ARKO reports Q1 net loss $2.5M; same-store merchandise sales +3.8%

ARKO Corp.

2023-Q1 EPS reported -$0.03 revenue$-2,088,496,000

Operating income $9.0M vs $19.3M prior year; net loss $2.5M vs net income $2.3M prior year.
Same-store merchandise sales +3.8% (+7.6% ex-cigarettes); merchandise margin 30.7% (+120bps).
Adjusted EBITDA $47.5M, down $2.6M vs prior year.
Closed TEG acquisition (135 c-stores, 192 dealer sites) on March 1; WTG acquisition expected Q2 2023.
Declared $0.03 quarterly dividend, payable June 1 to holders of record May 19.

item 2.02 item 7.01 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.9

ARKO Corp. reported the quarter ended March 31, 2023 results: net income Net loss for the quarter was $2.5 million.

Period: the quarter ended March 31, 2023
Net income: Net loss for the quarter was $2.5 million
Result: reported results

Exact text from the filing

On May 8, 2023, ARKO Corp., a Delaware corporation (the “Company”), issued a press release announcing its financial results for the quarter ended March 31, 2023.

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Source: SEC EDGAR

accession 0000950170-23-018853

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