ARKO Q2 net income $14.5M, adjusted EBITDA $86.2M; same-store merch ex-cig +3.8%

ARKO Corp.

2023-Q2 EPS reported $0.07 revenue$-4,557,517,000

Net income $14.5M vs $31.8M YoY; increase in D&A from acquisitions and prior-year fair-value adjustments.
Adjusted EBITDA $86.2M (+9% YoY); merchandise margin improved 150 bps to 31.9%.
Closed WTG acquisition on June 6; retail gallons +15.9%, same-store gallons -2.6%.
Board increased share repurchase authorization from $50M to $100M; declared $0.03 dividend payable Sept 1.
Available financing >$2B; GPMP credit line renewed to $800M through 2028; Oak Street capacity $1.5B.

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 June 30, 2023 results: net income $14.5 million.

Period: the quarter ended June 30, 2023
Net income: $14.5 million
Result: reported results

Exact text from the filing

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 quarter ended June 30, 2023.

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Source: SEC EDGAR

accession 0000950170-23-039121

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