Arko Focuses on Expanding fas craves Food Concept

By Noelle Riddle

Arko Corp. today announced its financial results for the third quarter ended September 30, 2026. The retailer reported third quarter and 2026 key highlights:

• Net income for the quarter was $14.3 million compared to $13.5 million for the prior year period, and net income for the nine months ended September 30, 2026, was $18.1 million compared to $20.9 million for the prior year period.
• Adjusted EBITDA for the quarter was $75.7 million, compared to $75.2 million for the prior year period. Adjusted EBITDA for the nine months ended September 30, 2026 increased 8.5% to $198.6 million, compared to $183.0 million for the prior year period.
• Merchandise margin increased 110 basis points to 34.8% from 33.7% in the prior year quarter, marking the 12^th consecutive quarter of year-over-year merchandise margin improvement.
• It raised its lower end of the full year 2026 Adjusted EBITDA guidance and now expects 2026 Adjusted EBITDA to be in the range of $250 million to $265 million.

For the third quarter of 2026, the company said it continued execution of its transformation plan, including converting 17 retail stores to dealer locations during the quarter, bringing total conversions to 488 since the dealerization program began in 2024. The company has an aggregate of approximately 55 additional sites committed under letter of intent, under contract or already converted since quarter end. The company said it expects to continue to convert a meaningful number of additional stores and expects to be largely complete by the end of 2027.

• The company continues to focus on its fas craves food and beverage offer. In 2026, the company expects to complete more than 25 store remodels, of which 11 have been completed to date, all of which feature the fas craves food and beverage concept.
• The company also opened five new fleet fueling locations in the first nine months of 2026 and two locations were added in October 2026. Currently, the company has an additional 16 locations in various stages of planning and development.

On August 4, the company’s subsidiary Arko Petroleum Corp., entered into an asset purchase agreement to acquire the business of U.S. Petroleum Partners, LLC, a “strategic transaction that is expected to meaningfully expand APC’s scale and infrastructure and reflects the disciplined execution of the growth strategy outlined at the time of its initial public offering.”