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ARKO Corp ( (ARKO) ) has issued an update.
ARKO Corp., a leading convenience store operator, reported a net income of $9.7 million for Q3 2024, a significant drop from $21.5 million the previous year. Adjusted EBITDA stood at $78.8 million, aligning with the company’s guidance. Despite challenges, ARKO saw a slight increase in retail fuel margin to 41.3 cents per gallon and merchandise margin rate to 32.8%. The company continues its transformation by converting stores to dealer sites, expecting an annualized income benefit of $15-20 million, while expanding with new store openings.
See more data about ARKO stock on TipRanks’ Stock Analysis page.