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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 (NASDAQ: CASY) is launching the 'Summer of Freedom' campaign, offering customers a chance to win a hometown concert featuring country artist Lee Brice. The sweepstakes runs from May 3 to September 7, 2021, enabling Casey’s Rewards members to win instant prizes while shopping. Featured promotions include the Lee Brice Combo for $5 and a Pizza Deal for $24.99. Casey’s encourages participation through purchases of food, drinks, and fuel, with rewards accumulating for sweepstakes entries. This initiative aims to enhance customer engagement and boost sales during the summer months.
Casey’s (NASDAQ: CASY) is hosting its ‘Here For Good’ Hiring Day on May 13, aiming to fill 5,000 positions across nearly 2,300 stores in 16 states. Open interviews will occur from 11 a.m. to 7 p.m. local time, seeking applicants for various roles including store staff, distribution, and support positions. Chad Frazell, Chief Human Resources Officer, emphasizes growth opportunities and flexible job hours as key benefits for prospective applicants.
Casey’s General Stores (NASDAQ: CASY) has appointed Paul Suarez as its first chief information security officer, enhancing its cybersecurity capabilities. With 35 years of experience in cybersecurity, Suarez will lead a new security team and collaborate with Chief Information Officer Adrian Butler. Previously, he served as the CISO for Walmart International and has extensive experience in telecommunications and network operations. His role will significantly impact Casey’s strategic plan by strengthening its security measures while maintaining the focus on guest safety and community service.
Casey’s General Stores (NASDAQ: CASY) has inaugurated a new $62 million distribution center in Joplin, Missouri, creating 125 jobs in the region. This facility is their third distribution center and aims to support 400 to 600 stores, complementing Casey's operations of over 2,200 convenience stores across the Midwest and South. The site is integral to Casey’s strategy for rapid store growth over the next two years, enhancing logistical capabilities and community support.
Casey’s General Stores (NASDAQ: CASY) launches new cheesy breadsticks made from scratch, featuring fresh dough and whole milk mozzarella cheese. The cheesy breadsticks, available in an 8-stick order with dipping sauces, promote a special price of $3.99 until May 31. As the fifth-largest pizza chain in the U.S., Casey’s emphasizes fresh food options, aiming to enhance customer experience with quality products. The initiative includes engaging customers through Casey’s Rewards, rewarding users with bonus points for purchases.
Casey’s General Stores (NASDAQ: CASY) has announced an agreement to acquire 49 stores in Oklahoma from Circle K Stores Inc. for $39 million in cash. The deal involves 46 leased and 3 owned properties, expected to close in the fiscal quarter ending July 31, 2021. The new stores will be supplied by Casey’s distribution center in Joplin, MO, enhancing their operational capacity and market presence.
Casey's General Stores (CASY) reported strong financial results for Q3 and nine months ending January 31, 2021. Diluted EPS rose to $1.04 from $0.91, a 14% increase. Fuel gross profit surged 37% with a margin of 32.9 cents per gallon, despite a 12.1% decrease in same-store fuel sales. Inside same-store sales grew by 2.1%, driven by digital sales rising 95%. The company maintains a robust balance sheet with $865 million in liquidity and plans to construct 40 new stores this fiscal year. A quarterly dividend of $0.34 per share is scheduled for May 17, 2021.
Casey's General Stores has launched its Cash for Classrooms grant program, awarding $1 million to K-12 schools through 99 grants. This initiative aims to support educational projects and material needs amidst challenges posed by the COVID-19 pandemic. Grants will fund physical improvements, such as new playgrounds, technology upgrades for remote learning, and teacher support like new computers. The funds were raised through donations during a January campaign, in partnership with LIFEWTR.
Casey’s General Stores has partnered with Feeding America to address food insecurity exacerbated by the COVID-19 pandemic. Their #HereforGood Hunger campaign has successfully provided over 15 million meals to families in need across 16 states, raising more than $1.5 million for local food banks. The initiative encouraged customers to round up purchases and contributed $1 for every Coca-Cola four-pack sold. As food banks face increased demand, Casey’s aims to further combat hunger in communities.
Casey’s General Stores, Inc. (NASDAQ: CASY) plans to announce its third quarter fiscal 2021 results after market hours on March 8, 2021. A conference call is scheduled for March 9, 2021, at 7:30 AM CST, to discuss the results. Those interested can access a live webcast on Casey’s Investor Relations page and a replay will be available for twelve months. Casey’s operates over 2,200 convenience stores across 16 states, emphasizing freshly prepared foods and quality service.
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