ARKO Corp. Ranked at No. 460 on the Fortune 500 List of America’s Largest Companies
June 07 2023 - 9:30AM
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 for the second
consecutive year to the 2023 Fortune 500 list, which ranks the
largest companies by total revenue in the United States. ARKO
ranked at No. 460, moving up 38 places on the list from its debut
in 2022 at No. 498. The recognition is a clear indicator of the
company’s successful growth strategy.
“ARKO had an excellent year in 2022 and a strong start to 2023,
so being named to the Fortune 500 for the second consecutive year
once again confirms our position as a leader in the convenience
store industry,” said Arie Kotler, Chairman, President, and CEO of
ARKO Corp. “This is the result of ARKO’s unwavering commitment to
create value for our stockholders and underscores the success we
have achieved through strategic initiatives like enhancing our
loyalty program, expanding marketing and merchandising efforts, and
executing our long-term growth strategy through accretive
acquisitions.”
The company has successfully completed 24 acquisitions
since 2013. ARKO has grown from 300 stores
to approximately 3,700 locations 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,” “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 ContactAndrew PetroMatter on behalf of
ARKO(978) 518-4531apetro@matternow.com
Investor ContactRoss ParmanARKO
Corp.investors@gpminvestments.com
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