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Casey's General Stores, Inc. operates a convenience-store and prepared-foods business built around fuel, grocery and general merchandise, pizza, bakery items, beverages and snacks. The company operates more than 2,900 stores in 19 states across the Midwest and Southern United States and identifies itself as the third-largest convenience store retailer and fifth-largest pizza chain in the United States.
Recurring CASY news includes quarterly operating results, same-store inside sales and fuel trends, prepared-food and dispensed-beverage performance, menu additions such as pizza and sides, product-supplier innovation, community grant programs and corporate-status updates such as index inclusion.
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ParTech, Inc. (PAR) has introduced a new subscription feature for its loyalty software, Punchh, designed for enterprise restaurants and convenience stores. This innovation allows brands to manage subscription programs, capitalizing on the rapidly growing food and beverage subscription market, which is worth over $105 million annually. The feature enhances customer engagement through tailored offers and can lead to increased revenue and customer loyalty. Notably, major brands like Yum! Brands (YUM) and Casey’s (CASY) are already leveraging Punchh to boost their sales.
Casey’s has opened its 2023 Cash for Classrooms grant program, accepting applications until November 30, 2022. The program, now in its third year, supports K-12 public and non-profit private schools in the communities where Casey’s operates. Over $2 million has been awarded through nearly 200 grants since launch, with grants ranging from $3,000 to $50,000 for various educational projects. Grant awards are set for March 2023. More details can be found on Casey’s community website.
ParTech, Inc. (PAR) has enhanced its Punchh loyalty software with three new machine-learning features: Feedback Sentiment, Smart Segments, and Send Time Optimization. These improvements enable restaurant operators to better personalize loyalty programs by analyzing guest feedback, segmenting audiences based on loyalty behavior, and optimizing marketing communication timing. Over 200 global brands, including Yum! Brands (YUM) and Casey’s (CASY), utilize Punchh for boosting customer engagement and revenue. This innovation reinforces PAR's commitment to leading the restaurant technology industry.
Casey's, the third largest convenience retailer in the U.S., has selected Graphite Connect to enhance its procurement processes amid a digital transformation. The platform aims to simplify and expedite supplier onboarding and data management, reducing issues related to outdated supplier data. Jaime Robles, VP of Procurement at Casey's, emphasized the need for a solution like Graphite Connect to improve procurement efficiency. The platform serves as a secure social network for managing supplier risks and data collaboratively, facilitating quicker onboarding and better governance.
Casey's General Stores (CASY) reported strong financial results for the three months ended July 31, 2022. Diluted EPS rose to $4.09, marking a 28% increase year-over-year, and net income surged to $152.9 million, up from $119.2 million. Inside same-store sales grew 6.3%, driven by prepared foods and beverages, while total inside gross profit increased 8.8% to $504.3 million. Fuel gross profit also saw a significant 31.4% rise to $308.2 million, though fuel gallons sold declined 2.3% on a same-store basis. The company maintains its fiscal 2023 outlook, expecting same-store inside sales to rise 4% to 6%.
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Casey’s General Stores (NASDAQ: CASY) has appointed Mike Spanos to its Board of Directors, increasing the board size to 12 members. Spanos brings over 28 years of leadership experience in the hospitality and food and beverage sectors. Previously, he served as president and CEO of Six Flags Entertainment and led PepsiCo's operations in Asia, the Middle East, and North Africa, where he achieved significant revenue growth. Board chair Lynn Horak believes Spanos's expertise in supplier relationships will enhance the company's growth strategy.
Casey’s General Stores (Nasdaq: CASY) will release its first quarter fiscal 2023 results on September 7, 2022, after market close. A conference call and webcast are scheduled for September 8 at 7:30 AM Central to discuss these results.
As a leading convenience store chain with over 2,400 locations, Casey’s specializes in fresh foods and quality fuel, and ranks as the third-largest convenience store chain and fifth-largest pizza chain in the U.S.
Casey’s has launched an in-store giving campaign throughout August to support K-12 schools across its 16-state presence. Customers can round up purchases to contribute to the Cash for Classrooms Grant Program, which aims to fund educational projects. In 2022, the program awarded $1 million through 89 grants. Notable grants this year include $50,000 for an inclusive playground in Arkansas and $20,000 for a training center in Nebraska. Applications for grants will open from October 1 to November 30, 2022, with awards announced in March 2023.