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Casey’s Reports Good Second Quarter

News

December 13th, 2023 by Ric Hanson

(Radio Iowa) – The Ankeny-based Casey’s convenience store chain reports a strong second quarter. Company President and C-E-O Darrin Rebellez spoke about the results during a conference call Tuesday.  He says inside sales remain strong driving inside gross profit dollars up 10 percent to 553 million dollars. The company generated 159 million dollars in net income, an increase of 15 percent.

Rebellez says inside sales were up six-point-two percent for the quarter driven by strong performance in the prepared food and dispensed beverages. The gallons of fuel sold were flat, but the company’s gross profit on fuel increased by nearly 309 million dollars as they made more than 42 cents on each gallon sold.

The company built or acquired 59 stores in the quarter and recently closed the deal on 22 stores in Texas, which is now the 17th state where they operate.