Arko Corp is a leading convenience store operator in the United States, primarily involved in owning and managing a network of retail fuel and convenience stores
The company focuses on providing a wide range of products and services to customers, including fuel, groceries, prepared food, and beverages. Through strategic acquisitions and partnerships, Arko Corp aims to enhance its market presence and improve customer experiences. Its operations are centered around delivering convenience and value, making it a significant player in the fast-evolving retail and fuel sectors.
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Companies Reporting Before The Bell • Kosmos Energy (NYSEKOS) is expected to report quarterly earnings at $0.16 per share on revenue of $366.82 million.
Stifel analyst Mark Astrachan downgraded ARKO Corp (NASDAQARKO) from Buy to Hold, reducing the price target to $7.5. ARKO's fourth-quarter results showed weaker-than-expected adjusted EBITDA and revenue. Merchandise margin rose slightly, but overall sales were impacted by lower contributions from core categories, including cigarettes.
The Consumer Staples sector has been going steady this year after declining for two years in a row. As of Jul 3, the S&P 500 Consumer Staples Select Sector SPDR was up 7.7%.
Gainers TScan Therapeutics, Inc. (NASDAQTCRX) shares gained 118% to $4.68 after the company and Amgen announced collaboration to identify novel targets in Crohn's disease.
