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 | 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 | Sep 21, 2022 | Customer News, Fuel Price Management, Fuel Price Optimization, Fuel Pricing Software, Fuel Pricing Strategy, Fuel Pricing Technology, Fuel Software, Price Advantage, PriceAdvantage
We just wrapped up another successful PriceAdvantage User Conference, where once again we had lots of face time with so many of our customers. The conference had a great turnout again this year, which is a testimony to how much our customers enjoy the time interacting with other like-minded retail fuel pricing folks at this event. The attendees loved the opportunity to brush up on their product knowledge, discuss the product roadmap, and provide direct feedback on where the software should go. They also enjoyed their 1:1 time with the PriceAdvantage team.
This is our sixth User Conference, and the attendees this year all told us they will be back again next year.
We’re already looking forward to our 2023 User Conference!
by John Keller | Jul 8, 2022 | Customer News, Fuel Price Management, Fuel Price Optimization, Fuel Pricing Software, Fuel Pricing Strategy, Fuel Pricing Technology, Fuel Software, PriceAdvantage
Parkland is rolling out the On The Run brand as a critical part of its strategy to grow by 5X by 2025. CStore Decisions is recognizing OTR as a Chain to Watch – read about it here.
Technology is a crucial consideration as Parkland looks to scale the OTR brand. “The team has been focused on systems, process and technology,” COO Jay Erickson said. “We’re standardizing on one technology system and then getting everybody onto that system.”
by John Keller | Jul 5, 2022 | Customer News, Fuel Price Management, Fuel Price Management Solutions, Fuel Price Optimization, Fuel Pricing Software, Fuel Pricing Technology, Fuel Software, PriceAdvantage
USA Today just released their 2022 Best Gas Station Brand list. PriceAdvantage customers are well represented in this top-ten list:
We’re proud to have strong partnerships with everyone here and to share in their success.
by John Keller | Apr 4, 2022 | Customer News, Fuel Price Management, Fuel Price Optimization, Fuel Pricing Software, Fuel Pricing Strategy, Fuel Pricing Technology, Fuel Software, Industry News, PriceAdvantage, Retail Fuel Margins
As reported by csnews.com, PriceAdvantage customer Minuteman Food Marts expanded their portfolio to 63 locations by acquiring all 18 locations in the Carolinas from Family Mart Food Stores.
“We are all very excited about this addition to our family,” said Chris Postlewaite, senior director of retail operations at Campbell Oil, parent company to Minuteman Food Mart. “All 18 of these locations have a great food program in the Friendly Dog.”
Elizabethtown, N.C.-based Campbell Oil is a third-generation, family-owned and -operated company that has been in business since 1946. It launched Minuteman Food Mart in 1976 as its convenience store division.
Campbell joined the PriceAdvantage family of customers in September 2021. They had their PriceAdvantage retail fuel pricing system integrated with their ADD Systems back office accounting software, Verifone POS, and pumps in just a few months.
