Arko Continues to Update Stores Under Conversion Plan

Arko Corp. today announced financial results for the first quarter ended March 31, 2026.

The company reported:

• Net loss for the quarter was $5.6 million compared to a net loss of $12.7 million in Q1 2025.
• Adjusted EBITDA for the quarter increased 65.1% to $50.9 million compared to $30.9 million in Q1 2025.
• Same-store merchandise sales, excluding cigarettes, increased approximately 0.4%, “representing the strongest ex-cigarette performance in two years.”
• Merchandise margin for the quarter increased to 33.9% compared to 33.2% in Q1 2025.
• Retail same store fuel margin for the quarter increased to 48.0 cents per gallon compared to 38.7 cents per gallon in Q1 2025, while same store fuel contribution increased approximately 20.1%.
• As part of the company’s ongoing transformation plan, the company converted 41 retail stores to dealer locations during the first quarter, bringing total conversions since program inception in 2024 to 450 sites.
• The company opened two new-to-industry (NTI) retail stores and one NTI cardlock location during the first quarter, and said it remains on track for three new Dunkin’ stores and one NTI retail store in 2026, continuing to target 20 NTI cardlock openings in 2026, and continuing to plan for approximately 25 remodels.

 Arko also relaunched its loyalty app on a new technology platform during the quarter and said it continues to advance customer engagement initiatives, including Fueling America’s Future, fas REWARDS, the $10 enrollment campaign and 100 Days of Summer.

“Our first quarter results reflect both strong execution and the structural progress we have been making across the business,” said Arie Kotler, chairman, president and chief executive officer of Arko. “Adjusted EBITDA increased approximately 65% year-over-year, same-store merchandise sales excluding cigarettes returned to growth, and same-store fuel gallon performance was the strongest we have seen in two years. While weather disruptions negatively affected January and early February results, trends improved as the quarter progressed, and March performance was particularly strong. We believe these results reflect the work we have been doing across dealerization, loyalty, fuel pricing, merchandising and cost discipline, while also demonstrating our ability to deliver value in a consumer environment that remains economically pressured and value-focused.”

In February, Arko’s subsidiary, Arko Petroleum Corp. (“APC”), launched  an initial public offering (“IPO”) of 11,111,111 shares of its Class A common stock, sold at $18.00 per share. Arko said the total net proceeds from the offering were approximately $183.2 million.