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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 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.
Casey’s General Stores (Nasdaq: CASY) is set to participate in a non-deal roadshow with Stephens on April 21, 2022. The company reports a strong performance, projecting record diluted earnings per share for Q4 of fiscal 2022. Fuel sales have increased slightly year-over-year, with margins in the higher 30s cents per gallon. Inside same-store sales are up mid-single digits, although costs for cheese have risen significantly. Operating expenses have also exceeded previous guidance, increasing by mid-teens due to higher credit card fees associated with rising fuel prices.
Casey’s (NASDAQ: CASY), the third largest convenience retailer and fifth largest pizza chain, is organizing hiring events on March 23 and March 24 to fill 5,000 positions across its over 2,400 stores in 16 states. Open interviews will take place from 10 a.m. to 7 p.m. local time. The company aims to attract both full and part-time team members of all ages, offering a variety of roles, including management positions. Interested applicants can apply online or visit stores for immediate interviews.
Casey’s General Stores (Nasdaq: CASY) reported strong financial results for Q3 of fiscal 2022, with diluted EPS rising 64% to $1.71, driven by a 14.9% increase in total inside gross profit to $403.8 million. Same-store sales increased by 7.6%, and fuel gross profit soared 39.6% to $237.9 million, aided by a 5.7% rise in fuel gallons sold. The company also completed the acquisition of 40 stores from Pilot Corporation, bringing the total store count to over 2,400. Despite rising operating expenses, the results reflect Casey's resilience in a challenging macro environment.
Casey’s has announced the recipients of its 2022 Cash for Classrooms grants, benefiting 89 K-12 schools across 80 communities in the Midwest. The initiative, supported by over $1 million in funding from guests and partners, aims to enhance educational environments. Grants range from $3,000 to $50,000 and focus on physical improvements, material needs, teacher support, and community engagement. Notable awards include $50,000 for a Des Moines school and $45,000 for a Yukon, Oklahoma playground. The program reflects Casey’s commitment to community support and education enhancement.
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