by John Keller | Sep 5, 2024 | Customer News, Fuel Price Management, Fuel Price Management Solutions, Fuel Price Optimization, Fuel Pricing Software, Fuel Pricing Strategy, Fuel Pricing Technology, Fuel Software, Price Advantage, PriceAdvantage, Retail Fuel Margins
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.
by John Keller | Aug 1, 2024 | 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
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.
by John Keller | Mar 13, 2024 | Fuel Price Management, Fuel Price Management Solutions, Fuel Price Optimization, Fuel Pricing Software, Fuel Pricing Strategy, Fuel Pricing Technology, Fuel Software, Price Advantage, PriceAdvantage
The PriceAdvantage team is excited to announce the general availability of PriceAdvantage version 2023.9.
With this release, PriceAdvantage delivers a number of enhancements requested by our customers, including easier ways to manage pricing spread changes at scale, quicker navigation between screens, and improved integrations with POS systems.
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.
by John Keller | Mar 3, 2024 | 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
PriceAdvantage would like to welcome Rogers Market and ATCO to the PriceAdvantage family. ATCO now operates 19 stores, including five under the Rogers Market brand.
“With PriceAdvantage managing our fuel pricing system, we are on a really great path!” said Gigi Rogers, owner of ATCO Inc. and creative force behind the Rogers Market concept. “In order to move forward with our overall goals, it was time to divest our old, outdated systems that limited our ability to grow and turn toward the best-in-class option for fuel pricing software.”
“It’s important for our team to stay on the forefront of technology and innovation,” said Dylan Kiser, president of ATCO Inc. and Rogers Market. “As we evolve, we know PriceAdvantage will continue to provide the best user experience and a dynamic solution to meet our ever-changing needs.”
This announcement was published by CSP, and the article may be found here.
by John Keller | Dec 19, 2023 | 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
Congratulations to Casey’s on their acquisition of 11 EZ Go sites from Love’s. The EZ Go-branded stores are in Oklahoma and Nebraska and will be rebranded to the Casey’s retail brand. This acquisition is a part of the rapid growth strategy announced by Casey’s in their earnings calls.
This news was reported by CSP here.
by John Keller | Nov 29, 2023 | 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
Congratulations to Casey’s on adding 63 stores to their portfolio. Casey’s reached a deal to acquire 63 convenience stores from EG America.
The c-stores are located in Kentucky and Tennessee, and currently operate under the Minit Mart and Certified Oil banners.
This story was reported by CSNews here.
