ARKO Corp.

ARKO Corp. is a U.S. convenience-store and fuel retailer headquartered in Richmond, Virginia, with a business model built around selling fuel, packaged goods, foodservice items, and ancillary services through a large network of branded neighborhood stores. The company also operates a substantial wholesale fuel distribution platform, supplying dealer locations and cardlock sites, which complements its retail footprint and improves fuel purchasing scale. Its store network spans more than 30 states and the District of Columbia, making the business geographically diversified across multiple U.S. regions. ARKO’s recent strategy has emphasized converting some retail sites to dealer locations, upgrading stores, and expanding higher-margin foodservice and loyalty-driven traffic.

3,1 %

0,3 %

−12,5 %

1.66

1.22

— ARKO Corp.
%
Retail fuel and convenience stores78% Company-operated stores selling fuel, packaged goods, and convenience items to retail customers.
Foodservice8% Prepared foods, deli items, quick-service restaurant offerings, and grab-n-go meals inside stores.
Wholesale fuel distribution10% Fuel sold to dealer locations, cardlock sites, and other wholesale customers.
Ancillary in-store services3% Lottery, prepaid products, ATMs, money orders, gaming, gift cards, and similar services.
Car wash and EV charging1% Non-fuel traffic drivers and convenience-site add-ons at selected locations.

ARKO serves everyday convenience customers who buy fuel, snacks, beverages, tobacco, and prepared food during routine...

  • Retail convenience shoppersprimary

    Drivers and local shoppers buying fuel, snacks, beverages, tobacco, and everyday convenience items at company-operated stores.

  • Foodservice customersprimary

    Customers drawn by deli, roller grill, pizza, fried chicken, and other prepared foods that increase basket size and store traffic.

  • Wholesale fuel customersprimary

    Dealer locations, cardlock sites, and other fuel buyers that purchase fuel supply for resale or fleet use.

  • Loyalty memberssecondary

    fas REWARDS® users who buy more frequently because of exclusive pricing, points, and app-based offers.

  • Ancillary service userssecondary

    Customers using lottery, ATMs, money orders, gift cards, and similar services that add transaction traffic.

ARKO’s business is concentrated in the United States, where it operates in the District of Columbia and more than 30...

  • United States is the core operating market
  • Operations span the District of Columbia and more than 30 states
  • Presence across Mid-Atlantic, Midwest, Northeast, Southeast, and Southwest
  • Wholesale fuel and cardlock network extends across the U.S.
  • Regional competition and site density affect traffic and margins
  • Broad footprint helps diversify local demand shocks

ARKO’s near-term strategy centers on remodeling and updating stores, improving site quality, and expanding foodservice...

01
Store remodeling and new-format rolloutshort-term

Improves site quality, supports competitive positioning, and can lift traffic and margins in a fragmented convenience market.

02
Foodservice expansionmedium-term

Prepared food increases customer frequency and basket size and helps differentiate stores beyond fuel price competition.

03
Dealer conversion and wholesale growthmedium-term

Shifting some sites to dealer models can improve profitability and generate steadier cash flows while expanding wholesale volumes.

04
Loyalty and digital engagementshort-term

Loyalty tools help retain customers, personalize offers, and support fuel and merchandise sales in a price-sensitive category.

ARKO operates in a highly competitive and fragmented convenience-store and fuel market, where site location, fuel...

high

Intense competition in convenience retail and wholesale fuel

The company competes with large chains and local operators on price, location, access, and store quality, which can pressure traffic and margins.

Scope
Retail stores, wholesale fuel, and fleet fueling
Materiality
high
high

Economic slowdown and weaker consumer confidence

Convenience-store purchases and fuel demand are sensitive to discretionary spending and travel patterns.

Scope
Retail merchandise and prepared food sales
Materiality
high
high

Cybersecurity and IT-system disruption

ARKO relies on systems for fuel pricing, loyalty, payroll, accounting, and site operations; outages or breaches could interrupt sales and damage trust.

Scope
Loyalty program, payment systems, store operations
Materiality
high
high

Asset impairment and store performance risk

Underperforming sites, goodwill, and intangible assets may require impairment charges if cash flows or discount rates move unfavorably.

Scope
Retail reporting units and acquired assets
Materiality
high
medium

Environmental liabilities and sustainability compliance

Fuel retailing involves tank removal, site restoration, and evolving sustainability expectations that can increase costs and legal exposure.

Scope
Store sites, fuel infrastructure, remediation
Materiality
medium
Lease accounting and sale-leasebacks
Can change reported leverage and operating cost trends
Asset retirement obligations for fuel tanks
Affects liabilities and long-term expense recognition
Goodwill and long-lived asset impairment
Can produce significant non-cash charges if assumptions weaken
Fuel and merchandise revenue/cost timing
Affects comparability of quarterly revenue and gross margin

: 11/08/2026