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4-Traders Homepage  >  Equities  >  Nasdaq  >  Casey's General Stores Inc    CASY

Delayed Quote. Delayed  - 09/23 10:00:00 pm
117.94 USD   -1.47%
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Casey's General Stores, Inc. : Hy-Vee, Casey's Announce Aggressive Fuel Savings Program for Customers

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10/25/2012 | 02:05pm CEST

Hy-Vee, Inc. and Casey's General Stores today announced the launch of a program that will allow customers to save $2 or more per gallon on gasoline purchases at all Hy-Vee and Casey's stores.

The new Fuel Saver program provides fuel discounts to shoppers who purchase grocery items featured in Hy-Vee's weekly Fuel Saver ad. The discounts - ranging from two cents to 25 cents per item - are loaded onto the customer's Fuel Saver card, which can be scanned at the pump at Hy-Vee and Casey's stores to "roll down" the retail price of gasoline. Depending on how many items they buy, customers can save $2 or more per gallon on their fuel purchases each week.

"Tough economic times continue to put a strain on the family budget, and we're seeing this with our customers and the cost of fuel," said Randy Edeker, Chairman and CEO of Hy-Vee. "The typical household today spends nearly $350 per month on gasoline. Anything we can do to help families save at the pump means more money for them to spend on other items they need."

The Fuel Saver program pairs one of the Midwest's largest supermarket companies with one of the region's largest convenience store chains. Senior leaders from both companies believe the historic collaboration will deliver significant value to their customers.

"This program will reward consumers for everyday grocery purchases with lower prices at the pump," said Casey's President and CEO Robert J. Myers. "Casey's is very excited about this partnership and the expected future benefits to the loyal customers of both Casey's and Hy-Vee."

"Casey's is the perfect partner for the Fuel Saver program," Edeker said. "With more than 1,700 locations, the company is well-positioned to help us deliver value to Hy-Vee customers throughout our trade area."

Customers can enroll in the Fuel Saver program beginning the week of November 5th at any of the 234 Hy-Vee, Hy-Vee Drugstore, Hy-Vee Gas or Hy-Vee Mainstreet stores located in eight Midwestern states. Each week, 40 to 50 different products at Hy-Vee will be designated as Fuel Saver items. Customers will swipe their Fuel Saver cards at checkout to earn discounts, which are valid for 30 days from the date of purchase.

"This program was designed to make it very easy and convenient for customers to redeem their discounts," stated Myers. "I believe this is also an excellent way to introduce new customers to both Casey's and Hy-Vee."

Edeker said Hy-Vee has offered a gasoline discount program at its convenience stores for many years, but the new Fuel Saver program provides several advantages for shoppers.

"Fuel Saver allows customers to swipe a card and redeem their discounts right at the pump, which is a convenience many customers have requested," he said. "It also offers the potential for much bigger savings when customers purchase a variety of popular items they buy every week."

Hy-Vee, Inc., founded in 1930, is an employee-owned corporation operating 234 retail supermarkets and drug stores in eight Midwestern states. For fiscal year 2012 Hy-Vee will record total sales of $7.7 billion, ranking it among the top 25 supermarket chains and the top 50 private companies in the U.S. More than 62,000 Hy-Vee employee-owners provide customers with quality products, outstanding values and the company's famous "helpful smile in every aisle" brand of service. For more information, visit the website at www.hy-vee.com.

Casey's General Stores, Inc. is a best-in-class convenience store chain that operates over 1,700 corporate owned stores in 12 Midwestern states. The Company is publicly traded on the Nasdaq stock exchange under the symbol CASY. Casey's is best known for their made-from-scratch pizza and donuts, and currently employs over 24,000 people. For more information, visit the website at www.caseys.com.

Hy-Vee, Inc.
Ruth Comer, 515-559-5770
Assistant VP, Media Relations
Cell: 515-868-2061
rcomer@hy-vee.com
or
Casey?s General Stores, Inc.
Bill Walljasper, 515-965-6505
Senior VP and Chief Financial Officer
bwalljasper@caseys.com


© Business Wire 2012
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Financials ($)
Sales 2017 7 662 M
EBIT 2017 385 M
Net income 2017 224 M
Debt 2017 878 M
Yield 2017 0,75%
P/E ratio 2017 20,84
P/E ratio 2018 18,42
EV / Sales 2017 0,72x
EV / Sales 2018 0,62x
Capitalization 4 621 M
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Mean consensus OUTPERFORM
Number of Analysts 13
Average target price 138 $
Spread / Average Target 17%
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Managers
NameTitle
Terry W. Handley President & Chief Executive Officer
Robert J. Myers Chairman
William J. Walljasper Chief Financial Officer, Senior VP & Head-IR
Rich T. Schappert Vice President-Information Technology
Johnny A. Danos Independent Non-Employee Class III Director
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Sector and Competitors
1st jan.Capitalization (M$)
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CARREFOUR-12.01%19 908
EMAAR MALLS GROUP PJSC0.72%10 027
DAIRY FARM INTERNATION..16.28%9 465
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