On this page of StockholderLetter.com we present the latest annual shareholder letter from ARKO Corp. — ticker symbol ARKO. Reading current and past ARKO letters to shareholders can bring important insights into the investment thesis.

A LETTER FROM THE CHAIRMAN, PRESIDENT & CEO
    1  
 1      
    311
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A LETTER FROM THE CHAIRMAN, PRESIDENT & CEO
        1
1   1           15 
 26
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A LETTER FROM THE CHAIRMAN, PRESIDENT & CEO
   1     
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 • shareholder letter icon 4/24/2025 Letter Continued (Full PDF)
 • stockholder letter icon 4/27/2023 ARKO Stockholder Letter
 • stockholder letter icon 4/19/2024 ARKO Stockholder Letter
 • stockholder letter icon 4/22/2024 ARKO Stockholder Letter
 • stockholder letter icon More "Grocery & Drug Stores" Category Stockholder Letters
 • Benford's Law Stocks icon ARKO Benford's Law Stock Score = 85


ARKO Shareholder/Stockholder Letter Transcript:



A LETTER FROM THE CHAIRMAN, PRESIDENT & CEO
    1  
 1      
    311
0000
/-/16  $   6 
!&  $6" (!&  6+  $6 !$6    86   6 6)!'  6    6&!6$     &6! 6!'$6     (    &%6   6
&  6 !'   & ! 6) 6  ( 6 ! &  '  6&!6 '   6 !$6 !  :& $ 6%'   %%766 $! 6)!$    6&!) $ %6
!"&   ,   6!'$6$ &   6"!$& !  !86&!6 *"      6 !! % $(   6!   $   %6   6         6!'$6 '%&!  $6
 !+  &+6"$! $  86) 6 ! '%  6!'$6%&$ &    6   &  & ( %6  6/-/16! 6 $ (   6 !  :& $ 6 $!)& 6   6
    ( $   6 $  & $6(  ' 6&!6!'$6 '%&!  $%6   6%&!   !   $%766  %" & 6 6 +     6   $!  ! !   6
  ( $!    &6   $  & $ ,  6 +6     & !  $+6"$ %%'$ 86) 6$       6%&     %&6  6 *  '&   6!'$6
%&$ &    6"$ !$ &  %76 %6" $&6! 6 6 ' & :+  $6&$  % !$  & ! 6"   86) 6  ( 6    6  ( $     6!'$6
'  #' 6 ' & :%     &6!" $ &   6 !   6   6  & (  +6 ! ( $&   6  $&   6 ! "  +:!" $ &  6$ &   6
%&!$ %6) &   6!'$6$ &   6%     &6  &!6     $6% & %6) &   6!'$6) !  %   6%     &76   %6      6
!"&   , & ! 6%&$ &  +6 %6  %     6&!6       6"$!  &     &+6   6      6'%6&!6  && $6& $  &6  " &  
  ( %&   &6  6!'$6$        6$ &   6%&!$ %86 %6) 6  "     &6!'$6  $  &   6   6  $      %   6
   &  & ( %6   6 '   6 !$6&  6 '&'$ 7
   6  (       &6! 6!'$6   &  & ( %6 %6"!%%    6!  +6) & 6&  6$    &  %%6      & ! 6   6   !$&6! 6
    6  " !+  %76 '$6)!$  :   %%6&   6  %6 6"$!(  6&$   6$  !$ 6! 6  %  "     6 *  '& ! 6  6!'$6
!" $ & ! %6   6 !%& $   6%&$!  6 '%&!  $6$   & ! %  "%76    $6 !   &   &6&!6!" $ & !   6
 *        6  %6       6'%6&!6 ! &  '!'% +6   &6&  6    %6! 6!'$6 '%&!  $%6   6   6  "!$&  &6
(  ' 6&!6&   $6 ( $+  +6  ( %76
 %6) 6 ! '%6! 6/-/286) 6$     6  & $     6&!6    ( $6(  ' 6&!6!'$6%&!   !   $%6& $!'  6
  ( $     6!'$6 ' & :%     &6"  & !$ 86  %  "     6  " &  6   !  & ! 86  6' ) ( $   6 !   &   &6
&!6!" $ & !   6 *        86   6 6 ! '%6! 6         6&  6 '%&!  $6 *" $     7
        1
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#$" $  86)    6   "  %6!'$6$   & ! %  "6) & 6 '%&!  $%6   6    ( $%6 *  "& !   6(  ' 865.61"'$
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   &6 (! (   6 '%&!  $6    %766
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$ "$ %  &   6 6.0A6   $  % 6 $! 6/-/076   6  %6       ?6 !+  &+6"$! $  6"$!(   %6  $!    6
     $%6) & 6 *  '% ( 6  :%&!$ 6"$! !& !   6"$     86  : ""6     $6!  +6    %86   6&  6
!""!$&'  &+6&!6  $ "!  &%6$         6 !$6 '  6!$6  $      % 6  % !' &%76  $!    6 !+  &+6
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#' $& $6   6( % &  6!'$6%&!$ %6 ""$!*   &  +6& $  6 !$ 6&   %6" $6 ! & 76   !   ,   6&  6
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%&$ &  +86) 6     ( 6&  &6) 6 $ 6 !&6!  +6$ ) $    6!'$6 !+  6 '%&!  $%6 '&6  %!6$    !$    6!'$6
$!  6 %6 6&$'%&  6" $&  $6  6&  6 !  '  &  %6) 6% $( 7
# $ & "!  1 ! 1  $  !1
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0/74A6 !$6&  6 '  6
+  $7

  &   6 '  6  $   6
$!% 6&!605736   86
 ! " $  6&!604746
   6  6/-/07

 ! ( $% ! 6! 6.206
$ &   6%&!$ %6&!6     $6
% & %6 '$   6&  6+  $7

A LETTER FROM THE CHAIRMAN, PRESIDENT & CEO
        1
1   1           15 
 26
 "$ 1  %& ! & "!1  &  "$  %7   6 ! &  ' 6&!6"$ !$ & , 6!'$6% *6 !$ 6  %&   & ! 6  $      % 6  &  !$  %6;"       6
  ( $   %86    +86%  &+6%    %86"       6%)  &6%    %86  & $  & ( 6%    %6   6   $<86  %'$   6&  +6     6) & 6 ! %'  $6
      %6   6% !""   6    &%7   6/-/186&  % 6  &  !$  %6   !' &  6 !$6 ""$!*   &  +621A6! 6!'$6%   :%&!$ 6  $      % 6
 ! &$  '& ! 86'   $% !$   6&   $6%           6  6!'$6!( $   6  $      % 6" $ !$     76  6  ( 6   $  %  6!'$6 ! '%6! 6"$     6
   6"$! '$    &6%&$ &    %86  ( $     6  & : $ (  6    % ! %6&!6$     6!'$6!   $   %76  6 ! &  ' 6&!6  "     &6& $  &  6
  $  &   6   6  $      %   6   &  & ( %6&!6  *   , 6&   $6  "  &6   6%&$   &   6!'$6  :%&!$ 6" $ !$     76
 "" 1  $(   2   6 ! &  ' 6&!6%  6 !! 6% $(   6 %6 6 !  :& $ 6 $!)& 6!""!$&'  &+6 !$6    766  6 !   &  6!'$6 !! 6!   $   6
&!6!'$6 !+  &+6"$! $  6) & 6&  6  '   6! 6&   :   :    6 $!,  6" ,, %6  6   ' $+6/-/176 (       6  6 !$ 6&   6.8/--6! 6!'$6
%&!$ %6;   6% $(  6 !&6  6   +6! 6&  % 6%&!$ %<86&  % 6" ,, %6 $ 6!   $  6&!6!'$6  $!    6 !+  &+6     $%6 !$6@175576     6
  '      6&  6%"     6  6&  6  $%&6#' $& $6! 6/-/186) 6  ( 6%!  6 !$ 6&   63--8---6" ,, %86        &   6%&$!  6 '%&!  $6
      6   6&  6%'   %%6! 6!'$6!   $   76  6    & ! 86  6/-/16) 6 *"     6!'$6 !&6 !! 6%    & ! 6) & 6 +%! =%6       6
%   )    %6   6  &   =%6   !'%6 !&6 ! %86 '$&  $6         6&  6(  ' 86( $  &+6   6#'   &+6! 6!'$6!   $   %76 !!    6     86
) 6 $ 6)!$    6! 6"  !&6%&!$ %6&  &6)        '  6  6        6 !! 6% $(   6!   $   6 %6) 6 $ 6 !   &&  6&!6 *"      6!'$6 !! 6
% $(   6"  & !$ 6   6 ! &  ' 6&!6     ( 6&  %6  &  !$+6 %6 6  +6  &  +%&6 !$6 !  :& $ 6 $!)& 6   6  $   6 *"  % ! 7
  1            
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 %6" $&6! 6!'$6   !$&%6&!6       6!'$6" $ !$     6   6"$!  &     &+86& $!'  !'&6/-/16) 6  (  !"  6   6 !       6
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        ' 6 '   $6! 6    & !   6%&!$ %6& $!'  6/-/276 '$6      6!"&   , & ! 6%&$ &  +6 %6  %     6&!6  "$!( 6!'$6!( $   6
$ &'$ 6! 6!'$6 %% &%6)    6" (   6&  6) +6 !$6'%6&!6 ! '%6   6  && $6"$ !$ & , 6 '&'$ 6  ( %&   &%6  6!'$6$        6$ &   6%&!$ %76
  6  %!6  (  !"  6 6"  !& "$! $  6 !$6!'$6$ &   6%&!$ %6  6/-/16 ! '%  6! 6         6!'$6  :%&!$ 6 !! 6% $(   6!   $   %86
    '    6 *"     6 !&6   6 $!,  6 !! 6!"& ! %6   6(  ' : ! '%  6 '     6"$! !& ! %76   6   &  & ( 6 %6  %     6&!6   ( & 6
&  6 '%&!  $6 *" $     6   6%&$   &   6!'$6(  ' 6"$!"!% & ! 86) & 6  6   &   6$!  !'&6&!6!  '$6  6/-/27

    3 0        0  0         0    0  0            0       0   0    0  !     0   0     0          0        0
     0"   0   0       0          0     "   0   0           0   0   !      0  0   0        0  0   0    0
          0   0         0        10
    0    0 0       $0  !     0  05&1&)0   0     0  0
    0      0  0(&(*20         0    0  0            1
  0  $0(&(*20   0     0  0         0      %  0  0
        0  0   0     0          0       0    05'&&0
       0  05'(+0       10   0   0$   0     0        0
)'20(&(*20    0           0     #      $0*1.0
       0      0  0      0     0     0   0
          0       0   0     #      $05(.1)0       20
  0  0 !     0     0     0  05+1./10  0  0        0
)'20(&(*20     #      $05(+1-0       0        0
!       0     0    3 0          0       10

A LETTER FROM THE CHAIRMAN, PRESIDENT & CEO
   1     
 %6) 6 !! 6     86) 6 *"  &6&  &6!'$6&$  % !$  & ! 6"   6
)   6 ! &  ' 6&!6 $ ( 6!" $ & !   6           %6   6'  !  6
 )6!""!$&'  &  %6  $!%%6!'$6 ! (       6   6 '  6
!" $ & ! %76  6 $ 6 ! '%  6! 6%& +   6&$' 6&!6!'$6%&$ &  +6
   6 ! '%   6! 6)  &6) 6 !6  %&76
 6)!'  6    6&!6 *"$ %%6 +6 $ & &'  6&!6!'$6  " !+  %86
 '%&!  $%86   6%&!   !   $%6 !$6&   $6 ! &  '  6%'""!$&76
     6+!'6 !$6+!'$6&$'%&6 %6) 6 $ ( 6    6 !$) $ 7
 $  1 "&  $
    $   86 $ %    &6>6     6 *  '& ( 6      $



shareholder letter icon 4/24/2025 Letter Continued (Full PDF)
 

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