Content about Casey's General Stores

December 11, 2012

Casey's General Stores Inc.'s reported Monday that its net income declined nearly 13% in its fiscal second quarter on lower sales of gasoline, groceries and cigarettes.

Ankey, Iowa -- Casey's General Stores Inc.'s reported Monday that its net income declined nearly 13% in its fiscal second quarter on lower sales of gasoline, groceries and cigarettes.

Casey's made $32.9 million in the quarter ended Oct. 31, down from $37.6 million in the year-ago period.

Revenue rose 7.2% to $1.91 billion. Same-store sales of gasoline fell 0.4%, while sales of merchandise dropped 0.7%. Cigarette sales were hurt by competitive pricing and an increase in an Illinois state excise tax, CEO Robert J. Myers said in a statement.

December 10, 2012

Alimentation Couche-Tard Inc. announced that it has signed, through its wholly owned indirect subsidiary, Mac's Convenience Stores LLC, an agreement to acquire 29 stores, 25 stores are located in Illinois, three in Missouri and one in Oklahoma.

Laval, Quebec City -- Alimentation Couche-Tard Inc. announced that it has signed, through its wholly owned indirect subsidiary, Mac's Convenience Stores LLC, an agreement to acquire 29 stores, 25 stores are located in Illinois, three in Missouri and one in Oklahoma. The transaction is anticipated to close in December 2012.

All the stores would eventually be rebranded under the Circle K brand. Couche-Tard’s Midwest division would operate 28 of them and the other one would be operated by the Southwest division.

September 11, 2012

C-store operator Casey's General Stores Inc. reported a profit of $39 million in the quarter ended July 31, compared with a profit of $39.4 million last year.

Ankeny, Iowa -- C-store operator Casey's General Stores Inc. reported Monday a profit of $39 million in the quarter ended July 31, compared with a profit of $39.4 million last year.

Results beat Wall Street expectations, although flat revenue of $1.87 billion missed forecasts of $1.93 billion in sales.

June 13, 2012

Casey's General Stores Inc. reported that its fiscal fourth-quarter profit fell short of expectations due to weak margins on gasoline sales.

Ankey, Ohio -- Casey's General Stores Inc. reported that its fiscal fourth-quarter profit fell short of expectations due to weak margins on gasoline sales.

The convenience store operator said that it earned $23.1 million for the quarter that ended April 30, up from $22.8 million last year. Revenue increased 13% to $1.75 billion.

Casey's said that its gas margins were down nearly two cents per gallon compared with last year. However, the company said it was able offset that with strong sales and margin gains inside its stores.

March 15, 2012

Casey’s General Stores said that it will break ground on its first site in Kentucky later this month.

Ankeny, Iowa -- Casey’s General Stores said Thursday that it will break ground on its first site in Kentucky later this month. This store will be located in Cadiz, Ky., and will mark the 12th state in which the c-store chain operates.

The Cadiz store is slated to open summer 2012, and will be followed by additional stores in Paducah and Henderson later this year, said the company.

Casey’s said it also has land under contract in Tennessee with plans to break ground next fiscal year as well.

March 6, 2012

Casey's General Stores Inc. reported Monday that profit for the third quarter rose 30% to $16.7 million, from $12.9 million a year earlier.

Ankeny, Iowa -- Casey's General Stores Inc. reported Monday that profit for the third quarter rose 30% to $16.7 million, from $12.9 million a year earlier. Casey's revenue rose from $1.37 billion to $1.58 billion.

Both figures missed Wall Street estimates.

September 8, 2011

Casey's General Stores said that its net income climbed 6% to $39.3 million in the most recent quarter, fueled by new stores.

Ankeny, Iowa -- Casey's General Stores said that its net income climbed 6% to $39.3 million in the most recent quarter, fueled by new stores. But rising costs for some commodities cut into its profit margins and its results fell shy Wall Street expectations.

The company's overall profit margin fell to 14.2% from 17.2%.

September 8, 2011

Casey's General Stores said that its net income climbed 6% to $39.3 million in the most recent quarter, fueled by new stores.

Ankeny, Iowa -- Casey's General Stores said that its net income climbed 6% to $39.3 million in the most recent quarter, fueled by new stores. But rising costs for some commodities cut into its profit margins and its results fell shy Wall Street expectations.

The company's overall profit margin fell to 14.2% from 17.2%.

June 14, 2011

C-store operator Casey's General Stores said Monday that profit for the quarter ended April 30 rose 4% to $22.8 million, compared with $21.9 million in the year-ago period.

Ankeny, Iowa -- C-store operator Casey's General Stores said Monday that profit for the quarter ended April 30 rose 4% to $22.8 million, compared with $21.9 million in the year-ago period.

Revenue surged 31% to $1.55 billion, surpassing Wall Street expectations of $1.57 billion in revenue. Same-store sales rose almost 5% on groceries and other merchandise and increased 12% on food and fountain drinks. Same-store gasoline sales fell 2% on rising prices.
 

June 14, 2011

C-store operator Casey's General Stores said Monday that profit for the quarter ended April 30 rose 4% to $22.8 million, compared with $21.9 million in the year-ago period.

Ankeny, Iowa -- C-store operator Casey's General Stores said Monday that profit for the quarter ended April 30 rose 4% to $22.8 million, compared with $21.9 million in the year-ago period.

Revenue surged 31% to $1.55 billion, surpassing Wall Street expectations of $1.57 billion in revenue. Same-store sales rose almost 5% on groceries and other merchandise and increased 12% on food and fountain drinks. Same-store gasoline sales fell 2% on rising prices.
 

February 15, 2011

Casey's General Stores said Tuesday it has signed a definitive purchase agreement to acquire 11 convenience stores from NuWay Cooperative of Trimont, Minn.

Ankeny, Iowa -- Casey's General Stores said Tuesday it has signed a definitive purchase agreement to acquire 11 convenience stores from NuWay Cooperative of Trimont, Minn.

All of the stores are located in Minnesota operating under the NuMart banner and will be immediately rebranded to Casey's, according to the company. Terms of the acquisition were not disclosed.

February 15, 2011

Casey's General Stores said Tuesday it has signed a definitive purchase agreement to acquire 11 convenience stores from NuWay Cooperative of Trimont, Minn.

Ankeny, Iowa -- Casey's General Stores said Tuesday it has signed a definitive purchase agreement to acquire 11 convenience stores from NuWay Cooperative of Trimont, Minn.

All of the stores are located in Minnesota operating under the NuMart banner and will be immediately rebranded to Casey's, according to the company. Terms of the acquisition were not disclosed.

December 8, 2010

Casey's General Stores reported on Wednesday that the costs of its recapitalization plan and its defense against hostile bids by competitor Canada’s Alimentation Couche-Tard take a bite out of its second-quarter net income.

Ankeny, Iowa -- Casey's General Stores reported on Wednesday that the costs of its recapitalization plan and its defense against hostile bids by competitor Canada’s Alimentation Couche-Tard take a bite out of its second-quarter net income.

Casey's said it earned $21.7 million for the quarter that ended Oct. 31, compared with $33.6 million in the same quarter last year. The results include roughly $19.4 million in expenses related to its recapitalization plan and the dispute with Couche-Tard.

December 8, 2010

Casey's General Stores reported on Wednesday that the costs of its recapitalization plan and its defense against hostile bids by competitor Canada’s Alimentation Couche-Tard take a bite out of its second-quarter net income.

Ankeny, Iowa -- Casey's General Stores reported on Wednesday that the costs of its recapitalization plan and its defense against hostile bids by competitor Canada’s Alimentation Couche-Tard take a bite out of its second-quarter net income.

Casey's said it earned $21.7 million for the quarter that ended Oct. 31, compared with $33.6 million in the same quarter last year. The results include roughly $19.4 million in expenses related to its recapitalization plan and the dispute with Couche-Tard.

November 2, 2010

Casey’s General Stores said Wednesday it has ended its discussions with 7-Eleven regarding a potential...

November 2, 2010

Casey’s General Stores said Wednesday it has ended its discussions with 7-Eleven regarding a potential...

October 12, 2010

Casey’s General Stores, fresh from fending off a takeover by Canadian c-store operator Alimentation Couche-Tard,...

September 22, 2010

Casey's General Stores shareholders voted in favor of the company's board nominees on Thursday, rejecting...

September 16, 2010

Casey's General Stores said Friday that two more proxy advisory firms have recommended that its...

September 15, 2010

Canadian convenience store operator Alimentation Couche-Tard Inc. has gone directly to the shareholders of Casey's...

September 13, 2010

Casey's General Stores said Tuesday that it sent a letter to Alimentation Couche-Tard maintaining that...

September 12, 2010

In the latest update on the ongoing battle to acquire Casey’s General Stores, Alimentation Couche-Tard...

September 9, 2010

Casey's General Stores confirmed Thursday it is in talks with 7-Eleven after receiving an unsolicited...

September 7, 2010

7-Eleven is the unnamed suitor that trumped Alimentation Couche-Tard's bid for Casey's General Stores, according...

September 7, 2010

7-Eleven is the unnamed suitor that trumped Alimentation Couche-Tard's bid for Casey's General Stores, according...