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.
Casey’s General Stores (NASDAQ: CASY) has appointed Gregory A. Trojan to its Board of Directors, expanding the board to ten members. With over 25 years of experience in retail and restaurant sectors, Trojan brings significant expertise, previously holding leadership roles at BJ’s Restaurants, Guitar Center, and PepsiCo. Board Chair Lynn Horak anticipates that his diverse consumer-focused experience will greatly benefit Casey’s growth. CEO Darren Rebelez expresses confidence in leveraging Trojan’s industry insights to enhance the company's foodservice programs and retail leadership.
Casey's General Stores reported Q4 and FY 2021 results, showing diluted EPS of $1.12 and $8.38 respectively. Fuel margin decreased to 33.0 cents per gallon, with fuel same-store gallons sold rising 6.4%. Inside same-store sales surged by 12.8%, driven by improved guest counts and strategic sourcing initiatives. Annual digital sales jumped 96%, with 3.6 million rewards members. The Buchanan Energy acquisition is expected to add $45 million in annual EBITDA. However, operating expenses increased significantly, anticipated to rise by mid-teen percentages in FY 2022.
Casey’s General Stores (NASDAQ: CASY) will announce its fourth quarter fiscal 2021 results on June 8, 2021, after market close. A conference call for discussing these results will take place on June 9, 2021, at 7:30 am CST. Interested parties can access a live webcast on Casey's Investor Relations webpage. The company operates over 2,300 convenience stores and is recognized as a leading retailer in this sector, as well as the fifth-largest pizza chain in the U.S.
Casey’s General Stores, Inc. (Nasdaq: CASY) has successfully completed the acquisition of Buchanan Energy, enhancing its presence in the Midwest, particularly in Nebraska and Illinois. This significant milestone marks the largest transaction in Casey's 52-year history, aligning with their strategic goal to add 345 stores by 2023. Casey's will divest six stores as required by the Federal Trade Commission, which won't materially affect the transaction's financial impact. The acquisition expands Casey's store count to over 2,300 and aims to integrate Bucky’s successful business model.
Casey’s (NASDAQ: CASY) is launching the 'Summer of Freedom' campaign, offering customers a chance to win a hometown concert featuring country artist Lee Brice. The sweepstakes runs from May 3 to September 7, 2021, enabling Casey’s Rewards members to win instant prizes while shopping. Featured promotions include the Lee Brice Combo for $5 and a Pizza Deal for $24.99. Casey’s encourages participation through purchases of food, drinks, and fuel, with rewards accumulating for sweepstakes entries. This initiative aims to enhance customer engagement and boost sales during the summer months.
Casey’s (NASDAQ: CASY) is hosting its ‘Here For Good’ Hiring Day on May 13, aiming to fill 5,000 positions across nearly 2,300 stores in 16 states. Open interviews will occur from 11 a.m. to 7 p.m. local time, seeking applicants for various roles including store staff, distribution, and support positions. Chad Frazell, Chief Human Resources Officer, emphasizes growth opportunities and flexible job hours as key benefits for prospective applicants.
Casey’s General Stores (NASDAQ: CASY) has appointed Paul Suarez as its first chief information security officer, enhancing its cybersecurity capabilities. With 35 years of experience in cybersecurity, Suarez will lead a new security team and collaborate with Chief Information Officer Adrian Butler. Previously, he served as the CISO for Walmart International and has extensive experience in telecommunications and network operations. His role will significantly impact Casey’s strategic plan by strengthening its security measures while maintaining the focus on guest safety and community service.
Casey’s General Stores (NASDAQ: CASY) has inaugurated a new $62 million distribution center in Joplin, Missouri, creating 125 jobs in the region. This facility is their third distribution center and aims to support 400 to 600 stores, complementing Casey's operations of over 2,200 convenience stores across the Midwest and South. The site is integral to Casey’s strategy for rapid store growth over the next two years, enhancing logistical capabilities and community support.
Casey’s General Stores (NASDAQ: CASY) launches new cheesy breadsticks made from scratch, featuring fresh dough and whole milk mozzarella cheese. The cheesy breadsticks, available in an 8-stick order with dipping sauces, promote a special price of $3.99 until May 31. As the fifth-largest pizza chain in the U.S., Casey’s emphasizes fresh food options, aiming to enhance customer experience with quality products. The initiative includes engaging customers through Casey’s Rewards, rewarding users with bonus points for purchases.
Casey’s General Stores (NASDAQ: CASY) has announced an agreement to acquire 49 stores in Oklahoma from Circle K Stores Inc. for $39 million in cash. The deal involves 46 leased and 3 owned properties, expected to close in the fiscal quarter ending July 31, 2021. The new stores will be supplied by Casey’s distribution center in Joplin, MO, enhancing their operational capacity and market presence.