ARKO Sees Q3 2024 Adj. EBITDA $70M-$86M; Sees FY24 Adj. EBITDA $235M-$275M
Portfolio Pulse from Benzinga Newsdesk
ARKO has provided its Q3 2024 and FY24 Adjusted EBITDA guidance. For Q3 2024, the company expects Adjusted EBITDA to range between $70 million and $86 million. For FY24, the company expects Adjusted EBITDA to range between $235 million and $275 million. These figures include non-cash rent expenses.
August 06, 2024 | 9:26 pm
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ARKO has provided its Q3 2024 and FY24 Adjusted EBITDA guidance. For Q3 2024, the company expects Adjusted EBITDA to range between $70 million and $86 million. For FY24, the company expects Adjusted EBITDA to range between $235 million and $275 million. These figures include non-cash rent expenses.
The guidance provided by ARKO for Q3 2024 and FY24 Adjusted EBITDA is positive and indicates strong expected performance. The inclusion of non-cash rent expenses is a minor detail that does not significantly alter the overall positive outlook. This news is likely to have a positive short-term impact on ARKO's stock price.
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