GuidanceDespite a second-quarter earnings beat and higher second-half fuel margin expectations, management maintained their 2024 adjusted EBITDA guidance, implying a potential year-over-year decline of up to 14%.
Market ValuationThere is a risk that ARKO's valuation may remain subdued relative to peers if retail fuel volumes and same-store merchandise sales continue to underperform.
Sales PerformanceDespite increased in-store vendor promotions, transactions declined by approximately 8% in the second quarter.