Ankeny, Iowa (RI) — The Ankeny-based Casey’s convenience store chain reported good results in the first quarter of the new fiscal year. Senior vice president Brian Johnson spoke about the results in a conference call.
He says summer is always a busy time for stores, and that proved to be true in the first quarter that started in July.
Some of the growth in sales is from recently acquired stores, though CEO Darin Rebelez says the conversions, including kitchens, have not yet been completed in the newly acquired stores in Texas. Rebelez says the acquisition market for smaller store chains continues to be active, while buying larger chains is dependent on decisions by those companies.
Rebelez says they are staying with the plan to expand with a 50-50 mix of purchased and newly built stores.
Casey’s has approximately 2900 convenience stores in 19 states.
