The Casey’s convenience store chain in Ankeny reports strong earning numbers for the fiscal year. Company CEO Darren Rebelez talked about it during a conference call for investors Tuesday.
Inside sales saw a significant increase during the last year.
He says their gross profit on gas was up 21% at nearly 43 cents per gallon over the course of the year. The fuel margin in the fourth quarter alone was nearly 47 cents a gallon, which he says was helped by volatile prices.
Rebelez says the war with Iran has a little different impact on gas prices compared to other international events.
Rebelez says store traffic has held up despite economic issues.
He says they have seen some change in the way customers buy gas.
Rebelez says one new thing they’ve seen with the gas price increases is the gallons redeemed through their rewards program were up 23 percent in the fourth quarter.
