(KIWA Staff Photo)
Statewide Iowa (RI) — The Casey’s convenience store chain in Ankeny reports strong earning numbers for the fiscal year.
Company CEO Darren Rebelez talked about it during a conference call for investors Tuesday.
Rebelez says inside‑store performance was strong across the board.
He says Casey’s gross profit on gas was up 21% to 43 cents per gallon for the year. The fuel margin in the fourth quarter alone was nearly 47 cents per gallon, which he says was helped by volatile prices.
Rebelez says the war with Iran has impacted gas prices a little differently than other international events.
He says store traffic has held up despite economic issues.
He says they have seen some change in the way customers are buying gas.
Rebelez says one new thing tied to the higher gas prices is that gallons redeemed through the company’s rewards program were up 23% in the fourth quarter.
