Welcome to our dedicated page for Caseys Gen Stores news (Ticker: CASY), a resource for investors and traders seeking the latest updates and insights on Caseys Gen Stores stock.
Casey's General Stores (NASDAQ: CASY) provides investors and stakeholders with timely updates through this dedicated news hub. Track official press releases, financial disclosures, and strategic developments from the Midwest convenience retail leader known for integrating fuel services with grocery essentials and prepared foods.
This resource consolidates all CASY-related announcements including quarterly earnings, store expansions, operational improvements, and community initiatives. Users gain efficient access to primary source materials while maintaining perspective on the company's small-town market focus and supply chain management strategies.
Key updates cover fuel pricing trends, in-store sales performance, distribution network enhancements, and leadership changes. Content is curated to support informed analysis of CASY's position in the competitive convenience retail sector without speculative commentary.
Bookmark this page for streamlined tracking of Casey's growth in rural markets and operational milestones. Check regularly for verified updates directly impacting investment research and market analysis.
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.
Casey's (NASDAQ: CASY) has announced its first-ever Innovation Summit, aimed at identifying innovative food and beverage brands for distribution across its 2,600+ stores in 17 states. As the third-largest convenience store and fifth-largest pizza chain in the U.S., Casey's is seeking new brand partnerships to expand its product offerings.
Food and beverage companies can apply online through August 19 for a chance to showcase their products to Casey's merchants. Selected applicants may be invited to attend the in-person Innovation Summit in Ankeny, Iowa, on October 30, 2024. This initiative aligns with Casey's commitment to providing high-quality, affordable products that meet customer needs while offering an unexpected convenience experience.
Casey's (NASDAQ: CASY) has launched its annual Cash for Classrooms Grant Program, inviting customers to round up purchases or donate online until September 3. The campaign supports K-12 public and nonprofit private schools across Casey's 17-state footprint. Since 2020, over 300 schools have benefited, with grants up to $50,000 awarded each year.
The program has raised more than $4 million for students and educators, funding various initiatives including playground improvements, career centers, book vending machines, technology upgrades, and safety equipment. The 2024-25 school year grant application opens in October, demonstrating Casey's ongoing commitment to education and community support.
Casey's General Stores (Nasdaq: CASY) has announced an agreement to acquire Fikes Wholesale, owner of CEFCO Convenience Stores, for $1.145 billion in an all-cash transaction. The net after-tax purchase price is $980 million, considering tax benefits valued at approximately $165 million. This acquisition will add 198 retail stores and a dealer network to Casey's portfolio, expanding its presence in Texas and southern markets. The deal includes 148 stores in Texas and 50 stores in Alabama, Florida, and Mississippi, along with a fuel terminal and commissary. Casey's expects the acquisition to be accretive to EBITDA in the current fiscal year and projects $45 million in annual run-rate synergies upon completing kitchen installations in the acquired stores. The transaction is expected to close in Q4 2024, subject to regulatory approval.
Casey’s General Stores (NASDAQ: CASY) announced the appointment of Maria Castañón Moats to its Board of Directors effective July 1, 2024. Moats will retire from PricewaterhouseCoopers (PwC) on June 30, 2024, before joining Casey’s. Her addition will expand the Board to eleven members. Moats brings over 30 years of public accounting experience and has held notable leadership roles at PwC, including Vice-Chair and Chief Diversity Officer. Casey’s is a Fortune 500 company, operating over 2,600 stores and known for its convenience retail and pizza chain operations.
Casey's General Stores (NASDAQ: CASY) reported its financial results for Q4 and Fiscal Year 2024. Key highlights include a 57% increase in diluted EPS to $2.34 for Q4, with net income rising 55% to $87 million. Inside same-store sales grew 5.6%, with a 41.2% margin, contributing to a 16.2% increase in total inside gross profit to $517.6 million. Fuel same-store gallons sold rose 0.9%, and fuel gross profit increased 15.4% to $253.6 million. For the fiscal year, diluted EPS was up 13% to $13.43, and net income increased 12% to $502 million. The company expanded its store count to 2,658 and recorded a 16% quarterly dividend increase. Casey's aims to grow EBITDA by at least 8% and add 100 stores in fiscal 2025.
Casey's is awarding $1 million through its Cash for Classrooms program to 60 schools in its 17-state footprint. The grants, ranging from $3,000 to $50,000, support educational materials, technology, school equipment, and learning activities. Since 2020, Casey's has awarded over 320 grants to schools. This year's notable grants include $50,000 for a playground in Omaha, $35,700 for book vending machines in Des Moines, and $25,000 for a College and Career Center in Knoxville. The 2024 grant cycle will reopen in the fall. Casey’s operates over 2,600 convenience stores and is a major player in the U.S. convenience and pizza retail market.
