Nitheesh NH
Most Recent Quarter (2Q19)
Annual Financial Results
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Fiscal year ends April 30
*Trailing 12 months ended Oct. 31, 2018[/caption] Company Profile Casey’s General Stores Inc., founded in 1959 and headquartered in Ankeny, Iowa, operates convenience stores under the Casey’s and Casey’s General Store banners. The company offers freshly prepared food, beverages, tobacco products, health and beauty aids, automotive products, pet supplies, and other nonfood items to US consumers in the Midwest. It also sells fuel on a self-service basis and operates two stores selling tobacco products under the Tobacco City name as well as one grocery store. As of Nov. 20, 2018, the company operated a total of 2,097 stores in the U.S. As of April 30, 2018, the company had 17,917 full-time employees and 19,288 part-time employees. Strategy Casey’s specifically aims to tap underserved markets in the Midwest by serving smaller communities not covered by large national convenience stores and grocery stores. The company strives to bolster store performance and traffic through digital engagement, its loyalty program and product price optimization. Casey’s is also remodeling stores and making acquisitions to increase its scale and performance. Revenue Breakdown (2018)
Recent Developments
Management Team
Annual Financial Results
[caption id="attachment_56359" align="aligncenter" width="820"] Fiscal year ends April 30*Trailing 12 months ended Oct. 31, 2018[/caption] Company Profile Casey’s General Stores Inc., founded in 1959 and headquartered in Ankeny, Iowa, operates convenience stores under the Casey’s and Casey’s General Store banners. The company offers freshly prepared food, beverages, tobacco products, health and beauty aids, automotive products, pet supplies, and other nonfood items to US consumers in the Midwest. It also sells fuel on a self-service basis and operates two stores selling tobacco products under the Tobacco City name as well as one grocery store. As of Nov. 20, 2018, the company operated a total of 2,097 stores in the U.S. As of April 30, 2018, the company had 17,917 full-time employees and 19,288 part-time employees. Strategy Casey’s specifically aims to tap underserved markets in the Midwest by serving smaller communities not covered by large national convenience stores and grocery stores. The company strives to bolster store performance and traffic through digital engagement, its loyalty program and product price optimization. Casey’s is also remodeling stores and making acquisitions to increase its scale and performance. Revenue Breakdown (2018)
Recent Developments
| Date | Development |
| Nov 20, 2018 | Casey’s acquires seven Tri-Par Oil Co. outlets in Wisconsin, giving it 34 locations in the state. |
| Nov 6, 2018 | Casey’s continues to expand throughout the Dayton, Ohio, region and announces the opening of a new store in Xenia, Ohio, where it acquired a property for $784,000. |
| Oct 12, 2018 | Casey’s partners with Prime the Pump, a nonprofit dedicated to making higher-biofuel blends available. The partnership will see Casey’s expand its offering of E15, a fuel with 15% ethanol, to potentially more than 500 of its locations over the next few years. |
- Terry W. Handley, President and CEO
- William J. Walljasper, CFO
- John Soupene, SVP of Operations
- Chris Jones, CMO
- Julia Jackowski, Corporate General Counsel and Secretary
- Cindi Summers, SVP of Human Resources
- Brian J. Johnson, SVP of Store Development
Source: Company reports/Bloomberg/S&P Capital IQ/Coresight Research
Sector Overview- For context on this company, please refer to our report Sector Overview: Convenience Stores.