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.
Casey's (NASDAQ: CASY) has launched eight new coffee blends under its 'Darn Good Coffee' line, featuring freshly ground, high-quality beans with various roasts and caffeine levels. The company is offering unlimited free coffee of any size through January 28, 2024, for Casey's Rewards members, with one free coffee per transaction and no additional purchase required.
The new lineup includes Casey's Country House Blend, 100% Colombian, French Roast, Rooster's Call High Caffeine, Salted Caramel Toffee, Light Roast, Decaf, and a -time Toasted Pecan blend in select locations. All blends can be customized with complimentary creamers, sweeteners, and condiments.
Casey's General Stores (CASY) reported strong Q2 FY2025 financial results with diluted EPS of $4.85, up 14% year-over-year. Net income increased 14% to $181 million, while EBITDA grew 14% to $349 million. Inside same-store sales rose 4.0%, with inside margin reaching 42.2%. The company experienced a 12% increase in total inside gross profit to $619.7 million.
Same-store fuel gallons decreased 0.6% with a fuel margin of 40.2 cents per gallon. Total fuel gross profit increased 1.1% to $312.3 million. The company closed the acquisition of 198 CEFCO Convenience Stores from Fikes Wholesale on November 1, 2024. Operating expenses showed efficient management with same-store operating expenses excluding credit card fees up 2.3%.
Casey's General Stores (NASDAQ: CASY) has announced it will release its second quarter fiscal 2025 earnings after market close on December 9th, 2024. The company will host a conference call and webcast on December 10th at 7:30am central to discuss the results. Casey's, a Fortune 500 company, operates approximately 2,900 convenience stores and ranks as the third-largest convenience store retailer and fifth-largest pizza chain in the United States.
Casey's (NASDAQ: CASY), the fifth-largest pizza chain in the United States, has launched a new Pickle Wrap Pizza at select locations in Minnesota and Iowa. The pizza features Casey's made-from-scratch dough topped with Philadelphia® whipped cream cheese, chopped ham, smoky bacon, mozzarella and cheddar cheese, and thick-cut pickles. Created by Casey's district manager Andrew Cairl, this innovative pizza was a finalist at Casey's annual pizza competition. Available from Nov. 6 through Dec. 3, a large Pickle Wrap Pizza is priced at $17.99. The launch coincides with National Pickle Day and represents a unique twist on a classic Midwest appetizer.
Casey's General Stores (CASY) has completed its largest-ever acquisition, purchasing Fikes Wholesale, owner of CEFCO Convenience Stores. The deal adds 148 stores in Texas and 50 stores across Alabama, Florida, and Mississippi, bringing Casey's total store count to approximately 2,900 locations. The acquisition aligns with the company's strategic plan presented at their June 2023 Investor Day. Additionally, Casey's expects its fuel margin for Q2 ended October 31, 2024, to be approximately 40 cents per gallon.
Casey's (NASDAQ: CASY) launches a fundraising campaign from November 6 to December 3 to support military veterans and their families through two nonprofit organizations: Hope For The Warriors and Children of Fallen Patriots Foundation. Customers can participate by rounding up their in-store purchases or adding donations to online orders. PepsiCo is contributing with a $25,000 donation. Since 2012, Casey's has donated over $10 million to these organizations. On Veterans Day, Casey's offers free coffee or fountain drinks to veterans, and extends this offer year-round to active-duty military and on-duty first responders.
Casey's (NASDAQ: CASY) has opened applications for its 2025 Cash for Classrooms grant program, running from now until November 15, 2024. The program supports projects at accredited K-12 public and non-profit private schools in the 17 states where Casey's operates. Since its inception in 2020, the program has awarded over 300 grants totaling more than $4 million to schools.
Grants of up to $50,000 can be requested for various projects focusing on physical improvements, material needs, teacher support, and community engagement initiatives. Recent examples include playground enhancements, book vending machines, and a College and Career Center. The grants are funded through Casey's annual Cash for Classrooms round-up campaign, with awards to be announced in March 2025.
Casey's General Stores (Nasdaq: CASY), a leading U.S. convenience store chain, will host an Analyst Day at its Store Support Center in Ankeny, IA on October 15, 2024. The event will include a live webcast of a brief presentation and Q&A session starting at approximately 12:30pm CT.
The webcast will be available on Casey's Investor Relations page, with an audio replay accessible 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. Founded over 50 years ago, Casey's offers freshly prepared foods, quality fuel, and friendly service, including pizza, donuts, bakery items, beverages, and snacks.
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.