Latest news with #Arko
Korea Herald
22-05-2025
- Entertainment
- Korea Herald
Arko, Getty forge partnership to exchange research programs
Partnership comes ahead of 100th birthday of late artist Paik Nam-june in 2032 Arts Council Korea, a national institution dedicated to promoting arts and culture, and Getty Research Institute, a US-based center for historical art research, conservation and scholarship, announced partnership on Thursday to collaborate on art history research, exchanging research projects and scholars. The announcement was made ahead of the 100th anniversary of the birth of Korean-born video artist Paik Nam-june in 2032, according to Arko. Starting from fall 2025, a delegation of Arko staff members will visit Getty to learn about their archival holdings, research projects and history of international exchange. Getty staff will pay a reciprocal visit to Arko and the Nam June Paik Art Center in Yongin, Gyeonggi Province, to discuss their next steps, according to Getty Research Institute. 'The Arts Council Korea will put forward full efforts to function as a foothold for Korean art to be heralded globally with diverse international partnerships,' said Choung Byoung-gug, chairperson of Arko, Thursday. Arko will fund a pilot program in 2026 for Korean guest researchers to embark on a summer residency at Getty to explore the topic of Paik with a focus on his connections with a wider international circle of artists and his legacy in contemporary art. 'Fluxus was an absolutely seminal moment in Paik's career. We have one of the largest collections in the world of Fluxus art, and it came through the first collector of Fluxus art, named Jean Brown. We also have the archive of David Tutor, who was a frequent collaborator with avant-garde, and he was John Cage's closest collaborator,' Andrew Perchuk, deputy director of the Getty Research Institute, told The Korea Herald. Arko is a public institute under the Ministry of Culture, Sports and Tourism. It operates arts platforms including the Arko Art Center and participates in the Korean Pavilion for the Venice Biennale. Getty Research Institute in Los Angeles is a leading international center with special collections and an array of programs. It forged its first official collaboration with a Korean institution, the National Research Institute of Cultural Heritage, in 2024.
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
06-03-2025
- Business
- Yahoo
Only Three Days Left To Cash In On Arko's (NASDAQ:ARKO) Dividend
Arko Corp. (NASDAQ:ARKO) stock is about to trade ex-dividend in 3 days. The ex-dividend date occurs one day before the record date, which is the day on which shareholders need to be on the company's books in order to receive a dividend. The ex-dividend date is important as the process of settlement involves a full business day. So if you miss that date, you would not show up on the company's books on the record date. This means that investors who purchase Arko's shares on or after the 10th of March will not receive the dividend, which will be paid on the 21st of March. The company's next dividend payment will be US$0.03 per share, and in the last 12 months, the company paid a total of US$0.12 per share. Calculating the last year's worth of payments shows that Arko has a trailing yield of 2.8% on the current share price of US$4.25. We love seeing companies pay a dividend, but it's also important to be sure that laying the golden eggs isn't going to kill our golden goose! We need to see whether the dividend is covered by earnings and if it's growing. Check out our latest analysis for Arko Dividends are usually paid out of company profits, so if a company pays out more than it earned then its dividend is usually at greater risk of being cut. Last year Arko paid out 92% of its profits as dividends to shareholders, suggesting the dividend is not well covered by earnings. That said, even highly profitable companies sometimes might not generate enough cash to pay the dividend, which is why we should always check if the dividend is covered by cash flow. What's good is that dividends were well covered by free cash flow, with the company paying out 18% of its cash flow last year. It's good to see that while Arko's dividends were not well covered by profits, at least they are affordable from a cash perspective. Still, if the company continues paying out such a high percentage of its profits, the dividend could be at risk if business turns sour. Click here to see the company's payout ratio, plus analyst estimates of its future dividends. Companies with consistently growing earnings per share generally make the best dividend stocks, as they usually find it easier to grow dividends per share. If earnings decline and the company is forced to cut its dividend, investors could watch the value of their investment go up in smoke. That's why it's comforting to see Arko's earnings have been skyrocketing, up 33% per annum for the past five years. Many investors will assess a company's dividend performance by evaluating how much the dividend payments have changed over time. Arko has delivered 14% dividend growth per year on average over the past three years. It's great to see earnings per share growing rapidly over several years, and dividends per share growing right along with it. From a dividend perspective, should investors buy or avoid Arko? It's good to see earnings per share growing and low cashflow payout ratio, although we're uncomfortable with Arko's paying out such a high percentage of its profit. In summary, it's hard to get excited about Arko from a dividend perspective. So while Arko looks good from a dividend perspective, it's always worthwhile being up to date with the risks involved in this stock. Our analysis shows 5 warning signs for Arko and you should be aware of them before buying any shares. A common investing mistake is buying the first interesting stock you see. Here you can find a full list of high-yield dividend stocks. Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team (at) article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.
Yahoo
02-03-2025
- Business
- Yahoo
Arko (NASDAQ:ARKO) Has Announced A Dividend Of $0.03
The board of Arko Corp. (NASDAQ:ARKO) has announced that it will pay a dividend of $0.03 per share on the 21st of March. Based on this payment, the dividend yield on the company's stock will be 2.7%, which is an attractive boost to shareholder returns. While the dividend yield is important for income investors, it is also important to consider any large share price moves, as this will generally outweigh any gains from distributions. Arko's stock price has reduced by 37% in the last 3 months, which is not ideal for investors and can explain a sharp increase in the dividend yield. See our latest analysis for Arko A big dividend yield for a few years doesn't mean much if it can't be sustained. Prior to this announcement, Arko's dividend made up quite a large proportion of earnings but only 13% of free cash flows. In general, cash flows are more important than earnings, so we are comfortable that the dividend will be sustainable going forward, especially with so much cash left over for reinvestment. Earnings per share is forecast to rise by 9.7% over the next year. If the dividend continues along recent trends, we estimate the payout ratio could reach 84%, which is on the higher side, but certainly still feasible. The dividend hasn't seen any major cuts in the past, but the company has only been paying a dividend for 3 years, which isn't that long in the grand scheme of things. The dividend has gone from an annual total of $0.08 in 2022 to the most recent total annual payment of $0.12. This implies that the company grew its distributions at a yearly rate of about 14% over that duration. The dividend has been growing rapidly, however with such a short payment history we can't know for sure if payment can continue to grow over the long term, so caution may be warranted. Some investors will be chomping at the bit to buy some of the company's stock based on its dividend history. We are encouraged to see that Arko has grown earnings per share at 33% per year over the past five years. Fast growing earnings are great, but this can rarely be sustained without some reinvestment into the business, which Arko hasn't been doing. Overall, it's nice to see a consistent dividend payment, but we think that longer term, the current level of payment might be unsustainable. The payments haven't been particularly stable and we don't see huge growth potential, but with the dividend well covered by cash flows it could prove to be reliable over the short term. We would be a touch cautious of relying on this stock primarily for the dividend income. Companies possessing a stable dividend policy will likely enjoy greater investor interest than those suffering from a more inconsistent approach. Still, investors need to consider a host of other factors, apart from dividend payments, when analysing a company. Taking the debate a bit further, we've identified 5 warning signs for Arko that investors need to be conscious of moving forward. Looking for more high-yielding dividend ideas? Try our collection of strong dividend payers. Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team (at) article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned. Sign in to access your portfolio
Yahoo
28-02-2025
- Business
- Yahoo
Arko Full Year 2024 Earnings: Misses Expectations
Revenue: US$8.73b (down 7.2% from FY 2023). Net income: US$20.8m (down 27% from FY 2023). Profit margin: 0.2% (down from 0.3% in FY 2023). The decrease in margin was driven by lower revenue. EPS: US$0.18 (down from US$0.24 in FY 2023). All figures shown in the chart above are for the trailing 12 month (TTM) period Revenue missed analyst estimates by 1.6%. Earnings per share (EPS) also missed analyst estimates by 22%. Looking ahead, revenue is expected to decline by 2.9% p.a. on average during the next 3 years, while revenues in the Specialty Retail industry in the US are expected to grow by 5.1%. Performance of the American Specialty Retail industry. The company's shares are down 42% from a week ago. You should always think about risks. Case in point, we've spotted 2 warning signs for Arko you should be aware of, and 1 of them doesn't sit too well with us. Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team (at) article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned. Sign in to access your portfolio
