ANKENY, Iowa – (BUSINESS WIRE) – Casey’s Normal Shops, Inc. (“Casey’s” or the “Firm”) (Nasdaq: CASY), one of many main comfort retailer chains in america, introduced that it’s going to take part just about within the ICR Convention on Wednesday. January 13, 2021, at 1:30 p.m. Central Time. A dwell broadcast of the occasion can be accessible via the Firm’s web site on the Investor Relations web page at investor.caseys.com.
Previous to the Firm’s participation within the ICR Convention, chosen outcomes for the third quarter via fiscal 12 months 2021 via January eight, 2021 (“QTD”) are set forth under.
The QTD outcomes reported on this doc are typically according to info beforehand disclosed in the course of the Firm’s second quarter earnings name. QTD gasoline gallons in the identical retailer are under median teenagers in comparison with the identical interval in fiscal 2020 third quarter. QTD gasoline margins stay greater than historic averages and are at the moment above 30 cents per gallon.
Inside-store gross sales (outlined as the combination of groceries and different merchandise and ready meals and sources) QTD are optimistic, with low single-digit progress in comparison with the identical interval within the third quarter of fiscal 2020. Grocery and different in-store QTD gross sales are up within the center digit, partially offset by stress on in-store QTD gross sales of ready meals and sources, that are down within the center digit.
The Firm continues to expertise incremental prices as a result of COVID-19, together with further cleansing prices, a higher-than-usual sick and quarantine pay, in addition to an incremental recognition pay for staff members. In consequence, QTD working bills from the prior 12 months elevated barely greater than the share enhance skilled within the second quarter of fiscal 2021.
In reference to the pending acquisition of Buchanan Vitality disclosed above, Casey’s and Buchanan Vitality obtained a Request for Extra Info from the Federal Commerce Fee (“FTC”). The impact of the request is to increase the anticipated cut-off date, which was initially anticipated to happen in late 2020. Casey continues to cooperate with the FTC and doesn’t anticipate its assessment to have a cloth influence on the acquisition.
About Casey Normal Shops
Casey’s Normal Shops is a Fortune 500 firm (Nasdaq: CASY) that operates greater than 2,200 comfort shops in 16 states. Based greater than 50 years in the past, the corporate has grown to grow to be the fourth-largest comfort retailer retailer and the fifth-largest pizza chain in america. Casey’s provides freshly ready meals, high quality gasoline, and pleasant service in any respect places. Company can take pleasure in well-known made-from-scratch pizza, donuts, different assorted baked items, and a wide array of drinks and snacks. Be taught extra and order on-line at www.caseys.com or within the cellular app.
About Buchanan Vitality and Bucky’s Comfort Shops
Buchanan Vitality and Bucky’s Comfort Shops had been based as a family-owned and operated enterprise in 1980. At the moment, they function comfort shops in Illinois, Iowa, Missouri, Nebraska, and Texas. Be taught extra at www.buckysexpress.com.
This launch accommodates statements which will represent forward-looking statements inside the which means of the Personal Securities Litigation Reform Act of 1995. These forward-looking statements embody any statements concerning the Firm and the acquisition (together with the standing and timing of the closing of the acquisition), in relation to our expectations for future durations, potential or assumed future outcomes of operations, monetary circumstances, liquidity and associated sources or wants, industrial and / or integration methods, plans and synergies, provide chain, progress alternatives , efficiency in our shops and the potential impact of COVID-19.
There are a variety of identified and unknown dangers, uncertainties and different components which will trigger our precise outcomes to vary materially from any future outcomes expressed or implied in these forward-looking statements, together with, however not restricted to, the mixing of the acquisition, the execution of our strategic plan, the influence and length of COVID-19 and associated authorities actions, in addition to different dangers, uncertainties, and components described within the Firm’s most up-to-date annual report on Kind 10-Ok and the quarterly stories on the Kind 10-Q, as filed with the Securities and Alternate Fee and accessible on our web site.
Any forward-looking assertion contained on this launch represents our present views as of the date of this launch concerning future occasions, and Casey denies any intention or obligation to replace or revise any forward-looking assertion within the presentation, whether or not on account of new info. , future occasions or others.
Company info is accessible on this web site: https://www.caseys.com.