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Casey's General Stores Inc (CASY) is a leading convenience store chain in the Midwestern United States. Founded in 1959 by Don Lamberti in Des Moines, Iowa, the company has grown from a single store into a network of over 2,500 convenience stores across several Midwestern states. Casey's stores offer a wide range of products, including self-service gasoline, grocery items, and freshly prepared foods such as pizza, donuts, and sandwiches.
One of Casey's key strengths is its integrated supply chain. The company operates its own distribution centers, which ensures timely and efficient delivery of products and fuel to its stores. This vertical integration not only reduces costs but also helps maintain consistent product quality. Additionally, Casey's owns the majority of its real estate, including stores, distribution centers, and various facilities, thereby reducing rental expenses and increasing operational flexibility.
Casey's stores are strategically located in small and rural communities, primarily with populations of fewer than 5,000 people. This focus allows Casey's to cater to underserved markets, providing essential goods and services where they are most needed. The company's stores are known for their cleanliness, well-maintained facilities, and excellent customer service.
In recent years, Casey's has been actively modernizing its operations. The company has introduced various digital initiatives, including a user-friendly mobile app and an online ordering system, to enhance the customer experience. These efforts have been well-received, leading to increased customer engagement and sales growth.
Financially, Casey's continues to perform robustly, with consistent revenue growth and strong profitability. The company has also embarked on several strategic partnerships and acquisitions to expand its market presence and diversify its product offerings. These initiatives align with Casey's long-term vision of becoming the preferred convenience store brand in the Midwest.
Casey's General Stores (NASDAQ: CASY) has announced it will release its second quarter fiscal 2025 earnings after market close on December 9th, 2024. The company will host a conference call and webcast on December 10th at 7:30am central to discuss the results. Casey's, a Fortune 500 company, operates approximately 2,900 convenience stores and ranks as the third-largest convenience store retailer and fifth-largest pizza chain in the United States.
Casey's (NASDAQ: CASY), the fifth-largest pizza chain in the United States, has launched a new Pickle Wrap Pizza at select locations in Minnesota and Iowa. The pizza features Casey's made-from-scratch dough topped with Philadelphia® whipped cream cheese, chopped ham, smoky bacon, mozzarella and cheddar cheese, and thick-cut pickles. Created by Casey's district manager Andrew Cairl, this innovative pizza was a finalist at Casey's annual pizza competition. Available from Nov. 6 through Dec. 3, a large Pickle Wrap Pizza is priced at $17.99. The launch coincides with National Pickle Day and represents a unique twist on a classic Midwest appetizer.
Casey's General Stores (CASY) has completed its largest-ever acquisition, purchasing Fikes Wholesale, owner of CEFCO Convenience Stores. The deal adds 148 stores in Texas and 50 stores across Alabama, Florida, and Mississippi, bringing Casey's total store count to approximately 2,900 locations. The acquisition aligns with the company's strategic plan presented at their June 2023 Investor Day. Additionally, Casey's expects its fuel margin for Q2 ended October 31, 2024, to be approximately 40 cents per gallon.
Casey's (NASDAQ: CASY) launches a fundraising campaign from November 6 to December 3 to support military veterans and their families through two nonprofit organizations: Hope For The Warriors and Children of Fallen Patriots Foundation. Customers can participate by rounding up their in-store purchases or adding donations to online orders. PepsiCo is contributing with a $25,000 donation. Since 2012, Casey's has donated over $10 million to these organizations. On Veterans Day, Casey's offers free coffee or fountain drinks to veterans, and extends this offer year-round to active-duty military and on-duty first responders.
Casey's (NASDAQ: CASY) has opened applications for its 2025 Cash for Classrooms grant program, running from now until November 15, 2024. The program supports projects at accredited K-12 public and non-profit private schools in the 17 states where Casey's operates. Since its inception in 2020, the program has awarded over 300 grants totaling more than $4 million to schools.
Grants of up to $50,000 can be requested for various projects focusing on physical improvements, material needs, teacher support, and community engagement initiatives. Recent examples include playground enhancements, book vending machines, and a College and Career Center. The grants are funded through Casey's annual Cash for Classrooms round-up campaign, with awards to be announced in March 2025.
Casey's General Stores (Nasdaq: CASY), a leading U.S. convenience store chain, will host an Analyst Day at its Store Support Center in Ankeny, IA on October 15, 2024. The event will include a live webcast of a brief presentation and Q&A session starting at approximately 12:30pm CT.
The webcast will be available on Casey's Investor Relations page, with an audio replay accessible for twelve months. Casey's, a Fortune 500 company, operates over 2,600 convenience stores and is the third-largest convenience store retailer and fifth-largest pizza chain in the United States. Founded over 50 years ago, Casey's offers freshly prepared foods, quality fuel, and friendly service, including pizza, donuts, bakery items, beverages, and snacks.
Casey's (NASDAQ: CASY) has launched a new Jalapeño Popper Pizza just in time for football season. This innovative pizza features Philadelphia® Whipped Cream Cheese, a blend of real cheddar and mozzarella cheeses, smoky bacon, mild pickled jalapeños, and a drizzle of Mike's Hot Honey. As the fifth-largest pizza chain in the U.S., Casey's continues to lead in food innovations within the convenience store sector.
The company is offering several promotions, including 50% off a large single topping pizza with the purchase of any large pizza, $15 large breakfast pizzas from Sept. 12-15, and a $10 large pepperoni pizza on Sept. 20 for National Pepperoni Pizza Day. Casey's operates over 2,600 convenience stores across the country and is ranked as a Fortune 500 company.
Casey's General Stores (NASDAQ: CASY) reported strong financial results for Q1 2024, ending July 31. Key highlights include a diluted EPS of $4.83, a 7% increase YoY, and net income of $180 million, up 6%. EBITDA rose 9% to $346 million.
Inside same-store sales increased 2.3%, driven by prepared food and beverages, with an inside margin of 41.7%. The total inside gross profit grew 10.4% to $614.3 million. Fuel same-store gallons increased 0.7%, with a fuel margin of 40.7 cents per gallon, and total fuel gross profit rose 5.9% to $314.5 million.
Operating expenses increased 9%, partly due to running 138 additional stores. Same-store labor hours decreased by 2%. The strategic Fikes Wholesale acquisition is expected to close in 2024, adding 198 stores.
Casey's has $1.2 billion in liquidity, including $305 million in cash. The company did not repurchase shares this quarter and declared a quarterly dividend of $0.50 per share.
Casey's (NASDAQ: CASY) is bringing back the Ultimate Waffle Breakfast Sandwich, a popular item featuring bacon, sausage, and eggs between maple waffles. To celebrate National Waffle Day, Casey's Rewards members can save a $1.99 offer from August 24-28, redeemable until September 15. The sandwich will be available in 100 Des Moines metro stores starting August 24 and roll out across Casey's locations on September 4.
Tom Brennan, Chief Merchandising Officer, noted high demand for the sandwich's return. Casey's, a Fortune 500 company, operates over 2,600 convenience stores and is the third-largest convenience store retailer and fifth-largest pizza chain in the US.
Casey's General Stores (Nasdaq: CASY), a leading U.S. convenience store chain, has announced the timing for its first quarter fiscal 2025 earnings release and conference call. The company will release its financial results after market close on September 4th, 2024, followed by a conference call and webcast on September 5th at 7:30am central to review the results.
Investors and interested parties can access the live webcast on Casey's Investor Relations page. An audio replay will be available on the company's website for twelve months. Casey's, a Fortune 500 company, operates over 2,600 convenience stores and is the third-largest convenience store retailer and fifth-largest pizza chain in the United States.
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