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.
Casey's General Stores, Inc. operates a convenience-store and prepared-foods business built around fuel, grocery and general merchandise, pizza, bakery items, beverages and snacks. The company operates more than 2,900 stores in 19 states across the Midwest and Southern United States and identifies itself as the third-largest convenience store retailer and fifth-largest pizza chain in the United States.
Recurring CASY news includes quarterly operating results, same-store inside sales and fuel trends, prepared-food and dispensed-beverage performance, menu additions such as pizza and sides, product-supplier innovation, community grant programs and corporate-status updates such as index inclusion.
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Casey’s (NASDAQ: CASY) has announced the launch of the PEPPERONI PEPPERONI PEPPERONI Challenge, starting from April 11-25. This engaging challenge invites customers to record themselves saying "pepperoni" as many times as possible within 10 seconds to win free pizza, Rewards points, and other prizes through the Casey’s app.
Additionally, Casey’s has recently introduced a new pizza, the PEPPERONI PEPPERONI PEPPERONI, featuring various types of pepperoni on made-from-scratch dough, priced at $16.99. The challenge aims to promote this limited-time product while increasing engagement with Casey’s Rewards, which now boasts over 6 million members. Participants can engage daily, sharing videos on their social media for a chance to win.
Engine Capital LP, a 2.0% shareholder of Parkland Corporation (TSX: PKI), has urged its Board to explore strategic alternatives to enhance shareholder value. Engine believes Parkland could be valued at $45 per share if non-core assets are sold or spun off, thereby focusing solely on fuel and convenience retailing. Parkland's stock has underperformed compared to peers, trading at a significant discount with a market cap of approximately $4.9 billion. Engine recommends that the Board adopt best governance practices, refresh its leadership, and align management compensation with shareholder interests.
Casey's General Stores reported strong financial results for the three and nine months ended January 31, 2023. Diluted EPS rose 56% year-over-year to $2.67, aided by a $0.31 benefit from a one-time legal expense reduction. Inside same-store sales increased by 5.6%, with total inside gross profit climbing 11.6% to $450.6 million. Total fuel gross profit also rose 10.4% to $262.6 million despite a slight decline in same-store fuel gallons sold. Operating expenses surged by approximately 5%, although a one-time legal matter relief helped manage costs. Casey's anticipates same-store inside sales growth of 6% to 7% for the fiscal year.
Casey’s partners with Monster Energy to combat food insecurity, aiming to provide 10 million meals for children and families from now until April 4. The initiative will benefit 53 Feeding America® food banks across 16 states where Casey's operates. Casey's guests can contribute by rounding up their purchases, donating during online orders, or participating in the 'Buy a Meal, Give a Meal' campaign. The campaign underscores the ongoing challenge of food insecurity, particularly among rural communities, where approximately one in eight children are at risk of hunger.
Casey’s (NASDAQ: CASY) introduces the limited-time PEPPERONI PEPPERONI PEPPERONI pizza, enhancing their menu with three types of pepperoni, catering to fans during the busy basketball season. This pizza features made-from-scratch dough, marinara sauce, and mozzarella cheese for a bold taste. Available exclusively to Casey’s Rewards members from today, it will fully launch on March 1 until June 20 for $16.99 per large pie. Customers can also add an eight-count order of chicken wings for just $5 with any large pizza. To support this launch, Casey’s has engaged Tombras as their new marketing agency.
Casey’s General Stores, Inc. (Nasdaq: CASY) is set to release its third quarter fiscal 2023 results on March 7, 2023, after market close. A conference call and webcast will follow on March 8, 2023, at 7:30 AM Central. With over 2,400 locations, Casey’s stands as the third-largest convenience store chain and the fifth-largest pizza chain in the U.S. The company is known for freshly prepared food, quality fuel, and excellent service. Investors can access the live and recorded webcasts through Casey’s Investor Relations page.