Specialty Retail Industry | Consumer Cyclical Sector | Arie Kotler CEO | NASDAQ (CM) Exchange | 041242116 Cusip |
US Country | 11,772 Employees | - Last Dividend | - Last Split | - IPO Date |
Arko Corp., headquartered in Richmond, Virginia, is a prominent player in the convenience store market within the United States. The company's operations are divided into four main segments: Retail, Wholesale, Fleet Fueling, and GPMP (Growth in Perpetuity Management Program). Each of these segments plays a crucial role in delivering services across the board, from fuel and merchandise sales directly to retail consumers to the provision of fuel to third-party dealers, consignment agents, and for fleet fueling purposes. The diverse array of operations under Arko Corp.'s umbrella enables the company to cater to a wide range of customer needs in the convenience store and fuel supply domains.
This segment is focused on the direct sale of fuel and various merchandise items to retail customers. With convenience stores spread across numerous locations, Arko Corp. ensures easy access to everyday essentials, along with a variety of fuel options, to cater to the needs of the local population.
Arko Corp.'s Wholesale segment is instrumental in distributing fuel to third-party dealers and consignment agents. This provides a crucial service to those looking to resell fuel to the end consumers, positioning Arko as a key supplier in the wholesale market and facilitating the energy needs of diverse clientele.
Fleet Fueling services are catered to both proprietary and third-party cardlock operations, in addition to issuing proprietary fuel cards. This offering is tailored for businesses that operate vehicle fleets, providing them with efficient and convenient fueling options that help in managing the operational costs and logistics of running a fleet.
The Growth in Perpetuity Management Program (GPMP) is dedicated to supplying fuel to both the retail and wholesale segments of the business. This ensures a streamlined supply chain and consistent fuel availability for Arko Corp.'s operations, reinforcing the company's commitment to reliability and sustainability in fuel provision across its network.