Casey’s Releases Quarterly Earnings Report

The Casey’s Convenience store chain reports strong earnings in the first quarter of this year. C-E-O Darren Rebelez talked about the numbers in an investor call Wednesday.

 

Gas sales were down by nearly 15-percent, but Casey’s was able to take advantage of lower prices to make more for each gallon.

 

The company saw a decrease of around 10 percent in its prepared food sales as customer traffic dropped as a result of the pandemic.

 

He says that in an improvement from the 700 stores that at one point had food or beverage restrictions. Rebelez says there were stores impacted by the derecho — but it was not considered a major impact.

 

He says overall strong alcohol and whole pizza sales offset some of the store traffic declines and restrictions limiting self-serve prepared food items and beverages.