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Casey's General Stores, Inc. - $CASY STOCK NEWS

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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.

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Casey’s General Stores (NASDAQ: CASY) announced the appointment of Maria Castañón Moats to its Board of Directors effective July 1, 2024. Moats will retire from PricewaterhouseCoopers (PwC) on June 30, 2024, before joining Casey’s. Her addition will expand the Board to eleven members. Moats brings over 30 years of public accounting experience and has held notable leadership roles at PwC, including Vice-Chair and Chief Diversity Officer. Casey’s is a Fortune 500 company, operating over 2,600 stores and known for its convenience retail and pizza chain operations.

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Casey's General Stores (NASDAQ: CASY) reported its financial results for Q4 and Fiscal Year 2024. Key highlights include a 57% increase in diluted EPS to $2.34 for Q4, with net income rising 55% to $87 million. Inside same-store sales grew 5.6%, with a 41.2% margin, contributing to a 16.2% increase in total inside gross profit to $517.6 million. Fuel same-store gallons sold rose 0.9%, and fuel gross profit increased 15.4% to $253.6 million. For the fiscal year, diluted EPS was up 13% to $13.43, and net income increased 12% to $502 million. The company expanded its store count to 2,658 and recorded a 16% quarterly dividend increase. Casey's aims to grow EBITDA by at least 8% and add 100 stores in fiscal 2025.

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Casey's is awarding $1 million through its Cash for Classrooms program to 60 schools in its 17-state footprint. The grants, ranging from $3,000 to $50,000, support educational materials, technology, school equipment, and learning activities. Since 2020, Casey's has awarded over 320 grants to schools. This year's notable grants include $50,000 for a playground in Omaha, $35,700 for book vending machines in Des Moines, and $25,000 for a College and Career Center in Knoxville. The 2024 grant cycle will reopen in the fall. Casey’s operates over 2,600 convenience stores and is a major player in the U.S. convenience and pizza retail market.

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Casey's General Stores (NASDAQ: CASY), a leading US convenience store chain, will release its fourth quarter and fiscal year 2024 results after market close on June 11, 2024. The company will hold a conference call and webcast on June 12 at 7:30 am Central to discuss the results. The live webcast will be available on Casey's Investor Relations page, with an audio replay accessible for twelve months. Casey's operates over 2,600 stores and ranks as the third-largest convenience store chain and fifth-largest pizza chain in the US. The company offers freshly prepared foods, quality fuel, and friendly service across its locations.

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Casey's (NASDAQ: CASY) has launched new BBQ Pulled Pork menu items just in time for summer. The offerings include a BBQ Pulled Pork Pizza and King’s Hawaiian® Pulled Pork Sliders, both featuring Sweet Baby Ray's® barbecue sauce. The BBQ Pulled Pork Pizza, priced at $16.99, features a made-from-scratch dough topped with mozzarella, slow-smoked pulled pork, bacon, cheddar cheese, red onion, and thick-cut pickles. On National BBQ Day (May 16), the pizza will be available for $10. The King’s Hawaiian Pulled Pork Sliders, priced at $6.49, come with hand-trimmed, slow-smoked pulled pork on King's Hawaiian® slider buns. Additional summer deals include discounts on large specialty pizzas and various promotions running through September 3. Casey’s operates over 2,600 convenience stores and is the fifth-largest pizza chain in the U.S.

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Casey’s announced a new brand campaign, 'It's Not Crazy, It’s Casey’s', emphasizing contemporary convenience, craveable food, and personalized guest experience. The campaign aims to differentiate Casey’s in the convenience store market, showcasing its high-quality food offerings, unique menu options, and value-driven products. The brand positioning highlights Casey’s growth, food innovation, freshly prepared offerings, and the surprising reality of getting restaurant-quality food at a convenience store. With over 2,600 locations across 17 states, Casey’s has expanded into new markets, offering outstanding food, friendly service, and innovative products to its guests.

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ParTech, Inc. (PAR) partners with Wendy's to enhance its loyalty program using PAR Punchh's AI-driven platform and loyalty expertise. Wendy's aims to offer targeted promotions and gamified experiences to improve customer engagement across its 6,500 locations in the US and Canada.
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Casey's, a leading convenience retailer, is ramping up store-level hiring for summer 2024 and introduces internal Career Fairs to promote recruitment and retention. The company emphasizes structured career growth programs, comprehensive benefits, and team member engagement.
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Casey’s General Stores, Inc. reports financial results for the third quarter with diluted EPS of $2.33, down 13% from the same period last year. Net income and EBITDA also decreased by 13% and 2%, respectively. Inside same-store sales increased by 4.1%, with inside gross profit up by 11.3%. Total fuel gross profit decreased by 2.0%. The Company reaffirms its annual outlook for fiscal 2024.
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Casey’s (CASY) introduces a new sandwich line-up to enhance its food offerings, including Crispy Chicken, Spicy Crispy Chicken, Quarter Pound Angus Beef Burger, and Breaded Pork Sandwich. The company aims to cater to time-strapped on-the-go guests with these fresh, craveable, and portable options, receiving positive feedback during a soft launch. Additionally, a promotional offer of a 49-cent medium fountain drink with sandwich purchases is available until April 30, 2024.
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FAQ

What does Casey's General Stores Inc do?

Casey's operates over 2,500 convenience stores in the Midwestern U.S., offering self-service gasoline, grocery items, and freshly prepared foods.

When was Casey's General Stores Inc founded?

Casey's was founded in 1959 by Don Lamberti in Des Moines, Iowa.

Where are Casey's General Stores primarily located?

Casey's stores are mainly located in the Midwestern United States, focusing on small and rural communities with populations of fewer than 5,000 people.

What products does Casey's General Stores offer?

Casey's offers self-service gasoline, grocery items, and freshly prepared foods such as pizza, donuts, and sandwiches.

Does Casey's General Stores own its real estate?

Yes, Casey's owns most of its real estate, including stores, distribution centers, and various facilities.

What digital initiatives has Casey's General Stores introduced?

Casey's has introduced a mobile app and an online ordering system to enhance the customer experience.

Is Casey's General Stores expanding its market presence?

Yes, Casey's is actively expanding through strategic partnerships and acquisitions to diversify its product offerings.

How does Casey's distribution system work?

Casey's operates its own distribution centers, ensuring timely and efficient delivery of products and fuel to its stores.

What makes Casey's stores unique?

Casey's stores are known for their cleanliness, well-maintained facilities, and excellent customer service.

How does Casey's General Stores ensure product quality?

Casey's vertical integration and ownership of most of its supply chain help maintain consistent product quality.

Casey's General Stores, Inc.

Nasdaq:CASY

CASY Rankings

CASY Stock Data

13.77B
36.79M
0.49%
88.45%
2.36%
Supermarkets and Other Grocery (except Convenience) Stores
Retail Trade
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United States of America
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