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Casey’s fiscal 2011 sales nearly match company goals

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Casey’s General Stores Inc. topped its goals for selling gasoline and adding stores in the fiscal year that ended April 30, but fell just short of its targets for food sales.

According to a press release, the Ankeny-based convenience store chain hoped to increase same-store sales of gas 1 percent, as measured in gallons, with an average profit margin of 13.5 cents per gallon. The actual results brought a 1.6 percent increase in gallons sold, at an average margin of 15.2 cents.

Casey’s set out to increase its number of stores by 4 to 6 percent in fiscal 2011. In the end, the store count increased 7 percent as the company built 20 stores and bought 89.

In the category of “grocery and other merchandise,” the goal was to increase same-store sales 6 percent with an average profit margin of 33.9 percent. For the year, these sales rose 4.6 percent with an average margin of 32.2 percent. The “prepared food and fountain” category had goals of an 8 percent sales increase and a profit margin of 63.1 percent. The results were a 7.7 percent rise and a 62.2 percent margin.

For fiscal 2012, Casey’s has set these goals:

• Increase same-store gasoline gallons sold 1 percent with an average margin of 13.5 cents per gallon.

• Increase same-store grocery and other merchandise sales 5.8 percent with an average margin of 32.8 percent.

• Increase same-store prepared food and fountain sales 7.7 percent with an average margin of 61.8 percent.

• Increase the number of stores 4 to 6 percent.