Caseys Gen Stores Stock Price, News & Analysis

Casey's General Stores (CASY) has completed its largest-ever acquisition, purchasing Fikes Wholesale, owner of CEFCO Convenience Stores. The deal adds 148 stores in Texas and 50 stores across Alabama, Florida, and Mississippi, bringing Casey's total store count to approximately 2,900 locations. The acquisition aligns with the company's strategic plan presented at their June 2023 Investor Day. Additionally, Casey's expects its fuel margin for Q2 ended October 31, 2024, to be approximately 40 cents per gallon.

Casey's (NASDAQ: CASY) launches a fundraising campaign from November 6 to December 3 to support military veterans and their families through two nonprofit organizations: Hope For The Warriors and Children of Fallen Patriots Foundation. Customers can participate by rounding up their in-store purchases or adding donations to online orders. PepsiCo is contributing with a $25,000 donation. Since 2012, Casey's has donated over $10 million to these organizations. On Veterans Day, Casey's offers free coffee or fountain drinks to veterans, and extends this offer year-round to active-duty military and on-duty first responders.

Casey's (NASDAQ: CASY) has opened applications for its 2025 Cash for Classrooms grant program, running from now until November 15, 2024. The program supports projects at accredited K-12 public and non-profit private schools in the 17 states where Casey's operates. Since its inception in 2020, the program has awarded over 300 grants totaling more than $4 million to schools.

Grants of up to $50,000 can be requested for various projects focusing on physical improvements, material needs, teacher support, and community engagement initiatives. Recent examples include playground enhancements, book vending machines, and a College and Career Center. The grants are funded through Casey's annual Cash for Classrooms round-up campaign, with awards to be announced in March 2025.

Casey's General Stores (Nasdaq: CASY), a leading U.S. convenience store chain, will host an Analyst Day at its Store Support Center in Ankeny, IA on October 15, 2024. The event will include a live webcast of a brief presentation and Q&A session starting at approximately 12:30pm CT.

The webcast will be available on Casey's Investor Relations page, with an audio replay accessible for twelve months. Casey's, a Fortune 500 company, operates over 2,600 convenience stores and is the third-largest convenience store retailer and fifth-largest pizza chain in the United States. Founded over 50 years ago, Casey's offers freshly prepared foods, quality fuel, and friendly service, including pizza, donuts, bakery items, beverages, and snacks.

Casey's (NASDAQ: CASY) has launched a new Jalapeño Popper Pizza just in time for football season. This innovative pizza features Philadelphia® Whipped Cream Cheese, a blend of real cheddar and mozzarella cheeses, smoky bacon, mild pickled jalapeños, and a drizzle of Mike's Hot Honey. As the fifth-largest pizza chain in the U.S., Casey's continues to lead in food innovations within the convenience store sector.

The company is offering several promotions, including 50% off a large single topping pizza with the purchase of any large pizza, $15 large breakfast pizzas from Sept. 12-15, and a $10 large pepperoni pizza on Sept. 20 for National Pepperoni Pizza Day. Casey's operates over 2,600 convenience stores across the country and is ranked as a Fortune 500 company.

Casey's General Stores (NASDAQ: CASY) reported strong financial results for Q1 2024, ending July 31. Key highlights include a diluted EPS of $4.83, a 7% increase YoY, and net income of $180 million, up 6%. EBITDA rose 9% to $346 million.

Inside same-store sales increased 2.3%, driven by prepared food and beverages, with an inside margin of 41.7%. The total inside gross profit grew 10.4% to $614.3 million. Fuel same-store gallons increased 0.7%, with a fuel margin of 40.7 cents per gallon, and total fuel gross profit rose 5.9% to $314.5 million.

Operating expenses increased 9%, partly due to running 138 additional stores. Same-store labor hours decreased by 2%. The strategic Fikes Wholesale acquisition is expected to close in 2024, adding 198 stores.

Casey's has $1.2 billion in liquidity, including $305 million in cash. The company did not repurchase shares this quarter and declared a quarterly dividend of $0.50 per share.

Casey's (NASDAQ: CASY) is bringing back the Ultimate Waffle Breakfast Sandwich, a popular item featuring bacon, sausage, and eggs between maple waffles. To celebrate National Waffle Day, Casey's Rewards members can save a $1.99 offer from August 24-28, redeemable until September 15. The sandwich will be available in 100 Des Moines metro stores starting August 24 and roll out across Casey's locations on September 4.

Tom Brennan, Chief Merchandising Officer, noted high demand for the sandwich's return. Casey's, a Fortune 500 company, operates over 2,600 convenience stores and is the third-largest convenience store retailer and fifth-largest pizza chain in the US.

Casey's General Stores (Nasdaq: CASY), a leading U.S. convenience store chain, has announced the timing for its first quarter fiscal 2025 earnings release and conference call. The company will release its financial results after market close on September 4th, 2024, followed by a conference call and webcast on September 5th at 7:30am central to review the results.

Investors and interested parties can access the live webcast on Casey's Investor Relations page. An audio replay will be available on the company's website for twelve months. Casey's, a Fortune 500 company, operates over 2,600 convenience stores and is the third-largest convenience store retailer and fifth-largest pizza chain in the United States.

Casey's (NASDAQ: CASY) has announced its first-ever Innovation Summit, aimed at identifying innovative food and beverage brands for distribution across its 2,600+ stores in 17 states. As the third-largest convenience store and fifth-largest pizza chain in the U.S., Casey's is seeking new brand partnerships to expand its product offerings.

Food and beverage companies can apply online through August 19 for a chance to showcase their products to Casey's merchants. Selected applicants may be invited to attend the in-person Innovation Summit in Ankeny, Iowa, on October 30, 2024. This initiative aligns with Casey's commitment to providing high-quality, affordable products that meet customer needs while offering an unexpected convenience experience.