{"id":413648,"date":"2021-01-12T17:34:00","date_gmt":"2021-01-12T22:34:00","guid":{"rendered":"http:\/\/www.marketnewsdesk.com\/?p=413648"},"modified":"2021-01-12T17:34:00","modified_gmt":"2021-01-12T22:34:00","slug":"caseys-issues-business-update-ahead-of-the-icr-conference","status":"publish","type":"post","link":"https:\/\/www.marketnewsdesk.com\/index.php\/caseys-issues-business-update-ahead-of-the-icr-conference\/","title":{"rendered":"Casey\u2019s Issues Business Update Ahead of the ICR Conference"},"content":{"rendered":"<p>        <!--.bwalignc { text-align: center; list-style-position: inside }body {font:normal small Arial,Helvetica,sans-serif;color:#000;background-color:#fff;padding:24px;margin:0;} a img {border:0;} h3 {font-size:medium;color:#000;margin:0 0 1em 0; text-align:center;}-->  <\/p>\n<p class=\"bwalignc\"><b>Casey\u2019s Issues Business Update Ahead of the ICR Conference<\/b><\/p>\n<p>ANKENY, Iowa&#8211;(<a href=\"http:\/\/www.businesswire.com\">BUSINESS WIRE<\/a>)&#8211;<br \/>\nCasey\u2019s General Stores, Inc. (\u201cCasey\u2019s\u201d or the \u201cCompany\u201d) (Nasdaq: CASY), one of the leading convenience store chains in the United States, announced it will be participating virtually at the ICR Conference on Wednesday, January 13, 2021, at 1:30pm central time. A live webcast of the event will be available through the Company\u2019s website on the Investor Relations page at investor.caseys.com.\n<\/p>\n<p>\nIn advance of the Company\u2019s ICR Conference participation, select third quarter-to-date fiscal 2021 results through January 8, 2021 (\u201cQTD\u201d) are noted as follows.\n<\/p>\n<p>\nQTD results noted herein are generally in-line with the information previously disclosed during the Company\u2019s second quarter earnings call. QTD same-store fuel gallons are down in the low to mid-teens when compared to the same period in the third quarter of fiscal 2020. QTD fuel margins remain higher than historical averages and are currently above 30 cents per gallon.\n<\/p>\n<p>\nInside same-store sales (defined as the combination of Grocery and Other Merchandise and Prepared Food and Fountain) QTD are positive, with low single digit growth compared to the same period in the third quarter of fiscal 2020. Grocery and Other Merchandise same-store sales QTD are up mid-single digits, partially offset by pressure in Prepared Food and Fountain same-store sales QTD, which are down mid-single digits.\n<\/p>\n<p>\nThe Company continues to experience incremental costs due to COVID-19, including additional cleaning costs, higher than usual sick and quarantine pay, as well as incremental team member appreciation pay. As a result, QTD operating expenses vs. the prior year are up slightly more than the percentage increase experienced in the second quarter of fiscal 2021.\n<\/p>\n<p>\nIn connection with the previously disclosed pending Buchanan Energy acquisition, Casey\u2019s and Buchanan Energy received a Request for Additional Information from the Federal Trade Commission (\u201cFTC\u201d). The effect of the request is to extend the anticipated closing date, initially expected to occur in late 2020. Casey\u2019s continues to cooperate with the FTC and does not expect its review to have a material impact on the acquisition.\n<\/p>\n<p><b>About Casey\u2019s General Stores<\/b><\/p>\n<p><a rel=\"nofollow\" href=\"https:\/\/cts.businesswire.com\/ct\/CT?id=smartlink&amp;url=http%3A%2F%2Fwww.caseys.com&amp;esheet=52360894&amp;newsitemid=20210112006117&amp;lan=en-US&amp;anchor=Casey%27s+General+Stores&amp;index=1&amp;md5=d923806e23ed001c944c3520761e7889\">Casey&#8217;s General Stores<\/a> is a Fortune 500 company (Nasdaq: CASY) operating over 2,200 <a rel=\"nofollow\" href=\"https:\/\/cts.businesswire.com\/ct\/CT?id=smartlink&amp;url=https%3A%2F%2Fwww.caseys.com%2Fstore-finder%2Flocations&amp;esheet=52360894&amp;newsitemid=20210112006117&amp;lan=en-US&amp;anchor=convenience+stores&amp;index=2&amp;md5=b72b4545beb75979c88f364f6e9c2cf9\">convenience stores<\/a> in 16 states. Founded more than 50 years ago, the company has grown to become the fourth-largest convenience store retailer and the fifth-largest pizza chain in the United States. Casey\u2019s provides freshly prepared foods, <a rel=\"nofollow\" href=\"https:\/\/cts.businesswire.com\/ct\/CT?id=smartlink&amp;url=https%3A%2F%2Fwww.caseys.com%2Fabout-us%2Fquality-fuels&amp;esheet=52360894&amp;newsitemid=20210112006117&amp;lan=en-US&amp;anchor=quality+fuel&amp;index=3&amp;md5=28ecc21f6d376525f3b3bc6d8dd1a4ea\">quality fuel<\/a>, and friendly service at every location. Guests can enjoy famous, <a rel=\"nofollow\" href=\"https:\/\/cts.businesswire.com\/ct\/CT?id=smartlink&amp;url=https%3A%2F%2Fwww.caseys.com%2Fmenu%2Fc%2Fpizza&amp;esheet=52360894&amp;newsitemid=20210112006117&amp;lan=en-US&amp;anchor=made-from-scratch+pizza&amp;index=4&amp;md5=e48f51829824136dbad1d4c509535945\">made-from-scratch pizza<\/a>, donuts, other assorted <a rel=\"nofollow\" href=\"https:\/\/cts.businesswire.com\/ct\/CT?id=smartlink&amp;url=https%3A%2F%2Fwww.caseys.com%2Fmenu%2Fc%2Ftreats&amp;esheet=52360894&amp;newsitemid=20210112006117&amp;lan=en-US&amp;anchor=bakery+items&amp;index=5&amp;md5=97299f3864af8d6a056012bce58eef7e\">bakery items<\/a>, and a wide selection of beverages and snacks. Learn more and order online at <a rel=\"nofollow\" href=\"https:\/\/cts.businesswire.com\/ct\/CT?id=smartlink&amp;url=http%3A%2F%2Fwww.caseys.com%2F&amp;esheet=52360894&amp;newsitemid=20210112006117&amp;lan=en-US&amp;anchor=www.caseys.com&amp;index=6&amp;md5=1db50ca0638639f3f738c6d8ce80f2c4\">www.caseys.com<\/a>, or in the mobile app.\n<\/p>\n<p><b>About Buchanan Energy and Bucky\u2019s Convenience Stores<\/b><\/p>\n<p>\nBuchanan Energy and Bucky\u2019s Convenience Stores were founded as a family-owned and operated business in 1980. Today, they operate convenience stores in Illinois, Iowa, Missouri, Nebraska and Texas. Learn more at <a rel=\"nofollow\" href=\"https:\/\/cts.businesswire.com\/ct\/CT?id=smartlink&amp;url=http%3A%2F%2Fwww.buckysexpress.com&amp;esheet=52360894&amp;newsitemid=20210112006117&amp;lan=en-US&amp;anchor=www.buckysexpress.com&amp;index=7&amp;md5=f1abb3fbe1829d6b528f568917980fc4\">www.buckysexpress.com<\/a>.\n<\/p>\n<p><b>Forward-looking Statements<\/b><\/p>\n<p>\nThis release contains statements that may constitute forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. These forward-looking statements include any statements, with respect to the Company and the acquisition (including the status and timing of the closing of the acquisition), relating to our expectations for future periods, possible or assumed future results of operations, financial conditions, liquidity and related sources or needs, business and\/or integration strategies, plans and synergies, supply chain, growth opportunities, performance at our stores, and the potential effect of COVID-19.\n<\/p>\n<p>\nThere are a number of known and unknown risks, uncertainties, and other factors that may cause our actual results to differ materially from any future results expressed or implied by those forward-looking statements, including but not limited to integration of the acquisition, executing our strategic plan, the impact and duration of COVID-19 and related governmental actions, as well as other risks, uncertainties and factors which are described in the Company\u2019s most recent annual report on Form 10-K and quarterly reports on Form 10-Q, as filed with the Securities and Exchange Commission and available on our website.\n<\/p>\n<p>\nAny forward-looking statements contained in this release represent our current views as of the date of this release with respect to future events, and Casey\u2019s disclaims any intention or obligation to update or revise any forward-looking statements in the presentation whether as a result of new information, future events, or otherwise.\n<\/p>\n<p>\nCorporate information is available at this website: <a rel=\"nofollow\" href=\"https:\/\/cts.businesswire.com\/ct\/CT?id=smartlink&amp;url=https%3A%2F%2Fwww.caseys.com&amp;esheet=52360894&amp;newsitemid=20210112006117&amp;lan=en-US&amp;anchor=https%3A%2F%2Fwww.caseys.com&amp;index=8&amp;md5=73302ac3d23ecdd7686741463894eaf5\">https:\/\/www.caseys.com<\/a>.\n<\/p>\n<p><img decoding=\"async\" alt=\"\" src=\"https:\/\/cts.businesswire.com\/ct\/CT?id=bwnews&amp;sty=20210112006117r1&amp;sid=flmnd&amp;distro=nx&amp;lang=en\" style=\"width:0;height:0\" \/><span class=\"bwct31415\" \/><\/p>\n<p id=\"mmgallerylink\"><span id=\"mmgallerylink-phrase\">View source version on businesswire.com: <\/span><span id=\"mmgallerylink-link\"><a href=\"https:\/\/www.businesswire.com\/news\/home\/20210112006117\/en\/\" rel=\"nofollow\">https:\/\/www.businesswire.com\/news\/home\/20210112006117\/en\/<\/a><\/span><\/p>\n<p><b>Investor Relations Contact:<br \/>\n<br \/><\/b>Brian Johnson (515) 965-6587<br \/>\n<br \/><a rel=\"nofollow\" href=\"mailto:Brian.johnson@caseys.com\">Brian.johnson@caseys.com<\/a><\/p>\n<p><b>Media Relations Contact:<br \/>\n<\/b><br \/>Katie Petru (515) 446-6772<br \/>\n<br \/><a rel=\"nofollow\" href=\"mailto:Katie.petru@caseys.com\">Katie.petru@caseys.com <\/a><\/p>\n<p><b>KEYWORDS:<\/b> Florida Iowa United States North America<\/p>\n<p><b>INDUSTRY KEYWORDS:<\/b> Supermarket Retail Convenience Store Food\/Beverage<\/p>\n<p><b>MEDIA:<\/b><\/p>\n<table cellpadding=\"3\" cellspacing=\"3\">\n<tr>\n<td><font face=\"Arial\" size=\"2\"><b>Logo<\/b><\/font><\/td>\n<\/tr>\n<tr>\n<td><img decoding=\"async\" src=\"https:\/\/mms.businesswire.com\/media\/20210112006117\/en\/765824\/3\/Caseys_Logo.jpg\" alt=\"Logo\" \/><\/td>\n<\/tr>\n<tr>\n<td><font face=\"Arial\" size=\"2\"><\/font><\/td>\n<\/tr>\n<\/table>\n","protected":false},"excerpt":{"rendered":"<p>Casey\u2019s Issues Business Update Ahead of the ICR Conference ANKENY, Iowa&#8211;(BUSINESS WIRE)&#8211; Casey\u2019s General Stores, Inc. (\u201cCasey\u2019s\u201d or the \u201cCompany\u201d) (Nasdaq: CASY), one of the leading convenience store chains in the United States, announced it will be participating virtually at the ICR Conference on Wednesday, January 13, 2021, at 1:30pm central time. A live webcast of the event will be available through the Company\u2019s website on the Investor Relations page at investor.caseys.com. In advance of the Company\u2019s ICR Conference participation, select third quarter-to-date fiscal 2021 results through January 8, 2021 (\u201cQTD\u201d) are noted as follows. QTD results noted herein are generally in-line with the information previously disclosed during the Company\u2019s second quarter earnings call. QTD same-store fuel gallons are down &hellip; <\/p>\n<p class=\"link-more\"><a href=\"https:\/\/www.marketnewsdesk.com\/index.php\/caseys-issues-business-update-ahead-of-the-icr-conference\/\" class=\"more-link\">Continue reading<span class=\"screen-reader-text\"> &#8220;Casey\u2019s Issues Business Update Ahead of the ICR Conference&#8221;<\/span><\/a><\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-413648","post","type-post","status-publish","format-standard","hentry"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.5 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Casey\u2019s Issues Business Update Ahead of the ICR Conference - Market Newsdesk<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.marketnewsdesk.com\/index.php\/caseys-issues-business-update-ahead-of-the-icr-conference\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Casey\u2019s Issues Business Update Ahead of the ICR Conference - Market Newsdesk\" \/>\n<meta property=\"og:description\" content=\"Casey\u2019s Issues Business Update Ahead of the ICR Conference ANKENY, Iowa&#8211;(BUSINESS WIRE)&#8211; Casey\u2019s General Stores, Inc. (\u201cCasey\u2019s\u201d or the \u201cCompany\u201d) (Nasdaq: CASY), one of the leading convenience store chains in the United States, announced it will be participating virtually at the ICR Conference on Wednesday, January 13, 2021, at 1:30pm central time. A live webcast of the event will be available through the Company\u2019s website on the Investor Relations page at investor.caseys.com. In advance of the Company\u2019s ICR Conference participation, select third quarter-to-date fiscal 2021 results through January 8, 2021 (\u201cQTD\u201d) are noted as follows. QTD results noted herein are generally in-line with the information previously disclosed during the Company\u2019s second quarter earnings call. 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(\u201cCasey\u2019s\u201d or the \u201cCompany\u201d) (Nasdaq: CASY), one of the leading convenience store chains in the United States, announced it will be participating virtually at the ICR Conference on Wednesday, January 13, 2021, at 1:30pm central time. A live webcast of the event will be available through the Company\u2019s website on the Investor Relations page at investor.caseys.com. In advance of the Company\u2019s ICR Conference participation, select third quarter-to-date fiscal 2021 results through January 8, 2021 (\u201cQTD\u201d) are noted as follows. QTD results noted herein are generally in-line with the information previously disclosed during the Company\u2019s second quarter earnings call. QTD same-store fuel gallons are down &hellip; Continue reading \"Casey\u2019s Issues Business Update Ahead of the ICR Conference\"","og_url":"https:\/\/www.marketnewsdesk.com\/index.php\/caseys-issues-business-update-ahead-of-the-icr-conference\/","og_site_name":"Market Newsdesk","article_published_time":"2021-01-12T22:34:00+00:00","og_image":[{"url":"https:\/\/cts.businesswire.com\/ct\/CT?id=bwnews&amp;sty=20210112006117r1&amp;sid=flmnd&amp;distro=nx&amp;lang=en","type":"","width":"","height":""}],"author":"Newsdesk","twitter_card":"summary_large_image","twitter_misc":{"Written by":"Newsdesk","Est. reading time":"4 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/www.marketnewsdesk.com\/index.php\/caseys-issues-business-update-ahead-of-the-icr-conference\/#article","isPartOf":{"@id":"https:\/\/www.marketnewsdesk.com\/index.php\/caseys-issues-business-update-ahead-of-the-icr-conference\/"},"author":{"name":"Newsdesk","@id":"https:\/\/www.marketnewsdesk.com\/#\/schema\/person\/482f27a394d4fda80ecb5499e519d979"},"headline":"Casey\u2019s Issues Business Update Ahead of the ICR Conference","datePublished":"2021-01-12T22:34:00+00:00","mainEntityOfPage":{"@id":"https:\/\/www.marketnewsdesk.com\/index.php\/caseys-issues-business-update-ahead-of-the-icr-conference\/"},"wordCount":787,"image":{"@id":"https:\/\/www.marketnewsdesk.com\/index.php\/caseys-issues-business-update-ahead-of-the-icr-conference\/#primaryimage"},"thumbnailUrl":"https:\/\/cts.businesswire.com\/ct\/CT?id=bwnews&amp;sty=20210112006117r1&amp;sid=flmnd&amp;distro=nx&amp;lang=en","inLanguage":"en-US"},{"@type":"WebPage","@id":"https:\/\/www.marketnewsdesk.com\/index.php\/caseys-issues-business-update-ahead-of-the-icr-conference\/","url":"https:\/\/www.marketnewsdesk.com\/index.php\/caseys-issues-business-update-ahead-of-the-icr-conference\/","name":"Casey\u2019s Issues Business Update Ahead of the ICR Conference - 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