INDUSTRY ROUNDUP
In the Public Eye ARKO Corp., Richmond, Va. Packaged beverage sales rose by 1.6 percent compared to the prior year, and candy was up 3.9 percent to help boost ARKO Corp.’s first three months of 2022. Retail fuel gallons sold increased by 5.9 percent year over year to 239.558 million gallons, while fuel margins grew by 16.8 percent to 37.5 cents per gallon during ARKO’s most recent quarter ended March 31. Global Partners LP, Waltham, Mass. The integration of retail fuel and convenience store assets acquired from Consumers Petroleum of Connecticut Inc. and Miller Oil Co. helped drive a strong first quarter of 2022 for Global Partners LP. For the period ended March 31, sales at the company’s convenience stores rose by $7.9 million year over year to $58.1 million. Fuel margins came in at 31 cents per gallon, compared to 24 cents per gallon during 2021’s first quarter. Parkland Corp., Calgary, Alberta Parkland Corp. reported strong results for
its first quarter of 2022 and generated adjusted EBITDA of $387 million companywide during the three-month period. In the United States, adjusted EBITDA was $47 million, up 147 percent from $19 million in the first quarter of 2021. Its performance was underpinned by prior-year acquisitions and related synergies, strong margins, higher marine fuel demand, and new cruise ship contracts. TravelCenters of America Inc., Westlake, Ohio TravelCenters of America Inc.’s net income for the first quarter of 2022 was $16.3 million, up $22 million from a net loss of $5.7 million during Q1 2021. Adjusted EBITDA increased by $26.8 million to $55.4 million from the prioryear period. The company also generated a 45.8-percent increase in fuel gross margin, while nonfuel gross margin rose 7.1 percent.
Solving Big Problems, Inspiring Bold Ideas EnsembleIQ is a premier business intelligence resource that believes in Solving Big Problems and Inspiring Bold Ideas. Our brands work in harmony to inform, connect, and provide predictive analysis for retailers, consumer goods manufacturers, technology vendors, marketing agencies and service providers.
Magazines
Events
Digital Media Solutions
Research
Custom Content
20 Convenience Store News C S N E W S . c o m EIQ Group HP ad.indd 1
10-20.IndustryRoundUp_0622.indd 20
6/26/20 10:52 AM
6/1/22 3:47 PM
