Caseys Gen Stores Stock Price, News & Analysis

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.

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%.