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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) is set to participate in a non-deal roadshow with Stephens on April 21, 2022. The company reports a strong performance, projecting record diluted earnings per share for Q4 of fiscal 2022. Fuel sales have increased slightly year-over-year, with margins in the higher 30s cents per gallon. Inside same-store sales are up mid-single digits, although costs for cheese have risen significantly. Operating expenses have also exceeded previous guidance, increasing by mid-teens due to higher credit card fees associated with rising fuel prices.
Casey’s (NASDAQ: CASY), the third largest convenience retailer and fifth largest pizza chain, is organizing hiring events on March 23 and March 24 to fill 5,000 positions across its over 2,400 stores in 16 states. Open interviews will take place from 10 a.m. to 7 p.m. local time. The company aims to attract both full and part-time team members of all ages, offering a variety of roles, including management positions. Interested applicants can apply online or visit stores for immediate interviews.
Casey’s General Stores (Nasdaq: CASY) reported strong financial results for Q3 of fiscal 2022, with diluted EPS rising 64% to $1.71, driven by a 14.9% increase in total inside gross profit to $403.8 million. Same-store sales increased by 7.6%, and fuel gross profit soared 39.6% to $237.9 million, aided by a 5.7% rise in fuel gallons sold. The company also completed the acquisition of 40 stores from Pilot Corporation, bringing the total store count to over 2,400. Despite rising operating expenses, the results reflect Casey's resilience in a challenging macro environment.
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.
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