Despite the global recession, convenience stores have thrived thanks to their ability to provide fast service, quality products and great value in strategic locations. As service and location remain the industry’s primary competitive advantage over supermarkets, drug stores and mass merchandisers, many of whom are moving into the fuel and fresh food business, convenience stores [...]
Customer donations help send children to MDA Summer Camp. Casey’s General Stores Inc. with help from Casey’s customers has raised more than $750,000 to support the Muscular Dystrophy Association (MDA). Throughout the month of August and concluding on Labor Day, Casey’s customers were asked to donate $1 or $5 to help send a child to [...]
With an aggressive expansion and remodeling plan underway, Casey’s General Stores is in firm control of its future and sits atop the list of Chains to Watch in 2013. By: Erin Rigik, associate editor. Casey’s General Stores has come a long way in two years. The convenience store chain is branching into new territory, pushing [...]
Kum & Go divests 22 sites to Casey’s General Stores. Casey’s General Stores is officially moving into the North Dakota market as it acquires 22 stores from Kum & Go. The stores are located in Iowa (19), Missouri (2) and North Dakota (1). “These stores are an excellent fit to our existing store base and [...]
Casey’s General Stores posted a quarterly profit that exceeded estimations, helped by higher margins at its prepared foods and grocery businesses, and sending its shares up about 5% in extended trading, Reuters reported. Casey’s net income fell slightly to $39 million, or $1.01 per share, from $39.4 million, or $1.03 cents per share, a year [...]
“Food is the future of (the c-store) industry,” says Jeff Lenard, NACS vice president to The Gazette, an Eastern Iowa newspaper. Food sales accounted for 16.9% of a record $195 billion of in-store sales at convenience stores in 2011, according to the National Association of Convenience Stores (NACS), which means many c-store chains have been [...]
Pizza sales are up at Casey’s thanks to the expansion of its pizza delivery service. Casey’s General Stores Inc. noted a 16.8% jump in same-store sales for its prepared food and fountain line when it reported its earnings results earlier this week. The expansion of the Casey’s pizza delivery program played a big factor in [...]
Casey’s reports significant sales and margin gains in its fiscal fourth-quarter. Casey’s General Stores Inc. reported a 1.4% increase in earnings for the fiscal fourth-quarter due to strong sales and higher margins inside its stores, which offset impacts of lower gasoline margins. The Iowa-based company’s revenue has grown for more than two years due to [...]
Construction is set to start on first Tennessee store in Dyersburg this June. Casey’s General Stores Inc. has completed its final due diligence and will break ground on its first site in Tennessee in June. This store will be located in Dyersburg, Tenn. and will mark the 13th state in Casey’s area of operations. “We [...]
Exemption on utilities, machinery, equipment and materials used or consumed in manufacturing or processing, does not extend to the preparation of food for retail sale, the Court rules. The Missouri Supreme Court has denied a Casey’s General Stores convenience store and restaurant a partial sales tax exemption for electricity used to prepare food for sale. [...]
Casey’s takes on a 12th state as it prepares to break ground on its new Kentucky store. Casey’s General Stores Inc. has announced that the company has completed its final due diligence and will break ground on its first site in Kentucky later this month. This store will be located in Cadiz, Ky. and will [...]
In an effort to grow its foodservice business, Casey’s is expanding its menu to include pizza delivery. By Joe Bush, Contributing Editor. Casey’s General Stores has sold pizza for more than a quarter century making it one of the earliest convenience store chains to do so. Now, in an effort to expand its customer base, [...]
By Brian L. Milne, Refined Fuels Editor, Telvent DTN On Monday (12/12), the Energy Information Administration (EIA) reported the fourth consecutive weekly decline in its regular grade gasoline average, which fell 1.6 cents from the prior week to $3.274 gallon. That’s a nearly 10-month low in the average, although its 10% higher than during the [...]
A favorable gas margin and strong inside sales, give Casey’s a 15.6% increase in total gross profit for the fiscal Q2 2012. Casey’s General Stores Inc. has reported it’s second quarter results for fiscal 2012. The company reported $0.99 in basic earnings per share for the second quarter of fiscal 2012 ended Oct. 31, [...]
For the week through Dec. 5 U.S. wholesale gasoline costs mostly increased, while activity in the European Union coupled with heightened rhetoric from Iran are seen pushing gasoline prices even higher. Additionally, Sunoco Inc. announced Dec. 1 that it was beginning to idle the main process units at it Marcus Hook refinery near Philadelphia, Pa., [...]