ANKENY, Iowa–(Business enterprise WIRE)–Casey’s Standard Suppliers, Inc. (“Casey’s” or the “Company”) (Nasdaq: CASY), just one of the major comfort shop chains in the United States, introduced it will be taking part almost at the ICR Meeting on Wednesday, January 13, 2021, at 1:30pm central time. A are living webcast of the occasion will be readily available by way of the Company’s internet site on the Investor Relations web site at investor.caseys.com.
In advance of the Company’s ICR Convention participation, select 3rd quarter-to-day fiscal 2021 results by way of January 8, 2021 (“QTD”) are famous as follows.
QTD results observed herein are usually in-line with the information and facts beforehand disclosed in the course of the Company’s second quarter earnings simply call. QTD exact-shop fuel gallons are down in the minimal to mid-teens when compared to the very same interval in the third quarter of fiscal 2020. QTD gas margins keep on being bigger than historic averages and are at the moment previously mentioned 30 cents for every gallon.
Within similar-retail outlet gross sales (defined as the mixture of Grocery and Other Products and Well prepared Meals and Fountain) QTD are positive, with reduced solitary digit growth compared to the identical period of time in the third quarter of fiscal 2020. Grocery and Other Products exact same-keep gross sales QTD are up mid-single digits, partially offset by pressure in Ready Meals and Fountain same-shop profits QTD, which are down mid-single digits.
The Company proceeds to encounter incremental charges thanks to COVID-19, which include additional cleansing fees, higher than typical unwell and quarantine pay out, as well as incremental team member appreciation pay out. As a outcome, QTD operating expenses vs. the prior calendar year are up marginally extra than the proportion raise skilled in the second quarter of fiscal 2021.
In relationship with the earlier disclosed pending Buchanan Power acquisition, Casey’s and Buchanan Strength received a Ask for for Supplemental Info from the Federal Trade Fee (“FTC”). The outcome of the ask for is to prolong the anticipated closing day, initially expected to come about in late 2020. Casey’s proceeds to cooperate with the FTC and does not hope its overview to have a content impact on the acquisition.
About Casey’s Standard Stores
Casey’s Normal Suppliers is a Fortune 500 enterprise (Nasdaq: CASY) working above 2,200 benefit retailers in 16 states. Started far more than 50 decades ago, the organization has developed to grow to be the fourth-most significant usefulness retail outlet retailer and the fifth-most significant pizza chain in the United States. Casey’s presents freshly prepared foods, quality gas, and helpful services at each place. Company can delight in famed, produced-from-scratch pizza, donuts, other assorted bakery things, and a large collection of beverages and snacks. Study far more and order on-line at www.caseys.com, or in the cell application.
About Buchanan Strength and Bucky’s Usefulness Stores
Buchanan Energy and Bucky’s Benefit Suppliers were being founded as a family members-owned and operated organization in 1980. These days, they run advantage stores in Illinois, Iowa, Missouri, Nebraska and Texas. Discover a lot more at www.buckysexpress.com.
This release includes statements that might represent forward-searching statements in just the indicating of the Non-public Securities Litigation Reform Act of 1995. These forward-on the lookout statements consist of any statements, with regard to the Business and the acquisition (like the standing and timing of the closing of the acquisition), relating to our expectations for potential periods, possible or assumed foreseeable future success of functions, fiscal situations, liquidity and relevant sources or desires, company and/or integration techniques, programs and synergies, source chain, growth opportunities, general performance at our outlets, and the probable effect of COVID-19.
There are a amount of known and unknown dangers, uncertainties, and other things that may perhaps lead to our precise success to vary materially from any future results expressed or implied by individuals ahead-seeking statements, together with but not confined to integration of the acquisition, executing our strategic approach, the influence and period of COVID-19 and relevant governmental steps, as well as other risks, uncertainties and factors which are described in the Company’s most recent annual report on Sort 10-K and quarterly studies on Variety 10-Q, as submitted with the Securities and Exchange Commission and accessible on our web page.
Any ahead-wanting statements contained in this launch symbolize our current sights as of the day of this release with regard to potential occasions, and Casey’s disclaims any intention or obligation to update or revise any forward-looking statements in the presentation regardless of whether as a final result of new data, future gatherings, or normally.
Company info is offered at this website: https://www.caseys.com.