Dec. 10, 2013
Casey's General Stores continues to gain market share in the pizza delivery space. The c-store chain this week reported that second quarter total inside sales were up 15.5 percent compared to the same quarter a year ago.
According to Chairman and CEO Robert J. Myers, the growth and customer count lift was driven by various initiatives put into place, including an extension of Casey's pizza delivery service.
Casey's annual goal is to increase same-store sales 9 percent with an average margin of 62 percent. For the second quarter, same-store sales were up 12.3 percent with an average margin of 61.8 percent.
"Our prepared food sales continue to benefit from various growth initiatives such as 24-hour expansion, pizza delivery and major remodels," Myers said. "The margin is slightly below goal due to increased input costs such as meat and supplies."
Still, total sales for the category were up 16.9 percent year to date, and gross profit increased 14.7 percent to $208.9 million.
Casey's annual goal is to build or acquire 70 to 105 (4 to 6 percent) stores and replace 20 existing locations. Through the first six months, the company has built 14 new stores and acquired an additional 22.
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