ARKO Q4 net income falls to $1.1M from $12.9M; full year $34.6M vs $72.0M

ARKO Corp.

2023-FY EPS reported $0.24 revenue$9,412,731,000

Net income Q4: $1.1M vs $12.9M prior year; full year $34.6M vs $72.0M.
Adjusted EBITDA Q4 $65.5M (down from $72.4M); full year $290.4M (down from $301.1M).
Merchandise revenue up 11% to $446.7M in Q4; merchandise margin expanded 240 bps to 32.9%.
Retail fuel contribution up 4.8% in Q4 to $109.3M; same store fuel gallons down 7.5%.
Board declared $0.03 quarterly dividend payable March 21, 2024; launched pizza program in Jan 2024.

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 fourth quarter and year ended December 31, 2023 results: revenue $1.84 billion, net income $34.6 million.

Period: fourth quarter and year ended December 31, 2023
Revenue: $1.84 billion
Net income: $34.6 million
Result: reported results

Exact text from the filing

2022. • Merchandise revenue for the fourth quarter of 2023 was $446.7 million, an increase of $43.6 million compared to the prior year period. Merchandise revenue for 2023 was $1.84 billion, an increase of $190.4 million compared to 2022. • Merchandise contribution increased by $24.0 million for the fourth quarter of 2023, or 19.6%, and increased by $83.9 million

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Source: SEC EDGAR

accession 0000950170-24-021331

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