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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.
AtoB and Casey’s have partnered to reduce fuel costs for fleet drivers. Starting immediately, AtoB card holders save seven cents per gallon on gasoline and diesel purchases at Casey’s 2,400 locations across 16 Midwest states. The discount is automatically applied with no activation needed, and it will be reflected in the customers' weekly transaction reports. This collaboration aims to provide fleet operators with more affordable fuel options amidst rising costs, enhancing AtoB's network of financial services for fleets.
Casey’s General Stores (Nasdaq: CASY) will release its second quarter fiscal 2023 results on December 6, 2022, after market close. A conference call will take place on December 7 at 7:30 AM Central, where the quarterly results will be discussed. Investors can access a live webcast on Casey’s Investor Relations page, with an audio replay available for twelve months. As a leading convenience store chain with over 2,400 locations, Casey’s continues to provide quality fuel and freshly prepared foods alongside a variety of snacks and beverages.
Casey’s and Gatorade have announced a joint initiative to provide $60,000 in funding to three youth sports organizations in location value="LU/us.tn.knxvle"Knoxville, location value="LU/us.mo.kancty"Kansas City, and location value="LU/us.ok.oklcty"Oklahoma City. Each organization will receive $20,000 to improve access and resources for underserved communities. The funds will support equipment purchases and program expansion. This initiative aims to eliminate barriers to sports participation for youth, especially post-COVID-19.
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%.