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    Connor Internina • Stifel

    Connor Internina is a Vice President and Equity Research Analyst at Stifel, specializing in research coverage of the Gaming, Lodging, and Leisure sector. He provides in-depth analysis on companies including MGM Resorts International, Caesars Entertainment, and Penn National Gaming, earning a reputation for detailed market insight and actionable investment recommendations. Since joining Stifel in 2021 after prior roles at Activate and BlackRock, Connor has demonstrated solid performance with a success rate exceeding 60% on rated stocks and an average return above 7% per recommendation according to industry platforms. He holds FINRA Series 7, 63, 86, and 87 licenses, reflecting his status as a registered securities professional and valued analyst within the investment community.

    Connor Internina's questions to Arko Corp. (ARKO) leadership

    Connor Internina's questions to Arko Corp. (ARKO) leadership • Q3 2024

    Question

    Connor Internina of Stifel asked about current customer traffic trends amid falling gas prices, the long-term strategic rationale for the dealerization initiative, and whether the program could be expanded if more stores underperform in the future.

    Answer

    CFO Robert Giammatteo noted that customer transactions improved in October from the high-single-digit decline seen in Q3, with OTP being a strong merchandise performer. CEO Arie Kotler explained that the dealerization strategy is motivated by ROI, converting underperforming stores into profitable wholesale accounts to allow focused investment in 'jewel' assets. He clarified that the current conversion plan resulted from a lengthy evaluation and he does not anticipate significant further conversions beyond this initiative.

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