ARKO Corp. Named to Fortune 500 List for Third Consecutive Year
11 Juni 2024 - 2:00PM
ARKO Corp. (Nasdaq: ARKO) (“ARKO” or the “Company”), one of
the largest convenience store operators and fuel wholesalers in the
United States, today announced it was named to the 2024 Fortune 500
list for the third consecutive year. The yearly ranking highlights
companies based on total revenue in the United States. ARKO ranked
at No. 453, moving up 7 places on the list from its ranking in 2023
and 45 places from its 2022 debut at No. 498.
“This achievement reflects the hard work and dedication of our
entire team, as well as our commitment to strategic growth and
operational excellence,” said Arie Kotler, Chairman, President, and
CEO of ARKO Corp. “We are pleased with the growth we have seen,
which is a testament to the strength of our business model and our
relentless focus on delivering value to our customers, employees,
and shareholders. As we expand our footprint and enhance our
offerings, we remain dedicated to driving further success and
innovation in the convenience store industry."
Inclusion on the Fortune 500® is based on total revenue for
respective fiscal years. Eligible businesses include
U.S.-incorporated private companies and cooperatives that file
financial statements with government agencies, along with mutual
insurance companies that file with state regulators.
In 2023, the company acquired approximately 160 convenience
stores, expanding its footprint into Alabama and Mississippi. Since
its founding in 2003, ARKO has grown from 300 stores
to nearly 3,700 locations. Today, the company is
comprised of approximately 1,550 company-operated stores, more
than 1,800 independent dealer sites to which it supplies fuel,
and approximately 300 unmanned fleet fueling locations.
Learn more about ARKO Corp. and its family of community of
brands here.
About ARKO Corp.
ARKO Corp. (Nasdaq: ARKO) is a Fortune 500 company that owns
100% of GPM Investments, LLC and is one of the largest operators of
convenience stores and wholesalers of fuel in the United States.
Based in Richmond, VA, our highly recognizable family of community
brands offers delicious, prepared foods, beer, snacks, candy, hot
and cold beverages, and multiple popular quick serve restaurant
brands. Our high value fas REWARDS® loyalty program offers
exclusive savings on merchandise and gas. We operate in four
reportable segments: retail, which includes convenience stores
selling merchandise and fuel products to retail customers;
wholesale, which supplies fuel to independent dealers and
consignment agents; GPM Petroleum, which sells and supplies fuel to
our retail and wholesale sites and charges a fixed fee, primarily
to our fleet fueling sites; and fleet fueling, which includes the
operation of proprietary and third-party cardlock locations, and
issuance of proprietary fuel cards that provide customers access to
a nationwide network of fueling sites. To learn more about GPM
stores, visit: www.gpminvestments.com. To learn more about ARKO,
visit: www.arkocorp.com
Forward-Looking Statements
This document includes certain “forward-looking statements”
within the meaning of the Private Securities Litigation Reform Act
of 1995. These forward-looking statements may address, among other
things, the Company’s expected financial and operational results
and the related assumptions underlying its expected results. These
forward-looking statements are distinguished by use of words such
as “anticipate,” “aim,” “believe,” “continue,” “could,” “estimate,”
“expect,” “guidance,” “intends,” “may,” “might,” “plan,”
“possible,” “potential,” “predict,” “project,” “should,” “will,”
“would” and the negative of these terms, and similar references to
future periods. These statements are based on management’s current
expectations and are subject to uncertainty and changes in
circumstances. Actual results may differ materially from these
expectations due to, among other things, changes in economic,
business and market conditions; the Company’s ability to maintain
the listing of its common stock and warrants on the Nasdaq Stock
Market; changes in its strategy, future operations, financial
position, estimated revenues and losses, projected costs, prospects
and plans; expansion plans and opportunities; changes in the
markets in which it competes; changes in applicable laws or
regulations, including those relating to environmental matters;
market conditions and global and economic factors beyond its
control; and the outcome of any known or unknown litigation and
regulatory proceedings. Detailed information about these factors
and additional important factors can be found in the documents that
the Company files with the Securities and Exchange Commission, such
as Form 10-K, Form 10-Q and Form 8-K. Forward-looking statements
speak only as of the date the statements were made. The Company
does not undertake an obligation to update forward-looking
information, except to the extent required by applicable law.
Media Contactarko@5wpr.com
Investor ContactJordan MannARKO
Corp.investors@gpminvestments.com
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