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November 10 , 2021 ARKO GPM A Family of Community Brands INVESTMENTS ARKO Reports Record Merchandise Revenue and Net Income Merchandise Revenue of $ 434.7 million Net Income of $ 35.6 million Adjusted EBITDA , Net of Incremental Bonuses , Increases 39.9 % to $ 80.2 million Same Store Merchandise Sales Excluding Cigarettes Increase 1.8 % for Third Quarter and 8.7 % on a Two - Year Stack Basis * Strategic In - store Initiatives Deliver Merchandise Margin Expansion of 270 Basis Points RICHMOND , Va . , Nov. 10 , 2021 ( GLOBE NEWSWIRE ) -- ARKO Corp. ( Nasdaq : ARKO ) ( " ARKO " or the " Company " ) , a growing leader in the U.S. convenience store industry , today announced financial results for the third quarter ended September 30 , 2021 . Third Quarter 2021 Key Highlights * • Operating income was $ 54.7 million for the quarter , an increase of 70.4 % , compared to $ 32.1 million for the third quarter of 2020 • Net income for the quarter was $ 35.6 million , an increase of 107.4 % and quarterly record for the Company , compared to $ 17.2 million for the third quarter of 2020 • Adjusted EBITDA , net of incremental bonuses , increased 39.9 % to $ 80.2 million for the quarter , the Company's strongest quarterly amount to date , as compared to the prior year period • Same store merchandise sales excluding cigarettes , increased 1.8 % compared to the prior year period , and 8.7 % on a two - year stack basis • Merchandise sales margin increased 270 basis points to 30.6 % from 27.9 % in the prior year period • Retail fuel margin cents per gallon increased by 11.3 % versus the prior year period to 34.5 cents per gallon • Signed 70 dealer supply agreements including renewals in the third quarter Recent Developments • Issued $ 450 million aggregate principal amount of 5.125 % Senior Notes due 2029 ( the " Senior Notes " ) in October , with net proceeds used primarily to repay an outstanding term loan and line of credit , which increased our availability under our lines of credit by $ 200 million , created well - laddered corporate debt and delayed meaningful debt maturities until 2029