ARKO reports Q3 net income $21.5M, adjusted EBITDA $91.2M; declares $0.03 dividend

ARKO Corp.

2023-Q3 EPS reported $0.24 revenue$7,179,571,000

Net income of $21.5M vs $25.0M in Q3 2022; adjusted EBITDA $91.2M vs $99.5M.
Merchandise margin expanded ~50 bps to 31.7%; same store merchandise sales up 0.1% (+1.0% ex-cigarettes).
Total retail gallons increased 14.8% YoY; retail fuel margin 40.3 CPG vs 44.8 CPG in Q3 2022.
Board declared $0.03/share quarterly dividend, payable Dec 1, 2023 to holders of record Nov 17, 2023.
Closed 25th acquisition; liquidity >$2B for future acquisitions; added 365k+ loyalty members in Q3.

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 0.95

ARKO Corp. reported the quarter ended September 30, 2023 results: net income $21.5 million.

Period: the quarter ended September 30, 2023
Net income: $21.5 million
Result: reported results

Exact text from the filing

Net income for the quarter was $21.5 million, compared to $25.0 million for the prior year quarter.

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Source: SEC EDGAR

accession 0000950170-23-059446

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