 1,236,482 1,011,995 Operating expenses: Fuel costs 2,031,899 2,482,472 752,832 609,723 Merchandise costs 1,088,032 1,002,922 273,508 247,382 Store operating expenses 532,422 506,524 145,789 128,906 General and administrative expenses 94,424 69,311 29,601 18,232 Depreciation and amortization 74,396 62,404 24,340 16,120 Total operating expenses 3,821,173 4,123,633 1,226,070 1,020,363 Other expenses, net 9,228 3,733 1,938 (1,033)Operating income (loss) 80,314 1,324 8,474 (7,335)Interest and other financial income 1,245 1,451 265 426 Interest and other financial expenses (51,673) (43,263) (21,268) (9,623)Income (loss) before income taxes 29,886 (40,488) (12,529) (16,532)Income tax benefit (expense) 1,499 (6,167) 6,670 (3,329)Loss from equity investee (1,269) (507) (834) (109)Net income (loss)$30,116 $(47,162) $(6,693) $(19,970)Less: Net income (loss) attributable to non-controlling interests 16,929 (3,623) 1,247 (2,390)Net income (loss) attributable to ARKO Corp.$13,187 $(43,539) $(7,940) $(17,580)Accretion of redeemable preferred stock (3,120) (3,120) Series A redeemable preferred stock dividends (157) (157) Net income (loss) attributable to common shareholders$9,910 $(11,217) Net earnings (loss) per share attributable to common shareholders - basic and diluted$0.14 $(0.65) $(0.15) $(0.26)Weighted average shares outstanding: Basic and Diluted 71,074 66,701 76,628 66,727 Consolidated balance sheets As of December 31, 2020 2019 (in thousands) Assets Current assets: Cash and cash equivalents$293,666 $32,117 Restricted cash with respect to bonds 1,230 4,260 Restricted cash 16,529 14,423 Trade receivables, net 46,940 23,190 Inventory 163,686 157,752 Other current assets 87,355 58,369 Total current assets 609,406 290,111 Non-current assets: Property and equipment, net 491,513 367,151 Right-of-use assets under operating leases 961,561 793,086 Right-of-use assets under financing leases, net 198,317 180,557 Goodwill 173,937 133,952 Intangible assets, net 218,132 24,971 Restricted investments 31,825 31,825 Non-current restricted cash with respect to bonds 1,552 1,963 Equity investment 2,715 3,770 Deferred tax asset 40,655 — Other non-current assets 10,196 19,979 Total assets$2,739,809 $1,847,365 Liabilities Current liabilities: Lines of credit$— $82,824 Long-term debt, current portion 40,988 19,131 Accounts payable 155,714 128,828 Other current liabilities 133,637 67,519 Operating leases, current portion 48,878 34,303 Financing leases, current portion 7,834 7,876 Total current liabilities 387,051 340,481 Non-current liabilities: Long-term debt, net 708,802 218,680 Asset retirement obligation 52,964 36,864 Operating leases 973,695 816,558 Financing leases 226,440 202,470 Deferred tax liability 2,816 1,041 Other non-current liabilities 70,166 36,381 Total liabilities 2,421,934 1,652,475 Commitments and contingencies Series A redeemable preferred stock 100,000 — Shareholders' equity: Common stock 12 2,735 Additional paid-in capital 239,081 101,957 Accumulated other comprehensive income 9,119 4,444 Accumulated deficit (30,176) (43,363)Total shareholders' equity 218,036 65,773 Non-controlling interest (161) 129,117 Total equity 217,875 194,890 Total liabilities, redeemable preferred stock and equity$2,739,809 $1,847,365 Consolidated statements of cash flows For the year ended December 31, For the three months ended December 31, 2020 2019 2020 2019 (in thousands)Cash flows from operating activities: Net income (loss)$30,116 $(47,162) $(6,693) $(19,970)Adjustments to reconcile net income (loss) to net cash provided by operating activities: Depreciation and amortization 74,396 62,404 24,340 16,120 Deferred income taxes (4,747) 4,299 (7,733) 3,269 Gain on bargain purchase — (406) — — Loss (gain) on disposal of assets and impairment charges 6,060 (1,291) 495 (3,721)Foreign currency loss 6,754 10,158 6,318 984 Amortization of deferred financing costs, debt discount and premium 2,236 522 (195) (818)Amortization of deferred income (7,650) (8,848) (1,652) (2,153)Accretion of asset retirement obligation 1,359 1,549 349 389 Non-cash rent 7,051 7,582 1,876 1,889 Charges to allowance for doubtful accounts, net 260 91 186 17 Loss from equity investment 1,269 507 834 109 Share-based compensation 1,891 516 1,504 162 Fair value adjustment of financial assets and liabilities (491) — (491) — Other operating activities, net 115 — 611 — Changes in assets and liabilities: (Increase) decrease in trade receivables (24,010) (1,692) (25,750) 4,633 Decrease (increase) in inventory 6,618 (7,302) (4,970) (5,983)(Increase) decrease in other assets (7,864) 7,212 (1,217) 10,597 Increase in accounts payable 26,893 8,830 29,265 (8,242)Increase (decrease) in other current liabilities 46,303 5,064 29,245 (6,001)Decrease in asset retirement obligation (393) (450) (234) (77)Increase in non-current liabilities 7,676 1,714 1,256 1,780 Net cash provided by (used in) operating activities 173,842 43,297 47,344 (7,016)Cash flows from investing activities: Purchase of property and equipment (44,646) (58,261) (15,893) (29,032)Purchase of intangible assets (30) — — — Proceeds from sale of property and equipment 1,302 18,982 864 15,923 Business acquisitions, net of cash (363,988) (33,587) (363,668) (30,762)Loans to equity investment (189) (174) — — Net cash used in investing activities (407,551) (73,040) (378,697) (43,871)Cash flows from financing activities: Lines of credit, net (83,515) 34,893 (452) 41,708 Repayment of related-party loans (4,517) (850) — (850)Buyback of long-term debt (1,995) — — — Receipt of long-term debt, net 570,207 50,934 410,700 17,970 Repayment of debt (58,792) (18,079) (2,631) (2,473)Payment of Provision - Pension Fund — (17,500) — — Principal payments on financing leases (8,116) (9,051) (1,973) (2,417)Proceeds from issuance of rights, net 11,332 — — — Purchase of non-controlling interest in GPMP (99,048) — (99,048) — Investment of non-controlling interest in subsidiary 19,325 — — — Issuance of shares in Merger Transaction 57,997 — 57,997 — Issuance of redeemable preferred stock, net 96,880 — 96,880 — Distributions to non-controlling interests (8,710) (8,654) (1,617) (2,167)Net cash provided by financing activities 491,048 31,693 459,856 51,771 Effect of exchange rate on cash and cash equivalents and restricted cash 2,875 1,263 2,593 66 Net increase in cash and cash equivalents and restricted cash 257,339 1,950 128,503 884 Cash and cash equivalents and restricted cash, beginning of year 52,763 49,550 181,881 51,813 Cash and cash equivalents and restricted cash, end of year$312,977 $52,763 $312,977 $52,763 Use of Non-GAAP Measures We disclose non-GAAP measures on a “same store basis,” which exclude the results of any store that is not a “same store” for the applicable period. A store is considered a same store beginning in the first quarter in which the store has a full quarter of activity in the prior year. We believe that this information provides greater comparability regarding our ongoing operating performance. These measures should not be considered an alternative to measurements presented in accordance with generally accepted accounting principles (“GAAP”) and are non-GAAP financial measures. We define EBITDA as net income (loss) before net interest expense, income taxes, depreciation and amortization. Adjusted EBITDA further adjusts EBITDA by excluding the gain or loss on disposal of assets, impairment charges, acquisition costs, other non-cash items, and other unusual or non-recurring charges. Adjusted EBITDA, net of incremental bonuses further adjusts Adjusted EBITDA by excluding incremental bonuses based on 2020 performance. None of EBITDA, Adjusted EBITDA or Adjusted EBITDA, net of incremental bonuses are presented in accordance with GAAP and are non-GAAP financial measures. We use EBITDA, Adjusted EBITDA and Adjusted EBITDA, net of incremental bonuses for operational and financial decision-making and believe these measures are useful in evaluating our performance because they eliminate certain items that we do not consider indicators of our operating performance. EBITDA, Adjusted EBITDA and Adjusted EBITDA, net of incremental bonuses are also used by many of our investors, securities analysts, and other interested parties in evaluating our operational and financial performance across reporting periods. We believe that the presentation of EBITDA, Adjusted EBITDA and Adjusted EBITDA, net of incremental bonuses provides useful information to investors by allowing an understanding of key measures that we use internally for operational decision-making, budgeting, evaluating acquisition targets, and assessing our operating performance. EBITDA, Adjusted EBITDA and Adjusted EBITDA, net of incremental bonuses are not recognized terms under GAAP and should not be considered as a substitute for net income (loss), cash flows from operating activities, or other income or cash flow statement data. These measures have limitations as analytical tools, and should not be considered in isolation or as substitutes for analysis of our results as reported under GAAP. We strongly encourage investors to review our financial statements and publicly filed reports in their entirety and not to rely on any single financial measure. Because non-GAAP financial measures are not standardized, same stores measures, EBITDA, Adjusted EBITDA and Adjusted EBITDA, net of incremental bonuses, as defined by us, may not be comparable to similarly titled measures reported by other companies. It therefore may not be possible to compare our use of these non-GAAP financial measures with those used by other companies. The following table contains a reconciliation of net income (loss) to EBITDA, Adjusted EBITDA and Adjusted EBITDA, net of incremental bonuses for the time periods presented: Reconciliation of Adjusted EBITDA and Adjusted EBITDA, net of incremental bonuses For the year ended December 31, For the three months ended December 31, 2020 2019 2020 2019 (in thousands)Net income (loss)$30,116 $(47,162) $(6,693) $(19,970)Interest and other financing expenses, net 50,428 41,812 21,003 9,197 Income tax (benefit) expense (1,499) 6,167 (6,670) 3,329 Depreciation and amortization 74,396 62,404 24,340 16,120 EBITDA 153,441 63,221 31,980 8,676 Non-cash rent expense (a) 7,051 7,582 1,876 1,889 Acquisition costs (b) 6,031 6,395 2,691 3,048 Gain on bargain purchase (c) — (406) — — Loss (gain) on disposal of assets and impairment charges (d) 6,060 (1,291) 495 (3,721)Share-based compensation expense (e) 1,891 516 1,504 162 Loss from equity investee (f) 1,269 507 834 109 Non-beneficial cost related to potential initial public offering of master limited partnership (g) — 121 — 121 Settlement of pension fund claim (h) — 226 — — Merchandising optimization costs (i) — 1,000 — 1,000 Fuel taxes paid in arrears (j) 819 — — — Other (k) (985) 288 (827) 354 Adjusted EBITDA$175,577 $78,159 $38,553 $11,638 Incremental bonuses (l) 7,815 — 2,029 — Adjusted EBITDA, net of incremental bonuses$183,392 $78,159 $40,582 $11,638 (a) Eliminates the non-cash portion of rent, which reflects the extent to which our GAAP rent expense recognized exceeds (or is less than) our cash rent payments. The GAAP rent expense adjustment can vary depending on the terms of our lease portfolio, which has been impacted by our recent acquisitions. For newer leases, our rent expense recognized typically exceeds our cash rent payments, while for more mature leases, rent expense recognized is typically less than our cash rent payments. (b) Eliminates costs incurred that are directly attributable to historical business acquisitions and salaries of employees whose primary job function is to execute our acquisition strategy and facilitate integration of acquired operations. (c) Eliminates the gain on bargain purchase recognized as a result of the Town Star acquisition in 2019 and E-Z Mart acquisition in 2018. (d) Eliminates the non-cash loss (gain) from the sale of property and equipment, the gain recognized upon the sale of related leased assets, including $6.0 million related to the sale of eight stores in 2019, and impairment charges on property and equipment and right-of-use assets related to closed and non-performing stores. (e) Eliminates non-cash share-based compensation expense related to the equity incentive program in place to incentivize, retain, and motivate our employees and officers. (f) Eliminates our share of loss attributable to our unconsolidated equity investment. (g) Eliminates non-beneficial cost related to potential initial public offering of master limited partnership. (h) Eliminates the impact of mainly timing differences related to amounts paid in settlement of a pension fund claim filed against GPM. (i) Eliminates the one-time expense associated with our global merchandising optimization efforts in 2019. (j) Eliminates the payment of historical fuel tax liabilities owed for multiple prior periods. (k) Eliminates other unusual or non-recurring items that we do not consider to be meaningful in assessing operating performance. (l) Eliminates incremental bonuses based on 2020 performance.

Is Arko Corp. (NASDAQ:ARKO) Worth US$9.9 Based On Its Intrinsic Value?
23 Mar, 2021 Yahoo! Finance

Does the March share price for Arko Corp. ( NASDAQ:ARKO ) reflect what it's really worth? Today, we will estimate the...

ARKO to Report Fourth Quarter and Full Year 2020 Financial Results on March 25, 2021
11 Mar, 2021 Yahoo! Finance

RICHMOND, Va., March 11, 2021 (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, 2020 on Thursday, March 25, 2021 before the markets open in the United States. The Company will host a conference call to discuss these results at 10:00 a.m. Eastern Time. Investors interested in participating in the live call can dial 877-605-1792 or 201-689-8728. A telephone replay will be available approximately two hours after the call concludes through April 8, 2021, by dialing 877-660-6853 or 201-612-7415 and entering confirmation code 13717487. There will also be a simultaneous, live webcast available on the Investor Relations section of the Company’s website at https://www.arkocorp.com/. The webcast will archived for 30 days. About ARKO Corp.: ARKO Corp. (Nasdaq: ARKO) owns 100% of GPM Investments, LLC (“GPM”). Based in Richmond, VA, GPM was founded in 2003 with 169 stores and has grown through acquisitions to become the 7th largest convenience store chain in the United States, with approximately 2,950 locations comprised of approximately 1,350 company-operated stores and approximately 1,600 dealer sites to which it supplies fuel in 33 states and Washington D.C. GPM operates in three segments: retail, which consists of fuel and merchandise sales to retail consumers; wholesale, which supplies fuel to third-party dealers and consignment agents; and GPM Petroleum, which supplies fuel to GPM and its subsidiaries selling fuel (both in the retail and wholesale segments) as well as sub-wholesalers and bulk purchasers. Its stores offer its fasREWARDS® high value loyalty program, a large selection of beverages, coffee, fountain drinks, candy, salty snacks, and many other products to meet the needs of the everyday customer. One feature, setting many of its convenience stores apart is a wide array of proprietary food offerings ranging from fresh chicken, fresh-made salads, and sandwiches to healthy, grab-and-go meals. Investor ContactChris Mandeville(203) 682-8200ARKO@icrinc.com

ARKO Corp.’s GPM Investments to Acquire ExpressStop Stores in Michigan and Ohio
08 Mar, 2021 Yahoo! Finance

Marks first acquisition since ARKO completed its transaction to trade on NASDAQ in December 2020RICHMOND, Va., March 08, 2021 (GLOBE NEWSWIRE) -- GPM Investments, LLC, a wholly owned subsidiary of ARKO Corp. (Nasdaq: ARKO), signed an agreement to acquire 61 convenience stores with gas stations in Michigan and Ohio operating under the ExpressStop banner. This acquisition will complement GPM’s existing 165 stores in Michigan and nine stores in Ohio. “Our model of growing through acquisition while keeping the local banners in place has delivered significant value for all of ARKO’s stakeholders,” said Arie Kotler, Chairman, President and Chief Executive Officer of ARKO. “Michigan and Ohio are important geographies for us, and we believe that ExpressStop is a highly regarded brand there. We look forward to welcoming those associates to the GPM family while providing ExpressStop customers with the same great quality products and services they’re used to.” As part of the deal, Fifth Third Securities acted as the exclusive financial advisor to ExpressStop. This acquisition will expand upon GPM’s existing network of 1,350 company-operated stores. The closing of the transaction is subject to fulfillment of customary closing conditions precedent, including obtaining all required permits and licenses. Subject to such conditions being fulfilled, the closing is planned to take place during the first half of 2021. To learn more about GPM stores, visit: www.gpminvestments.com. To learn more about ARKO, visit: www.arkocorp.com. About ARKO Corp.:Arko Corp. (Nasdaq: ARKO) owns 100% of GPM Investments, LLC (“GPM”). Based in Richmond, VA, GPM was founded in 2003 with 169 stores and has grown through acquisitions to become the 7th largest convenience store chain in the United States, with approximately 2,950 locations comprised of approximately 1,350 company-operated stores and approximately 1,600 dealer sites to which it supplies fuel in 33 states and Washington D.C. GPM operates in three segments: retail, which consists of fuel and merchandise sales to retail consumers; wholesale, which supplies fuel to third-party dealers and consignment agents; and GPM Petroleum, which supplies fuel to GPM and its subsidiaries selling fuel (both in the retail and wholesale segments) as well as sub-wholesalers and bulk purchasers. Its stores offer its fasREWARDS® high value loyalty program, a large selection of beverages, coffee, fountain drinks, candy, salty snacks, and many other products to meet the needs of the everyday customer. One feature, setting many of its convenience stores apart is a wide array of proprietary food offerings ranging from fresh chicken, fresh-made salads, and sandwiches to healthy, grab-and-go meals. Forward-Looking Statements: This document includes certain “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995. These forward-looking statements may address, among other things, our expected financial and operational results and the related assumptions underlying our expected results. These forward-looking statements are distinguished by use of words such as “anticipate,” “believe,” “continue,” “could,” “estimate,” “expect,” “intends,” “may,” “might,” “plan,” “possible,” “potential,” “predict,” “project,” “should,” “will,” “would” the negative of these terms, and similar references to future periods. These statements are based on management’s current expectations and are subject to uncertainty and changes in circumstances. Actual results may differ materially from these expectations due to, among other things, changes in economic, business and market conditions; our ability to maintain the listing of our common stock and warrants on the Nasdaq Stock Market; changes in our strategy, future operations, financial position, estimated revenues and losses, projected costs, prospects and plans; expansion plans and opportunities; changes in the markets in which we compete; changes in applicable laws or regulations, including those relating to environmental matters; market conditions and global and economic factors beyond our control, including the potential adverse effects of the ongoing global coronavirus (COVID-19) pandemic on capital markets, general economic conditions, unemployment and our liquidity, operations and personnel; and the outcome of any known or unknown litigation and regulatory proceedings. Detailed information about these factors and additional important factors can be found in the documents that ARKO files with the Securities and Exchange Commission, such as Form 10-K, Form 10-Q and Form 8-K. Forward-looking statements speak only as of the date the statements were made. ARKO assumes no obligation to update forward-looking information to reflect actual results, changes in assumptions or changes in other factors affecting forward-looking information, except as required by applicable law. Media ContactAndrew PetroMatter on behalf of ARKO (978) 518-4531apetro@matternow.com Investor ContactChris Mandeville(203) 682-8200ARKO@icrinc.com

ARKO Announces Participation in the Raymond James Institutional Investors Conference
23 Feb, 2021 Yahoo! Finance

RICHMOND, Va., Feb. 23, 2021 (GLOBE NEWSWIRE) -- ARKO Corp. (Nasdaq: ARKO) today announced that the Company is scheduled to present at the Raymond James Institutional Investors Conference on Tuesday, March 2, 2021, at 12:30 pm Eastern Time. The presentation will be webcast live over the internet and can be accessed at https://www.arkocorp.com/. A replay will be available for 30 days. About ARKO ARKO owns 100% of GPM Investments, LLC (“GPM”). Based in Richmond, VA, GPM was founded in 2003 with 169 stores and has grown through acquisitions to become the 7th largest convenience store chain in the United States, with approximately 2,950 locations comprised of approximately 1,350 company-operated stores and approximately 1,600 dealer sites to which it supplies fuel, in 33 states and Washington D.C. GPM operates in three segments: retail, which consists of fuel and merchandise sales to retail consumers; wholesale, which supplies fuel to third-party dealers and consignment agents; and GPM Petroleum, which supplies fuel to GPM and its subsidiaries selling fuel (both in the retail and wholesale segments) as well as sub-wholesalers and bulk purchasers. Investor ContactChris Mandeville(203) 682-8200ARKO@icrinc.com

Arko Corp (ARKOW) is a NASDAQ Common Stock listed in

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