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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 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.
Casey’s General Stores has appointed Sri Donthi to its Board of Directors, increasing the total number of directors to eleven. Donthi brings over 25 years of experience in information technology, having served as Executive Vice President and Chief Technology Officer at Advance Auto Parts (AAP). His expertise in leveraging technology for business value is expected to enhance Casey’s operations and growth. Board Chair Lynn Horak and CEO Darren Rebelez expressed that Donthi's addition will support Casey’s digital transformation efforts.
Casey’s (NASDAQ: CASY) has introduced a limited-time BBQ Brisket pizza featuring made-from-scratch dough and high-quality smoked brisket. The pizza is topped with BBQ sauce, mozzarella, cheddar, jalapenos, and red onion, available for $16.99. This launch coincides with Casey’s 'Summer of Freedom' promotion, where Rewards members can win prizes, including free fuel and instant rewards. Casey’s, a leading convenience store and pizza retailer in the U.S., aims to enhance summer pizza experiences with this innovative offering.
Casey’s has partnered with MTN DEW to introduce the exclusive flavor, MTN DEW OVERDRIVE, launching in June across over 2,400 Casey’s convenience stores. This new drink combines mango, raspberry, and lime for a refreshing taste ideal for outdoor activities. Together, the brands aim to attract consumers seeking flavorful products to enjoy with Casey’s pizza. Marketing efforts include a playful mascot, Benny the Bearalope, to engage fans during summer adventures.
Casey’s General Stores, Inc. (Nasdaq: CASY) will host sell-side analysts on June 14, 2022, at its Store Support Center in Ankeny, IA. The event will feature a live webcast starting at 10:30 AM Central, available on the Investor Relations page of Casey’s website. An audio replay will be accessible for twelve months for those who cannot attend live. Casey’s operates more than 2,400 convenience stores and is a prominent player in the pizza market, providing fresh foods and quality fuel.
Casey’s General Stores, Inc. (CASY) reported robust financial results for Q4 and FY 2022, with a diluted EPS of $1.60, up 43% year-over-year. Inside same-store sales rose by 5.2%, while fuel same-store gallons increased by 1.5%. The company marked a record in total store growth, adding 228 stores, including 207 acquisitions. A quarterly dividend was raised by 9% to $0.38 per share, reflecting 23 consecutive years of increases. Despite inflationary pressures, Casey’s retained strong inside and fuel margins, demonstrating resilience in challenging market conditions.
Casey’s has achieved a significant milestone, surpassing 5 million members in its Casey’s Rewards loyalty program since its launch in early 2020. This digital-first initiative allows customers to earn points on purchases, redeem them for discounts, fuel, or donations to local schools. About 50% of members shop using Rewards monthly, enhancing customer engagement. The program plays a critical role in Casey's strategic marketing, exemplified by the ongoing Summer of Freedom Sweepstakes that incentivizes participation. This success positions Casey’s as a leader in personalized marketing.
Casey’s General Stores (Nasdaq: CASY) will release its fourth quarter fiscal 2022 results after market close on June 7, 2022. A conference call and webcast to discuss the results will be held on June 8, 2022, at 7:30 AM Central. Investors can access the live webcast on Casey’s Investor Relations page, with an audio replay available for twelve months. Founded over 50 years ago, Casey’s operates more than 2,400 locations and is a significant player in the convenience store and pizza markets.
Casey’s (NASDAQ: CASY) launches its Summer of Freedom Sweepstakes, offering participants chances to win exciting prizes, including summer adventures and free fuel. Guests can join via Casey’s Rewards through two main methods: playing the Scratch, Match, and Win Game in the app or website, and making qualifying purchases for prize drawings. Grand prizes include trips to Meramec River Resort, Big Cedar Lodge, or Backyard BBQ makeovers, with winners selected throughout the summer. For more details, visit www.caseys.com/summer.
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