Dan Guglielmo's questions to ARKO (ARKO) leadership • Q2 2025
Question
Dan Guglielmo of Capital One Financial asked about the macroeconomic and consumer spending assumptions embedded in the company's Q3 and full-year guidance. He also inquired about wage trends impacting operating expenses and whether the benefits from the dealerization program are expected to decrease as it progresses.
Answer
CFO Rob Giamatteo stated the Q3 guidance assumes a cautious macro environment with modestly negative same-store merchandise sales. He noted wage inflation is consistent at around 3%, offset by reduced hours. CEO Arie Kotler and Giammatteo both affirmed that they do not expect the benefits of dealerization to diminish, citing direct G&A reductions tied to store conversions and ongoing operational sharpening.