ARKO Corp. Subsidiary Opens 15th Dunkin’ Store
RICHMOND, Va., Sept. 13, 2023 -- ARKO Corp. (Nasdaq: ARKO) (“ARKO” or the “Company”), a Fortune 500 company and one of the largest convenience store operators in the United States, announced today that its subsidiary, Broyles Hospitality, LLC, has opened its 15th Dunkin’ store, located at 1522 W. Elk Avenue in Elizabethton, Tennessee.
This stand alone, 2,200 square foot Next Generation Dunkin’ has a modern, open layout that offers the speed and convenience Dunkin’ customers expect when they enjoy their favorite signature food, coffee, and beverages.
“We’re very excited to open our 15th Dunkin’ location, and to be a part of the Dunkin’ brand,” said Arie Kotler, President & CEO of ARKO Corp. “The Next Generation Dunkin’ concept has been a hit with our customers, with the great food and drinks they love in a modern, convenient setting. We look forward to continuing serving the Tri-Cities community with another, beautiful brand-new Dunkin’.”
This store underscores ARKO’s focus on three strategic key pillars: Growing sales in core destination categories, growing its high-value fas REWARDS® loyalty program, and expanding the Company’s food and beverage service.
The company currently has 150+ branded food franchises, 160+ in-store delis, 160+ Hot Grab-n-Go units, 1,200+ Cold Grab-n-Go units, 370+ roller grills and over 700 stores with Bean to Cup coffee, with a target of expanding roller grills to approximately 120 more stores and approximately 230 stores for further bean-to-cup coffee expansion by the end of 2023.
ARKO reported that branded franchise food sales increased 10.4% on a same store basis in the second quarter of 2023, as compared to the prior year. The Company’s Broyles Hospitality subsidiary owns and operates fifteen Dunkin’ locations throughout Virginia and Tennessee.
About ARKO Corp.
ARKO Corp. (Nasdaq: ARKO) is a Fortune 500 company that owns 100% of GPM Investments, LLC and is one of the largest operators of convenience stores and wholesalers of fuel in the United States. Based in Richmond, VA, our highly recognizable family of community brands offers delicious, prepared foods, beer, snacks, candy, hot and cold beverages, and multiple popular quick serve restaurant brands. Our high value fas REWARDS® loyalty program offers exclusive savings on merchandise and gas. We operate in four reportable segments: retail, which includes convenience stores selling merchandise and fuel products to retail customers; wholesale, which supplies fuel to independent dealers and consignment agents; GPM Petroleum, which sells and supplies fuel to our retail and wholesale sites and charges a fixed fee, primarily to our fleet fueling sites; and fleet fueling, which includes the operation of proprietary and third-party cardlock locations, and issuance of proprietary fuel cards that provide customers access to a nationwide network of fueling sites. To learn more about GPM stores, visit: www.gpminvestments.com. To learn more about ARKO, visit: www.arkocorp.com.
Investor and Media Contact
Ross Parman
ARKO Corp.
investors@gpminvestments.com
Released September 13, 2023