Bloomberg Businessweek
Casey's CEO on Building Toward the Future
Jun 29, 2023
Darren Rebelez, CEO of Casey’s General Stores, discusses their strategic plan, expanding convenience stores, challenges in explaining business model, unique attributes, potential expansion, handling inflation, strategic plans, company culture, iconic pizza, and breakfast pizza with beer cheese sauce.
09:45
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Quick takeaways
- Casey's General Stores focuses on strategic expansion in areas within the effective distribution radius of its three distribution centers.
- Despite inflationary pressures, Casey's has found its consumer base to be resilient, with the majority of its customers earning $50,000 a year or more.
Deep dives
Casey's General Stores: A Unique Convenience Store Chain
Casey's General Stores is a convenience store chain based in Iowa with 2,500 stores primarily located in rural communities in the Midwest. The company supplies basic needs and groceries, operates as a pizzeria, and has full liquor licenses in some stores. Casey's has seen significant growth, outperforming the S&P 500, with its stock price soaring from $100 to $235 in the past five years. Despite being lesser known on the coasts, Casey's continues to tell its story to shareholders, emphasizing its offerings, such as making pizza dough from scratch in-store.
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