Casey’s CEO: “Business is Firing on All Cylinders”

ANKENY, Iowa -- Casey’s General Stores' business “is firing on all cylinders,” company President and CEO Robert Myers said, as the Midwest convenience store chain reported June 2010 same-store sales results for stores open one full year.

Same-store sales for prepared food and fountain increased 2.9 percent, while grocery and other merchandise increased 2.1 percent in June 2010, compared to June 2009.

Same store gasoline gallons sold increased 2.4 percent in June 2010 vs. June 2009. The gasoline margin was above the company’s fiscal 2011 goal of 13.5 cents per gallon. The average retail price of gasoline sold during this June was $2.56 per gallon.

“We’re particularly pleased to report both strong gas volume increases and above-goal gas margins for the June period,” Myers said in a released statement. “We also achieved positive inside same store sales growth and a strong customer count despite one of the wettest Junes on record in our marketing regions. These results underscore why Casey’s is widely recognized as the best operator in the industry.”

As previously reported by CSNews Online, Casey’s fiscal 2011 goals are to:

-- Increase same-store gas gallons sold 1 percent, with an average margin of 13.5 cents per gallon.
-- Increase same-store grocery and other merchandise sales 6 percent, with an average margin of 33.9 percent.
-- Increase same-store prepared food and fountain sales 8 percent, with an average margin of 63.1 percent.
-- Increase the total number of stores by approximately 4 to 6 percent, and replace 20 stores and perform 20 major remodels, all incorporating the features of its new store design.

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