by John Keller | Dec 15, 2022 | Customer News, Fuel Price Management, Fuel Price Management Solutions, Fuel Price Optimization, Fuel Pricing Software, Fuel Pricing Strategy, Fuel Pricing Technology, Fuel Software, Industry News, Price Advantage, PriceAdvantage, Retail Fuel Margins
Convenience Store News selects Sheetz as its 2022 Technology Leader of the Year for its forward-thinking take on retail technology. The announcement can be seen here.
Sheetz CEO Travis Sheetz said “Technology is a great enabler to all those businesses we are in and the customers that we serve,” he said. “We are very literal about not using technology for technology’s sake, but using it for what it can do to make our business better.”
On the operations side of the convenience channel, technology helps retailers with efficiencies and labor redistribution to focus employees on the more value-added parts of the business.
Additionally, technology helps with information. “The world is all about data,” Travis Sheetz said. “Not only who has the most data, but who uses it the most effectively. There are very few things today where technology can’t help you be better.”
by John Keller | Dec 6, 2022 | Customer News, Fuel Price Management, Fuel Price Management Solutions, Fuel Price Optimization, Fuel Pricing Software, Fuel Pricing Strategy, Fuel Pricing Technology, Fuel Software, Industry News, Price Advantage, PriceAdvantage, Retail Fuel Margins
Casey’s reported their financial results for their second quarter today.
- Diluted EPS of $3.67, up 42% from the same period a year ago. The Q2 consensus estimate was $3.16, so Casey’s handily beat the analyst estimates.
- Same-store fuel gallons were up 0.3% compared to prior year with a fuel margin of 40.5 cents per gallon. Total fuel gross profit increased 22.7% to $284.4 million compared to the prior year.
“The fuel gross profit dollars remained strong as our fuel team executed at a high level again and struck the right balance between sales volume and gross profit margin”, said Darren Rebelez, President and CEO.
Casey’s began implementing PriceAdvantage towards the end of Q4, 2018 and was fully implemented in the first half of 2019.
by John Keller | Dec 1, 2022 | Customer News, Fuel Price Management, Fuel Price Management Solutions, Fuel Price Optimization, Fuel Pricing Software, Fuel Pricing Strategy, Fuel Pricing Technology, Fuel Software, Industry News
According to CStoreDecisions, Sheetz is expanding into Michigan. It has been two decades since Sheetz has entered a new state, and they will open locations in the Detroit area starting in 2025.
“We are thrilled to continue our growth into Michigan and bring the ultimate one-stop-shop to people across the state,” said Travis Sheetz, president and CEO of Sheetz. “Sheetz is dedicated to being a great employer and neighbor and we cannot wait to put those values into action as we expand into our first new state in two decades.”
Sheetz owns and operates 670 store locations across Pennsylvania, North Carolina, Virginia, West Virginia, Ohio and Maryland. Sheetz has been a PriceAdvantage and Skyline sign customer since 2009. Integrations between the Radiant Systems POS, the pump, and the Skyline Electronic Price Display allow headquarters staff to use PriceAdvantage to update fuel prices in the field remotely. Best of all, the prices can be updated not only from a desktop or laptop but also on mobile devices.
by John Keller | Nov 28, 2022 | Customer News, Fuel Price Management, Fuel Price Management Solutions, Fuel Price Optimization, Fuel Pricing Software, Fuel Pricing Strategy, Fuel Pricing Technology, Fuel Software, Industry News
According to the CStore Decisions article here, long-time Skyline sign and PriceAdvantage customer Royal Farms is expanding into North Carolina. Royal Farms will begin their expansion in Grandy, and follow with stores opening in New Bern, Greenville, Lumberton, Kinston and Jacksonville.
Royal Farms owns and operates over 260 locations throughout the mid-Atlantic. Royal Farms has been a Skyline sign and PriceAdvantage customer since 2006.
by John Keller | Nov 21, 2022 | Customer News, Fuel Price Optimization, Fuel Pricing Software, Fuel Pricing Strategy, Fuel Pricing Technology, Fuel Software, Industry News, PriceAdvantage, Retail Fuel Margins
As reported by CStoreDecisions in an article here, Sheetz is reducing the price of Unleaded 88 to $1.99 for the holiday season, starting November 21, 2022 and running through November 28, 2022.
This is the second time Sheetz has run a promotion like this. The first time resulted in a hugely successful public relations effort, with the story being run in numerous national news outlets.
PriceAdvantage is instrumental in making it possible to execute a complex pricing strategy like this one.
by John Keller | Nov 17, 2022 | Customer News, Fuel Price Management, Fuel Price Management Solutions, Fuel Price Optimization, Fuel Pricing Software, Fuel Pricing Strategy, Fuel Pricing Technology, Fuel Software, Industry News, Retail Fuel Margins
According to Fuel Marketing News, the Convenience Leaders Vision Group held its inaugural session on November 1, 2022. The article can be found here. This collaborative group of convenience retailing leaders will meet once a quarter to discuss and debate thoughts on market trends and disruptions, which will be shared through a series of trend reports. The first CLVG Trend Report will be released in early December 2022. The number of ideas presented during the first meeting, and the level of engagement, was impressive and is exactly what the founders had hoped would happen.
The CLVG is made up of well-respected industry leaders, 30% of which are PriceAdvantage customers including:
- Varish Goyal, Loop Neighborhood Markets
- Scott Hartman, CEO, Rutter’s
- Doug Haugh, President, Parkland USA
- Greg Parker, CEO, Parker’s Kitchen
- Joe Sheetz, Executive Vice Chairman, Sheetz, Inc.
- Kevin Smartt, CEO, TXB Stores
We look forward to tracking what the group releases in their quarterly Trend Reports.
