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Caseys newton iowa1/5/2024 ![]() ![]() Reports Sound Fourth Quarter and Sets Goals for FY2003 – Caseys. General Stores’ 4th Quarter Conference Call – Good at – meeting the needs of its consumers. Only make Casey’s more effective at doing something that it is all ready very Watch out when the chain becomes fully automated because it will So we can compete with the Wal-Marts.”Ĭasey’s has begun the process of putting scanners in This store, remodeled and found that we could compete with them and actually “We just boughtĪ competitor that was right next to a Wal-Mart store in Newton, Iowa. We value innovation, dependability, clear communication and, above. Our Store Support Center teams work to provide great products, state-of-the-art services, and operational support for our front-line store teams. Wal-Mart in yesterday’s conference call with financial analysts. Behind every great community are the hearts of great people. On a show of false bravado when he addressed a question about competing with Ron Lamb, chief executive of Casey’s was not simply putting This convenience store goes about its business. Moderator Comment: Has POS scanning become a competitive and management necessity for retail operations?Īs you could tell when we put Casey’s on our personalĬhief Rates Chain a 6 Out of 10, RetailWire 6/6/02), we love the way Lamb says, “We’ve already implemented several technological initiatives to strengthen margins in fiscal 2003, and on the expense side, we should benefit with the shift from building to buying stores.” At year-end, there were 1,258 corporate stores compared to Casey’s expansion goal of 1,299. However, margins were 36.9 percent for the quarter, 36.7 percent for the year, lower than its goal to maintain a 38.7 percent average margin, which it attributes primarily to the volatility in the pricing of cigarettes and the high cheese prices. Management attributed the volume growth, up 8.5 percent for the quarter and 15.9 percent for the year, to adding pay at the pump at 467 stores and to matching the competition in aggressive pricing.Ĭasey’s met its performance goal for inside sales, which were up 14.7 percent for the quarter with a 14 percent increase in gross profit and up 17 percent for the year. Two of the company’s five performance goals for fiscal 2002 were for gasoline: to increase total gallons sold 15 percent and to maintain an average margin of 10.5 cents per gallon. “More gratifying were the recent positive results in gross profit dollars that show us we have reason to be optimistic about greater profitability in fiscal 2003.” Gross profit was up 19 percent to $93.8 million for the quarter and up 8.1 percent to $392.3 million for the year. “We achieved the top-line growth we were looking for,” says Donald F. Earnings were nine cents per share compared with three cents for the last quarter of fiscal 2001, and 64 cents per share versus 71 cents for the prior fiscal year. “We felt so welcome.Casey’s General Stores reports increased basic earnings for the fourth quarter and for the entire year. “I am so surprised at how down-to-earth Steamboat is,” Boatright said. Simbeye, a Steamboat Springs native with a background in marketing and public relations, is another new member of the community’s senior administrative team.īoth Boatright and Simbeye said they are focused on ensuring that Casey’s Pond residents are involved in the community and its future.īoatright said he, his wife, Sarah, and their two elementary-aged children are settling well into Steamboat. Moving into a senior living community before pressing healthcare needs arise is a way for seniors to fight the effects of aging by receiving more socialization, according to Lindsey Simbeye, Casey’s Pond’s new marketing and sales director. “That’s a very positive program we offer here.” “It’s this philosophy that engaging residents can improve their health,” Boatright said. Community members are invited to call Casey’s Pond with questions, which can sometimes be answered over the phone or which could lead to a meeting with staff members, Boatright said.Īnother goal of Boatright’s is to better educate the community about what Casey’s Pond is and what it can offer beyond the skilled nursing portion of the community.Ĭasey’s Pond has separate living areas for memory care, assisted living and independent living.Īnother unique feature of Casey’s Pond is that the community is a registered member of the Eden Alternative, a philosophy of senior care that focuses on fighting the plagues of aging, including loneliness, helplessness and boredom, through strong partnerships between caregivers and residents. ![]()
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