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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) has announced the launch of the PEPPERONI PEPPERONI PEPPERONI Challenge, starting from April 11-25. This engaging challenge invites customers to record themselves saying "pepperoni" as many times as possible within 10 seconds to win free pizza, Rewards points, and other prizes through the Casey’s app.
Additionally, Casey’s has recently introduced a new pizza, the PEPPERONI PEPPERONI PEPPERONI, featuring various types of pepperoni on made-from-scratch dough, priced at $16.99. The challenge aims to promote this limited-time product while increasing engagement with Casey’s Rewards, which now boasts over 6 million members. Participants can engage daily, sharing videos on their social media for a chance to win.
Engine Capital LP, a 2.0% shareholder of Parkland Corporation (TSX: PKI), has urged its Board to explore strategic alternatives to enhance shareholder value. Engine believes Parkland could be valued at
Casey's General Stores reported strong financial results for the three and nine months ended January 31, 2023. Diluted EPS rose 56% year-over-year to $2.67, aided by a $0.31 benefit from a one-time legal expense reduction. Inside same-store sales increased by 5.6%, with total inside gross profit climbing 11.6% to $450.6 million. Total fuel gross profit also rose 10.4% to $262.6 million despite a slight decline in same-store fuel gallons sold. Operating expenses surged by approximately 5%, although a one-time legal matter relief helped manage costs. Casey's anticipates same-store inside sales growth of 6% to 7% for the fiscal year.
Casey’s partners with Monster Energy to combat food insecurity, aiming to provide 10 million meals for children and families from now until April 4. The initiative will benefit 53 Feeding America® food banks across 16 states where Casey's operates. Casey's guests can contribute by rounding up their purchases, donating during online orders, or participating in the 'Buy a Meal, Give a Meal' campaign. The campaign underscores the ongoing challenge of food insecurity, particularly among rural communities, where approximately one in eight children are at risk of hunger.
Casey’s (NASDAQ: CASY) introduces the limited-time PEPPERONI PEPPERONI PEPPERONI pizza, enhancing their menu with three types of pepperoni, catering to fans during the busy basketball season. This pizza features made-from-scratch dough, marinara sauce, and mozzarella cheese for a bold taste. Available exclusively to Casey’s Rewards members from today, it will fully launch on March 1 until June 20 for $16.99 per large pie. Customers can also add an eight-count order of chicken wings for just $5 with any large pizza. To support this launch, Casey’s has engaged Tombras as their new marketing agency.
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