Caseys Gen Stores Stock Price, News & Analysis

Casey’s General Stores (Nasdaq: CASY) provided a business update ahead of its upcoming roadshow. For the third quarter, same-store inside sales are projected to increase by 5-7%, while same-store fuel gallons are expected to see a flat to 2% rise. Fuel margins remain stable compared to the previous quarter. Notably, the company received a $15 million one-time payment from resolved legal matters, positively impacting operating expenses. This payment was not included in prior guidance. Overall, the company's performance aligns with expectations, though expense growth is projected near the low end of the annual 9-10% range.

Salesforce (NYSE: CRM) announced that Casey's General Stores has enhanced customer engagement and revenue through its CRM technology. By consolidating marketing efforts, Casey's sent over 1 billion messages to 5.5 million rewards members. Utilizing the Genie Customer Data Cloud, Casey's now manages over 13 million customer profiles, driving 30% of digital revenue from Salesforce-activated channels. Art Sebastian, Casey's VP, expressed confidence in future growth, highlighting improved internal efficiencies and customer connections. The partnership with Salesforce helped modernize Casey's brand and streamline operations.

Casey's General Stores (CASY) reported strong financial results for the second quarter and six months ending October 31, 2022. Diluted EPS rose 42% to $3.67, with inside same-store sales increasing 7.9% year-over-year. Total inside gross profit was up 8.9% to $504.5 million, while fuel gross profit surged 22.7% to $284.4 million. Operating expenses increased 7.7% due to the operation of 83 additional stores and higher credit card fees. The company updated its fiscal 2023 outlook, now expecting same-store inside sales growth of 5-7% and operating expenses near the low end of previous estimates.

Casey’s has launched its annual holiday promotion, “24 Days of Casey’s Rewards,” offering special daily deals for Rewards members from December 1 to December 24. Each day, users of the Casey’s app can access exclusive offers, including free snacks, drinks, and bonus points. The loyalty program allows guests to earn points on purchases that can be redeemed for discounts or donations. Additionally, Casey’s introduces a new seasonal coffee flavor, Toasted Butter Pecan, and promotes its handmade pizza for holiday meals.

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 Knoxville, Kansas City, and 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.