PriceAdvantage would like to welcome Downey Oil to the PriceAdvantage family! Downey Oil operates 40 stores under the KenJo brand. The KenJo stores serve the Tennessee market. In under two months, Downey Oil was able to evaluate PriceAdvantage in a trial environment, including multiple data feeds, and to make the decision to select PriceAdvantage as their retail fuel pricing solution.
We look forward to a longterm partnership!
Spinx opened a new concept store in downtown Greenville SC under the banner “Spinx Market & Eatery”. The new format leverages the chain’s strengths of being a go-to local staple, while expanding foodservice, everyday essentials and local specialities. On the Spinx Market menu is a variety of returning favorites, including the chain’s signature fried chicken, as well as some newcomers like paninis, flatbreads, salads, pastries and desserts.
CStore Decisions carried this news here.
Spinx has been using PriceAdvantage with Skyline signs since 2011.
The PriceAdvantage team is excited to announce the general availability of PriceAdvantage version 2023.3.4.
With this release, PriceAdvantage delivers a number of enhancements requested by our customers, including alerts related to POS errors and improved interactions with Skyline signs.
Please contact your Account Representative, or anyone on our Support team, to learn more about this new release, to schedule a demonstration, and to arrange for an upgrade. Upgrades typically take less than one hour.
We just finished the 2024 PriceAdvantage User Conference and once again, everyone gave it great reviews! Our customers told us they loved interacting with like-minded retail fuel pricing experts. Our conference is unique in that all attendees have a similar career, and a similar set of job responsibilities and priorities.
We were able to review all the product updates from the 2023 User Conference and cover what’s coming on the road ahead. We also had some quality 1:1 time with individual customers and representatives from the PriceAdvantage team.
This is our eighth PriceAdvantage User Conference and we look forward to next year!
Congratulations to Casey’s on their stellar quarterly earnings report! You can read more about their earnings from CSP here.
Same-store fuel gallons were up 0.7% compared to prior year with a fuel margin of 40.7 cents per gallon. Total fuel gross profit increased 5.9% to $314.5 million compared to the prior year. “Our fuel team continues to balance volume and margin as they delivered positive same-store fuel gallons while also achieving over 40 cents per gallon fuel margin” said Darren Rebelez, Chairman, President and CEO.
Casey’s implemented PriceAdvantage in 2018. Since 2019, the Casey’s stock price has risen from $170 to $380.
Congratulations to Casey’s on their acquisition of Fikes, including 198 CEFCO retail stores, for $1.1b cash. The transaction will increase the Casey’s store count to 2900.
Casey’s shared its current three-year strategic plan in June 2023 and committed to adding at least 350 new units by fiscal 2026. The CEFCO deal, along with its strong growth in fiscal 2024, will enable Casey’s to achieve that target less than halfway through that plan, according to Casey’s president and CEO Darren Rebelez.
Fikes Wholesale has been in business since 1965; CEFCO has been using PriceAdvantage as their retail fuel pricing solution since 2010. This transaction is expected to close in the fourth quarter of the 2024 calendar year.
This was reported by CSP magazine here.