- WHITE PAPERS
Casey's General Stores Inc. continues to gain more share of the pizza segment, reporting a 16.8 percent jump in same-store sales for its prepared food and fountain line.
CEO and president Robert Myers said the expansion of the convenience store chain's pizza delivery program was a big factor in the increase, as were remodels and 24-hour conversions.
"The same-store sales lift in the quarter was impressive considering it was compared to an 11.8 percent increase last year," he said.
By comparison, Casey's gasoline same-store sales jumped 2.5 percent in the fourth quarter, and its grocery and other merchandise category was up 8.5 percent.
For the fiscal year, the company acquired 35 stores and completed 30 new-store constructions, bringing the year-end store count to 1,699. In addition to this activity, the company also replaced 10 stores during the year.
"We look forward to opening our first stores in Kentucky and Tennessee in fiscal 2013 and remain optimistic about future growth opportunities as we expand our market," Myers said.
Casey's fiscal 2013 goal is to increase same-store prepared food and fountain sales by 11 percent.
Casey's sells a line of specialty pizzas, including garden, taco, bacon cheeseburger, supreme and meat galore.
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