Our fans know they have been behind us since the beginning, and they show their appreciation by choosing Casey’s whenever they need gas, snacks, or ‘homemade’ donuts and pizza. “We asked them to help us with our first NASCAR K&N Pro Series race of 2013, and they agreed without hesitation. “Casey’s has been a great promotional partner of Iowa Speedway, literally from our first full season in 2007,” said Iowa Speedway President, Stan Clement. With corporate headquarters located in Ankeny, Iowa, Casey’s General Stores has been a strong backer of Iowa motorsports events and venues for over 30years, and is in turn supported by race fans who appreciate the convenience store chain’s sponsorship of the sport. “Casey’s is delighted with our first opportunity to sponsor this exciting challenge between up and coming drivers from across the country.” West’ challenge has been a very competitive race the past few years, and has created genuine excitement for race fans,” said Bob Myers, President & CEO of Casey’s General Stores. “We know the NASCAR K&N Pro Series ‘East vs. Now known as the ‘Casey’s General Stores 150’, the late spring event will feature a large group of entries from the West and East divisions of NASCAR’s premier regional touring series, and will showcase stock car racing’s future stars from both coasts in a 150-lap contest over Iowa Speedway’s fast 7/8-mile tri-oval. West’ challenge race on Saturday evening, June 7. Reports Sound Fourth Quarter and Sets Goals for FY2003 – Caseys.Officials at Iowa Speedway have confirmed that Casey’s General Stores has signed on to be the title sponsor for the Newton track’s NASCAR K&N Pro Series ‘East vs. General Stores’ 4th Quarter Conference Call – Good at – meeting the needs of its consumers. Only make Casey’s more effective at doing something that it is all ready very Watch out when the chain becomes fully automated because it will is looking for a Customer Service Representative to be located in Newton, IA. So we can compete with the Wal-Marts.”Ĭasey’s has begun the process of putting scanners in Caseys (128) State of Iowa (124) OneStaff Medical (113) Teach Iowa (101) McDonalds (99) Dollar General (92) Kum & Go (72) H&R Block (71) The Staff Pad (69) State Farm Mutual Automobile Insurance Company (68). This store, remodeled and found that we could compete with them and actually “We just boughtĪ competitor that was right next to a Wal-Mart store in Newton, Iowa. Wal-Mart in yesterday’s conference call with financial analysts. On a show of false bravado when he addressed a question about competing with Ron Lamb, chief executive of Casey’s was not simply putting This convenience store goes about its business. ![]() ![]() Moderator Comment: Has POS scanning become a competitive and management necessity for retail operations?Īs you could tell when we put Casey’s on our personalĬhief Rates Chain a 6 Out of 10, RetailWire 6/6/02), we love the way Lamb says, “We’ve already implemented several technological initiatives to strengthen margins in fiscal 2003, and on the expense side, we should benefit with the shift from building to buying stores.” At year-end, there were 1,258 corporate stores compared to Casey’s expansion goal of 1,299. ![]() However, margins were 36.9 percent for the quarter, 36.7 percent for the year, lower than its goal to maintain a 38.7 percent average margin, which it attributes primarily to the volatility in the pricing of cigarettes and the high cheese prices. Management attributed the volume growth, up 8.5 percent for the quarter and 15.9 percent for the year, to adding pay at the pump at 467 stores and to matching the competition in aggressive pricing.Ĭasey’s met its performance goal for inside sales, which were up 14.7 percent for the quarter with a 14 percent increase in gross profit and up 17 percent for the year. Two of the company’s five performance goals for fiscal 2002 were for gasoline: to increase total gallons sold 15 percent and to maintain an average margin of 10.5 cents per gallon. ![]() “More gratifying were the recent positive results in gross profit dollars that show us we have reason to be optimistic about greater profitability in fiscal 2003.” Gross profit was up 19 percent to $93.8 million for the quarter and up 8.1 percent to $392.3 million for the year. “We achieved the top-line growth we were looking for,” says Donald F. Earnings were nine cents per share compared with three cents for the last quarter of fiscal 2001, and 64 cents per share versus 71 cents for the prior fiscal year. Casey’s General Stores reports increased basic earnings for the fourth quarter and for the entire year.
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