Latest news with #ArieKotler
Globe and Mail
5 hours ago
- Business
- Globe and Mail
ARKO Corp. Announces Departure of Chief Financial Officer Robb Giammatteo
RICHMOND, Va., Aug. 18, 2025 (GLOBE NEWSWIRE) -- ARKO Corp. (Nasdaq: ARKO) (the 'Company'), a Fortune 500 company and one of the largest convenience store operators in the United States, today announced that Chief Financial Officer ('CFO') Robb Giammatteo will depart the Company to pursue a new opportunity outside the convenience store sector. 'Robb has played an important role in advancing our transformation plan and strengthening ARKO's finance department,' said Arie Kotler, Chairman, President, and Chief Executive Officer. 'His operational discipline and collaborative leadership have helped position ARKO for long-term success. On behalf of the Board and our entire team, I extend our sincere thanks to Robb for his many contributions and wish him continued success in this next chapter.' Reflecting on his tenure, Mr. Giammatteo added, 'It has been an honor to work alongside such a talented and committed team at ARKO. Leading the finance team through this period of transformation has been a privilege and deeply fulfilling. I am proud of what we have achieved together and I am excited to watch ARKO continue to advance its transformation plan as a shareholder.' Mr. Giammatteo will continue to serve as ARKO's CFO through October 10, 2025, to oversee his current responsibilities and ensure an orderly transition. 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. 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; 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; and GPM Petroleum, which sells and supplies fuel to our retail and wholesale sites and charges a fixed fee, primarily to our fleet fueling sites. To learn more about GPM stores, visit: To learn more about ARKO, visit: Company Contact Jordan Mann ARKO Corp. investors@ Investor Contact Sean Mansouri, CFA Elevate IR (720) 330-2829
Yahoo
6 hours ago
- Business
- Yahoo
ARKO Corp. Announces Departure of Chief Financial Officer Robb Giammatteo
RICHMOND, Va., Aug. 18, 2025 (GLOBE NEWSWIRE) -- ARKO Corp. (Nasdaq: ARKO) (the 'Company'), a Fortune 500 company and one of the largest convenience store operators in the United States, today announced that Chief Financial Officer ('CFO') Robb Giammatteo will depart the Company to pursue a new opportunity outside the convenience store sector. 'Robb has played an important role in advancing our transformation plan and strengthening ARKO's finance department,' said Arie Kotler, Chairman, President, and Chief Executive Officer. 'His operational discipline and collaborative leadership have helped position ARKO for long-term success. On behalf of the Board and our entire team, I extend our sincere thanks to Robb for his many contributions and wish him continued success in this next chapter.' Reflecting on his tenure, Mr. Giammatteo added, 'It has been an honor to work alongside such a talented and committed team at ARKO. Leading the finance team through this period of transformation has been a privilege and deeply fulfilling. I am proud of what we have achieved together and I am excited to watch ARKO continue to advance its transformation plan as a shareholder.' Mr. Giammatteo will continue to serve as ARKO's CFO through October 10, 2025, to oversee his current responsibilities and ensure an orderly transition. 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. 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; 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; and GPM Petroleum, which sells and supplies fuel to our retail and wholesale sites and charges a fixed fee, primarily to our fleet fueling sites. To learn more about GPM stores, visit: To learn more about ARKO, visit: Company ContactJordan MannARKO Investor ContactSean Mansouri, CFAElevate IR(720) 330-2829ARKO@ in to access your portfolio
Yahoo
05-08-2025
- Business
- Yahoo
ARKO Corp. Opens New Handy Mart Store in Kinston, NC with New fas craves Food Concept
RICHMOND, Va., Aug. 05, 2025 (GLOBE NEWSWIRE) -- ARKO Corp. (Nasdaq: ARKO), a Fortune 500 company and one of the largest convenience store operators in the United States, proudly announces the opening of its new Handy Mart location in Kinston, North Carolina, located at 2227 Highway 11N, featuring its new fas craves branding and menu offering. This site is a New-to-Industry (NTI) build and is among the first to feature ARKO's innovative food-forward concept, fas craves. This new store is centered around a crave-worthy menu of hot and cold grab-n-go items designed for today's busy consumer. Whether it's a quick breakfast, a convenient lunch, or an afternoon snack, fas craves offers delicious, satisfying options throughout the day. The fas craves menu includes Hot and Cold Grab-n-Go, Roller Grill, Bakery, and expanded Dispensed Beverages, with standout items like crispy chicken biscuits, zesty potato wedges, mozzarella sticks, jumbo chicken wings, the Ultimate Chicken Tender, Tyson® chicken sandwiches, and Pub burgers. Beverage choices include nitro cold brew, bean-to-cup fresh hot and iced coffee, iced teas, lemonades, Frazil Slush, and Café Tango frozen coffee. 'This new to industry store opening and continued rollout of fas craves represent our commitment to transforming the convenience experience,' said Arie Kotler, President & CEO at ARKO Corp. 'We are excited to bring this food-first concept to the Kinston community, where we're offering not just convenience, but quality and innovation.' The Kinston store officially opened its doors on July 31, 2025, with a grand opening celebration planned for September 17–30. The store's modern layout includes customer-driven design features such as digital menu boards, a contemporary interior, and an easy-to-navigate shopping experience. To celebrate the opening, customers can enjoy exclusive fas craves food deals, including two Ultimate Chicken Tenders and a small side of potato wedges for just $4.99, and any fountain drink, tea, or lemonade for only 99 cents. This NTI build marks a continued expansion of the fas craves concept, allowing more communities to enjoy a reimagined convenience experience focused on bold flavors and modern convenience. While enjoying the new delicious food and beverage menu, customers can also take advantage of the exciting Fueling America's Future promotion—saving up to $2 off per gallon of gas by enrolling in the fas REWARDS® loyalty program, purchasing participating products, and entering their phone number at the pump to watch the savings add up!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. 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; 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; and GPM Petroleum, which sells and supplies fuel to our retail and wholesale sites and charges a fixed fee, primarily to our fleet fueling sites. To learn more about GPM stores, visit: To learn more about ARKO, visit: 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 'accretive,' '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; the success of the Company's transformation plan, including the dealerization of retail stores; 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 Contact Jordan Mann ARKO Corp. investors@ Investor Contact Sean Mansouri, CFA Elevate IR (720) 330-2829 ARKO@ Photos accompanying this announcement are available at in to access your portfolio
Yahoo
17-05-2025
- Business
- Yahoo
3 Big Numbers: Taking a closer look at new store designs
This story was originally published on C-Store Dive. To receive daily news and insights, subscribe to our free daily C-Store Dive newsletter. 3 Big Numbers is a weekly column that looks at a few key details from around the c-store industry. Convenience retailers regularly innovate their store designs. From 7-Eleven planning to implement a new food-forward format at hundreds of stores to local operators that tailor their corner stores to what the neighborhood needs, upgrading both the look and offer inside helps keep up with customer expectations and turn stores into destinations. In this week's '3 Big Numbers,' we look at the investment Arko Corp. is making in a food-focused format, the size of Kent Kwik's latest location and the operational impact of Murphy USA's updated store design. The upper end of what Arko is spending on its new locations. Arko has been teasing its new food-focused convenience stores since last summer. In its latest earnings report, leaders shared that construction on the first of these seven sites has now begun. These locations will feature Arko's new proprietary foodservice program, Fas Craves, which will include hot and cold grab-and-go foods, baked goods, pizza, roller grill dogs and other fresh-prepared items, Chairman, President and CEO Arie Kotler said during the company's earnings call last week. Arko isn't skimping on these projects. The company expects to spend between $700,000 and $1.1 million on renovating the sites to accommodate Fas Craves, Kotler noted in the call. The square footage of Kent Kwik's upcoming food-focused store. Kent Kwik, which is owned by The Kent Companies, is testing out a new food-focused format, with its latest iteration expected to open next month, according to its website. The location, which is being built in Midland, Texas, will feature a 6,200-square-foot store and a made-to-order kitchen. The site has more to offer than just food. It will also have a drive-thru, the company's second-ever Kent Dog Wash and a two-bay car wash, according to Kent Kwik's website. Local reporting even notes that a Kent Lube Fast Oil Change Center will be coming to the site. The difference in merchandise margin between Murphy USA's new and old designs. Murphy USA has been operating its new stores in some markets for a while. Anyone interested can even take a peek inside via our coverage of its recently remodeled site near El Paso, Texas. But thanks to a recent earnings call, we can also look inside the books for these stores, too. According to company data, these revamped designs outperform older stores both inside and out. In the forecourt, stores with the new design are seeing about 20% more fuel gallons sold, CFO Gallagher Jeff said during the call. The difference is even more stark inside, with a roughly 40% increase in merchandise margins. 'These new stores are driving value and winning new customers, which is while we're aggressively working on our new store pipeline,' said Jeff. Recommended Reading Murphy USA's new store design was the star of Q1
Yahoo
11-02-2025
- Business
- Yahoo
ARKO Corp. Unveils ‘Fueling America's Future' Campaign with fas REWARDS®, Slashing Gas Prices Nationwide
The first-of-its-kind fuel discount program offers drivers nationwide up to $2 off per gallon of gas or $40 in savings per fill up at any ARKO location RICHMOND, Va., Feb. 11, 2025 (GLOBE NEWSWIRE) -- ARKO Corp. (Nasdaq: ARKO) ('ARKO' or the 'Company'), a Fortune 500 company and one of the largest convenience store operators in the United States, and its subsidiary GPM Investments, today has launched its 'Fueling America's Future' campaign, offering customers significant savings at the pump with the long-term goal of slashing gas prices in America. This promotion, which has never been done by any gas station nationwide, can save consumers up to $40 per fill up through the ability to stack discounts earned through qualifying purchases for anyone enrolled in the Company's free loyalty program, fas REWARDS®. This campaign is built on the belief that we must do more to address the needs of working Americans, particularly in mitigating the substantial expense of fuel. With thousands of convenience stores and QSR destinations, ARKO has helped lower costs for everyday essentials, from groceries to fuel, through ongoing promotions and value-driven discounts. In 2025, the Company will prioritize price cuts at the pump in its promotions to do its part in fueling America's future. 'Gas prices are high, and our customers feel it every time they fill up. It's putting a strain on families, small businesses, and household budgets,' said Arie Kotler, Chairman, President, and Chief Executive Officer of ARKO. 'We're in a moment of renewed economic awareness, where businesses have a responsibility to support working Americans. Fueling America's Future is our way of stepping up, helping to ease that burden, and providing meaningful savings at the pump.' Fas REWARDS® members are eligible for fuel savings by buying qualifying items and receiving cents off fuel rewards that will go into their "virtual wallet." These rewards can be stacked, allowing customers to accumulate up to $2 off per gallon subject to state restrictions. In addition, they'll earn points on qualifying purchases, which can also be redeemed for fuel discounts. This unique offer helps fas REWARDS® members save money at the pump and lower their everyday expenses. 'Fueling America's Future demonstrates how customer-driven solutions can help lower costs for families, ultimately strengthening the national economy,' continued Kotler. 'By reducing fuel prices, we're putting more money back into consumer pockets and supporting local communities so they can free up spending on other essential goods.' The above-mentioned promotions are available to enrolled loyalty members across ARKO's more than 1,350 branded retail stores, including fas mart®, E-Z mart®, Scotchman®, Roadrunner Markets, fastmarket®, village pantry®, Handy Mart and Pride retail stores. As of 2024, the fas REWARDS® program has approximately 2.3 million enrolled members. Download the free app today to begin saving with better deals. To learn more, visit: About 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, we operate A Family of Community Brands that offer 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: To learn more about ARKO, visit: Forward-Looking StatementsThis 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, ARKO'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; ARKO'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 ARKO 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. ARKO does not undertake an obligation to update forward-looking information, except to the extent required by applicable law. A photo accompanying this announcement is available at CONTACT: Media Contact 5W Public Relations arko@ Investor Contact Jordan Mann ARKO Corp. investors@ in to access your portfolio
