Ankeny, Iowa — An Iowa-based company was added to a prestigious list this past week.
Casey’s General Stores is now on the S&P 500 stock index. The Ankeny-based convenience store chain is only the second Iowa company on the list, along with Principal Financial Group in Des Moines. The S&P 500 encompasses both the New York Stock Exchange and NASDAQ and makes up about 80% of the total U.S. equity market. It’s considered one of the primary gauges of the American economy.
Now the nation’s third-largest convenience chain with 50,000 employees, Casey’s has some 29-hundred stores in 19 states, with plans to add 80 more stores this year.
Last month, the company reported that net income for the quarter was up 49% compared to last year at just more than $130 million. A Casey’s executive also stated at the time that they were not too concerned about high gas prices caused by the Iran war because they don’t notice much drop in demand until gas prices near $5 per gallon.
KIWA Staff Photo
