Welcome to our dedicated page for Caseys Gen Stores news (Ticker: CASY), a resource for investors and traders seeking the latest updates and insights on Caseys Gen Stores stock.
The Casey’s General Stores Inc (CASY) news page on Stock Titan aggregates company announcements, earnings releases and corporate updates for this Fortune 500 convenience store and pizza retailer. Casey’s operates approximately 2,900 convenience stores and describes itself as the third-largest convenience store retailer and fifth-largest pizza chain in the United States, so its news flow often centers on store performance, food innovation and community initiatives.
Investors and followers of CASY can use this news feed to review quarterly and annual earnings results, where Casey’s reports metrics such as inside sales, prepared food and dispensed beverage performance, grocery and general merchandise trends, fuel gallons sold and fuel margins. These releases also discuss store count changes driven by new construction and acquisitions, as well as liquidity, capital spending, dividends and share repurchases.
Beyond financial results, Casey’s issues news about its food offerings and brand campaigns. Recent examples include the debut of the Barn Burner Chicken Pizza, created through the company’s annual pizza competition, and promotions around breakfast pizza tied to sports seasons. These stories illustrate how Casey’s uses its prepared food platform and pizza lineup to attract guests and differentiate its stores.
Casey’s news also highlights community and partnership efforts, such as the Cash for Classrooms round-up campaign benefiting schools, tuition giveaways with beverage partners, and fundraising for military-focused nonprofits and service dog programs. Together, these updates provide context on how Casey’s operates its convenience stores, manages its food and fuel businesses, and engages with the communities it serves. Bookmark this CASY news page to quickly access the latest company-issued information in one place.
Casey’s and Gatorade have announced a joint initiative to provide
Casey’s is running a giving campaign from now until November 29, encouraging guests to round up their purchase totals to support veterans through organizations such as Hope For The Warriors and Children of Fallen Patriots. This initiative aims to provide scholarships and assistance to military families, with Casey’s having raised funds for these causes since 2012. On Veterans Day, November 11, service members can receive a complimentary coffee at local Casey’s stores. The campaign reinforces Casey’s commitment to supporting military families and enhancing community welfare.
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ParTech, Inc. (PAR) has introduced a new subscription feature for its loyalty software, Punchh, designed for enterprise restaurants and convenience stores. This innovation allows brands to manage subscription programs, capitalizing on the rapidly growing food and beverage subscription market, which is worth over $105 million annually. The feature enhances customer engagement through tailored offers and can lead to increased revenue and customer loyalty. Notably, major brands like Yum! Brands (YUM) and Casey’s (CASY) are already leveraging Punchh to boost their sales.
Casey’s has opened its 2023 Cash for Classrooms grant program, accepting applications until November 30, 2022. The program, now in its third year, supports K-12 public and non-profit private schools in the communities where Casey’s operates. Over $2 million has been awarded through nearly 200 grants since launch, with grants ranging from $3,000 to $50,000 for various educational projects. Grant awards are set for March 2023. More details can be found on Casey’s community website.
ParTech, Inc. (PAR) has enhanced its Punchh loyalty software with three new machine-learning features: Feedback Sentiment, Smart Segments, and Send Time Optimization. These improvements enable restaurant operators to better personalize loyalty programs by analyzing guest feedback, segmenting audiences based on loyalty behavior, and optimizing marketing communication timing. Over 200 global brands, including Yum! Brands (YUM) and Casey’s (CASY), utilize Punchh for boosting customer engagement and revenue. This innovation reinforces PAR's commitment to leading the restaurant technology industry.
Casey's, the third largest convenience retailer in the U.S., has selected Graphite Connect to enhance its procurement processes amid a digital transformation. The platform aims to simplify and expedite supplier onboarding and data management, reducing issues related to outdated supplier data. Jaime Robles, VP of Procurement at Casey's, emphasized the need for a solution like Graphite Connect to improve procurement efficiency. The platform serves as a secure social network for managing supplier risks and data collaboratively, facilitating quicker onboarding and better governance.
Casey's General Stores (CASY) reported strong financial results for the three months ended July 31, 2022. Diluted EPS rose to $4.09, marking a 28% increase year-over-year, and net income surged to $152.9 million, up from $119.2 million. Inside same-store sales grew 6.3%, driven by prepared foods and beverages, while total inside gross profit increased 8.8% to $504.3 million. Fuel gross profit also saw a significant 31.4% rise to $308.2 million, though fuel gallons sold declined 2.3% on a same-store basis. The company maintains its fiscal 2023 outlook, expecting same-store inside sales to rise 4% to 6%.
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Casey’s General Stores (NASDAQ: CASY) has appointed Mike Spanos to its Board of Directors, increasing the board size to 12 members. Spanos brings over 28 years of leadership experience in the hospitality and food and beverage sectors. Previously, he served as president and CEO of Six Flags Entertainment and led PepsiCo's operations in Asia, the Middle East, and North Africa, where he achieved significant revenue growth. Board chair Lynn Horak believes Spanos's expertise in supplier relationships will enhance the company's growth strategy.