ANKENY, Iowa–(Organization WIRE)–Jan 12, 2021–
Casey’s Common Stores, Inc. (“Casey’s” or the “Company”) (Nasdaq: CASY), one particular of the primary advantage retailer chains in the United States, announced it will be taking part virtually at the ICR Convention on Wednesday, January 13, 2021, at 1:30pm central time. A stay webcast of the party will be accessible by the Company’s website on the Trader Relations web page at trader.caseys.com.
In advance of the Company’s ICR Meeting participation, pick out 3rd quarter-to-day fiscal 2021 final results via January 8, 2021 (“QTD”) are noted as follows.
QTD success famous herein are typically in-line with the information formerly disclosed all through the Company’s second quarter earnings call. QTD identical-keep fuel gallons are down in the very low to mid-teenagers when as opposed to the exact time period in the third quarter of fiscal 2020. QTD fuel margins continue being better than historic averages and are at the moment earlier mentioned 30 cents per gallon.
Within identical-retail outlet income (defined as the combination of Grocery and Other Merchandise and Prepared Meals and Fountain) QTD are optimistic, with low one digit development in contrast to the exact same period of time in the 3rd quarter of fiscal 2020. Grocery and Other Products same-keep product sales QTD are up mid-solitary digits, partly offset by stress in Ready Foods and Fountain identical-shop revenue QTD, which are down mid-single digits.
The Corporation proceeds to expertise incremental prices due to COVID-19, which includes supplemental cleansing expenditures, bigger than normal ill and quarantine pay out, as perfectly as incremental crew member appreciation spend. As a consequence, QTD operating charges vs. the prior year are up slightly a lot more than the percentage improve knowledgeable in the 2nd quarter of fiscal 2021.
In connection with the earlier disclosed pending Buchanan Electricity acquisition, Casey’s and Buchanan Electricity acquired a Request for Additional Information from the Federal Trade Commission (“FTC”). The influence of the request is to lengthen the expected closing date, to begin with predicted to manifest in late 2020. Casey’s carries on to cooperate with the FTC and does not assume its evaluation to have a substance effects on the acquisition.
About Casey’s Common Merchants
Casey’s General Suppliers is a Fortune 500 business (Nasdaq: CASY) working in excess of 2,200 usefulness shops in 16 states. Launched additional than 50 a long time ago, the enterprise has grown to turn into the fourth-premier advantage keep retailer and the fifth-premier pizza chain in the United States. Casey’s gives freshly geared up meals, good quality gasoline, and welcoming service at each and every area. Visitors can love famed, manufactured-from-scratch pizza, donuts, other assorted bakery items, and a wide choice of beverages and treats. Master far more and order on the web at www.caseys.com, or in the cell app.
About Buchanan Electricity and Bucky’s Benefit Shops
Buchanan Electricity and Bucky’s Advantage Retailers ended up founded as a household-owned and operated enterprise in 1980. These days, they work usefulness shops in Illinois, Iowa, Missouri, Nebraska and Texas. Study more at www.buckysexpress.com.
This launch contains statements that may possibly represent forward-wanting statements inside of the which means of the Private Securities Litigation Reform Act of 1995. These ahead-searching statements include things like any statements, with respect to the Corporation and the acquisition (together with the standing and timing of the closing of the acquisition), relating to our anticipations for long run intervals, doable or assumed upcoming results of functions, monetary situations, liquidity and linked resources or requires, business and/or integration approaches, options and synergies, supply chain, expansion alternatives, general performance at our merchants, and the possible impact of COVID-19.
There are a amount of recognized and unidentified risks, uncertainties, and other things that may lead to our actual effects to differ materially from any foreseeable future success expressed or implied by all those ahead-on the lookout statements, together with but not minimal to integration of the acquisition, executing our strategic prepare, the effect and duration of COVID-19 and connected governmental steps, as nicely as other pitfalls, uncertainties and elements which are described in the Company’s most the latest yearly report on Form 10-K and quarterly reviews on Sort 10-Q, as filed with the Securities and Exchange Commission and offered on our web site.
Any forward-hunting statements contained in this launch signify our present-day sights as of the day of this launch with respect to potential situations, and Casey’s disclaims any intention or obligation to update or revise any forward-looking statements in the presentation no matter whether as a outcome of new data, potential situations, or otherwise.
Company data is out there at this web page: https://www.caseys.com.
Perspective supply variation on businesswire.com:https://www.businesswire.com/news/house/20210112006117/en/
Get in touch with: Trader Relations Call:
Brian Johnson (515) 965-6587
[email protected] Relations Get hold of:
Katie Petru (515) 446-6772
Keyword: FLORIDA IOWA UNITED STATES NORTH The united states
Business Key word: Grocery store RETAIL Usefulness Retail store Food items/BEVERAGE
Supply: Casey’s Common Shops
Copyright Organization Wire 2021.
PUB: 01/12/2021 05:30 PM/DISC: 01/12/2021 05:30 PM