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 (CASY) reported strong financial results for Q3 and nine months ending January 31, 2021. Diluted EPS rose to $1.04 from $0.91, a 14% increase. Fuel gross profit surged 37% with a margin of 32.9 cents per gallon, despite a 12.1% decrease in same-store fuel sales. Inside same-store sales grew by 2.1%, driven by digital sales rising 95%. The company maintains a robust balance sheet with $865 million in liquidity and plans to construct 40 new stores this fiscal year. A quarterly dividend of $0.34 per share is scheduled for May 17, 2021.
Casey's General Stores has launched its Cash for Classrooms grant program, awarding $1 million to K-12 schools through 99 grants. This initiative aims to support educational projects and material needs amidst challenges posed by the COVID-19 pandemic. Grants will fund physical improvements, such as new playgrounds, technology upgrades for remote learning, and teacher support like new computers. The funds were raised through donations during a January campaign, in partnership with LIFEWTR.
Casey’s General Stores has partnered with Feeding America to address food insecurity exacerbated by the COVID-19 pandemic. Their #HereforGood Hunger campaign has successfully provided over 15 million meals to families in need across 16 states, raising more than $1.5 million for local food banks. The initiative encouraged customers to round up purchases and contributed $1 for every Coca-Cola four-pack sold. As food banks face increased demand, Casey’s aims to further combat hunger in communities.
Casey’s General Stores, Inc. (NASDAQ: CASY) plans to announce its third quarter fiscal 2021 results after market hours on March 8, 2021. A conference call is scheduled for March 9, 2021, at 7:30 AM CST, to discuss the results. Those interested can access a live webcast on Casey’s Investor Relations page and a replay will be available for twelve months. Casey’s operates over 2,200 convenience stores across 16 states, emphasizing freshly prepared foods and quality service.
Casey’s General Stores, Inc. (Nasdaq: CASY) announced participation in the Jefferies Winter Summit on January 20, 2021, at 10:00 am Central Time. This virtual event allows investors to gain insights into the company’s operations and future strategies. Casey’s operates over 2,200 convenience stores across 16 states and ranks as the fourth-largest convenience store retailer and fifth-largest pizza chain in the U.S. The company focuses on providing freshly prepared foods, quality fuel, and friendly service.
Casey's General Stores (Nasdaq: CASY) announced its participation in the ICR Conference on January 13, 2021. The company provided third quarter-to-date fiscal 2021 results, indicating a decrease in same-store fuel gallons by low to mid-teens compared to Q3 2020, while fuel margins remain strong, over 30 cents per gallon. Inside same-store sales showed low single-digit growth, with grocery sales up mid-single digits but a decline in prepared food sales. Operating expenses rose slightly due to COVID-19 related costs. The acquisition of Buchanan Energy is under FTC review but is not expected to materially impact the deal.
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Casey’s General Stores (NASDAQ: CASY) has announced the launch of over 100 new private brand snack and beverage products, available in more than 2,300 stores starting January 2021. The expanded assortment includes snacks like chips, jerky, and nuts, alongside recently introduced packaged beverages and bakery items. This initiative aligns with Casey's strategic plan to enhance product offerings based on consumer insights. The updated branding debuted in October 2020, focusing on convenience and quality for a busy customer base.
Casey's General Stores (Nasdaq: CASY) has launched a month-long giving campaign in January, partnering with LIFEWTR to support K-12 public and nonprofit private schools across its 16-state operations. Customers can round up their purchases, with $1 donated for each LIFEWTR drink and Mega Slice purchased, up to $25,000. The company also continues its 'Cash for Classrooms' grant program, offering grants between $1,000 and $50,000 for various educational improvements, with recipients announced in March.
Casey's General Stores (CASY) reported strong financial results for Q2 and six months ended October 31, 2020. Diluted EPS rose to $3.00, up 36% from $2.21 YoY. Fuel gross profit surged 45% with a margin of 35.3 cents per gallon. Inside same-store sales increased by 3.5%, driven by improved sales across various categories. The Board increased the dividend by 6% to $0.34, payable February 15, 2021. Casey's is on track to finalize the acquisition of 94 Bucky’s stores, expected to be earnings accretive in fiscal 2022.