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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 has announced the recipients of its 2022 Cash for Classrooms grants, benefiting 89 K-12 schools across 80 communities in the Midwest. The initiative, supported by over $1 million in funding from guests and partners, aims to enhance educational environments. Grants range from $3,000 to $50,000 and focus on physical improvements, material needs, teacher support, and community engagement. Notable awards include $50,000 for a Des Moines school and $45,000 for a Yukon, Oklahoma playground. The program reflects Casey’s commitment to community support and education enhancement.
Casey’s General Stores (NASDAQ: CASY) will release its third quarter fiscal 2022 results after market close on March 8, 2022. Following this, a conference call will be held on March 9, 2022 at 7:30 AM Central to discuss the quarterly performance. Interested parties can join the live webcast on Casey's Investor Relations page, with a replay available for twelve months. Casey’s operates over 2,400 convenience stores and is recognized as the third-largest convenience store retailer in the U.S.
Casey’s aims to combat food insecurity by providing 17 million meals to children and families in 2022. Partnering with Feeding America and Monster Energy, Casey's encourages customers to contribute to a round-up campaign at checkout, where $1 equates to 10 meals. The initiative addresses the growing issue of food insecurity exacerbated by the pandemic, affecting over 38 million people in the U.S. Since 2020, Casey's and Feeding America have delivered over 15 million meals to those in need.
Casey’s is partnering with Red Bull for the 2022 Red Bull Soapbox Race Iowa, taking place on June 18 in Des Moines. A 'Casey’s Hometown Racer' will be awarded to a team whose vehicle represents their community's spirit. The winning team and runner-up will receive free Casey’s pizza for a year. This initiative highlights Casey’s engagement with local communities across 16 states, fostering excitement around the event and promoting its brand.
Casey’s General Stores (Nasdaq: CASY) announced participation in the 2022 Jefferies Virtual Winter Restaurant Summit on January 24, 2022. The company anticipates mid-single-digit same-store sales growth for both fuel gallons and inside sales for the third quarter. Operating expenses are expected to rise by 18-20%, with fuel margins projected in the mid-thirty cents per gallon range. Net income is expected to exceed last year’s figures, indicating a positive outlook despite increased expenses.
Casey’s General Stores, Inc. (Nasdaq: CASY) announced participation in the 2022 ICR Conference, set for January 11, 2022, at 10:00 AM CT. The event includes a fireside chat moderated by Bobby Griffin, Vice President of Equity Research at Raymond James. Investors can access the live presentation via Casey's investor relations page. Established over 50 years ago, Casey’s operates over 2,400 convenience stores, ranking as the third-largest chain in the U.S. and the fifth-largest pizza chain, providing freshly prepared foods and quality fuel.
Casey’s General Stores (Nasdaq: CASY) announced the completion of its acquisition of 40 convenience stores from Pilot Corporation, enhancing its presence in Knoxville, Tennessee. This aligns with Casey’s strategic plan to add 345 stores by 2023. CEO Darren Rebelez expressed optimism about expanding the company’s footprint and introducing its hand-made pizza program to the new locations. The acquisition is part of Casey’s growth strategy, aiming to leverage its market position in the competitive convenience store sector.
Casey's General Stores, Inc. (NASDAQ: CASY) reported Q2 financial results for the period ending October 31, 2021. Key highlights include a 6.0% increase in same-store sales and a 12.3% rise in total inside gross profit to $463.4 million. Fuel gallons sold increased by 2.5% with fuel gross profit up 13.6% to $231.9 million. However, diluted EPS declined to $2.59 from $3.00 year-over-year. The company announced plans to acquire 40 stores from Pilot Corporation and has $787 million in available liquidity to support ongoing operations and growth.
Casey's General Stores (NASDAQ: CASY) announces the appointment of Katrina Lindsey as Chief Legal Officer and Corporate Secretary, effective January. She brings over 20 years of legal experience from FORTUNE 500 companies in retail and restaurants. Lindsey previously worked at Office Depot, Darden Restaurants, and Walt Disney Parks and Resorts, where she held various legal leadership roles. This strategic hire aims to enhance Casey's legal, compliance, and risk management functions, supporting the company's growth as the third largest convenience retailer and fifth largest pizza chain in the US.
Casey’s General Stores (NASDAQ: CASY) will release its second quarter fiscal 2022 results on December 7, 2021, after market close. The company will provide insights through a conference call and webcast on December 8, 2021, at 7:30 AM Central. With over 2,300 convenience stores, Casey’s ranks as the third-largest convenience store retailer in the U.S. and is also the fifth-largest pizza chain. The event details will be accessible on the company’s Investor Relations webpage, and an audio replay will be available for 12 months.
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