Mission Statement, Vision, & Core Values (2024) of Casey's General Stores, Inc. (CASY).

An Overview of Casey's General Stores, Inc. (CASY)

General Summary of Casey's General Stores, Inc. (CASY)

Casey's General Stores, Inc. (CASY), founded in 1959, operates a chain of convenience stores primarily in the Midwest. As of July 31, 2024, the company operates 2,674 stores across 17 states, with a significant presence in Iowa, Missouri, and Illinois. Casey's offers a variety of products and services, including fuel, grocery items, and prepared food, catering to the convenience needs of its customers. The company reported total revenue of $4.1 billion for the first quarter of fiscal 2025, a 5.9% increase from $3.87 billion in the same period of the previous year.

Company's Financial Performance in the Latest Financial Reports

In the first quarter of fiscal 2025, Casey's General Stores achieved record-breaking revenue driven by robust sales across its main product categories. The breakdown of revenue is as follows:

The increase in fuel gallons sold was 58,545 gallons (8.2%), totaling 772,536 gallons during the quarter. The company also saw an increase in same-store sales, with prepared food and dispensed beverage sales up by 4.4%, grocery and general merchandise by 1.6%, and fuel gallons sold by 0.7%.

Introduction to Company as One of the Leading Companies in the Industry

Casey's General Stores is recognized as a leader in the convenience store industry, largely due to its strategic focus on expanding its store footprint and diversifying its product offerings. The company has continued to grow through acquisitions and new store openings, with 138 additional stores compared to the previous year. Its commitment to providing high-quality prepared foods and beverages, alongside fuel and grocery items, has positioned Casey's as a preferred choice for consumers in smaller communities. The company is also exploring renewable energy options and electric vehicle charging stations to meet evolving consumer demands, further solidifying its market position.

Mission Statement of Casey's General Stores, Inc. (CASY)

Mission Statement Overview

Casey’s General Stores, Inc. (CASY) operates with a clear mission statement that reflects its commitment to providing exceptional convenience and value to its customers. The mission statement emphasizes the importance of quality products, outstanding service, and community involvement, guiding the company’s strategic direction and long-term goals.

Core Component 1: Quality Products

At the heart of Casey's mission is a commitment to offering high-quality products. This includes a wide range of grocery items, prepared foods, and fuel. In the first quarter of fiscal 2025, total revenue reached $4.1 billion, reflecting a 5.9% increase from the previous year. Prepared food and dispensed beverage revenue alone increased by $32.3 million or 8.7%, driven by strong same-store sales growth of 4.4% .

Core Component 2: Outstanding Service

Casey’s places a strong emphasis on delivering outstanding customer service. This commitment is evident in its operational strategies and employee training programs. The company operates 2,674 stores across 17 states, with an ongoing initiative to enhance the customer experience. In Q1 2025, net income increased by 6.5% to $180.2 million, indicating successful operational management and customer service efforts .

Core Component 3: Community Involvement

Community involvement is a vital aspect of Casey’s mission. The company actively engages in local initiatives and supports local economies. As of July 31, 2024, Casey's had implemented an electric vehicle (EV) strategy, adding 178 EV charging stations at 41 stores across 13 states, responding to the growing demand for alternative fuel options . Furthermore, the company’s commitment to offering renewable fuel options, with 43% of its stores providing biodiesel, illustrates its dedication to environmental stewardship .

Overall, Casey's mission statement encapsulates its dedication to quality, service, and community, which are critical to its ongoing success and competitive positioning in the convenience store industry.

Vision Statement of Casey's General Stores, Inc. (CASY)

Vision Statement Overview

As of 2024, Casey's General Stores, Inc. (CASY) has articulated a vision that emphasizes community engagement, customer service, and sustainable growth. The company's vision statement reflects its commitment to providing quality products while fostering a culture of inclusivity and innovation.

Community Engagement

Casey’s aims to be the leading convenience store in the communities it serves. This is evident through its strategic initiatives that focus on local sourcing and community involvement. In fiscal 2025, the company reported a total revenue increase of $228,486 (5.9%) compared to the same period in the previous year, driven by strong local sales across its 2,674 stores.

Customer-Centric Approach

At the heart of Casey's vision is a strong emphasis on customer satisfaction. The company has implemented various customer loyalty programs, including Casey's Rewards, which recognized a contract liability of $56,124 as of July 31, 2024. This program encourages repeat business and enhances customer relationships, contributing to a same-store sales increase of 4.4% in prepared food and dispensed beverages.

Sustainable Growth and Innovation

Casey's vision includes a commitment to sustainable practices and innovation. The company has begun implementing an electric vehicle (EV) strategy, with 178 charging stations installed at 41 stores across 13 states as of July 31, 2024. This initiative aligns with broader trends in sustainability and positions Casey’s as a forward-thinking leader in the convenience store sector.

Commitment to Employee Development

Casey’s recognizes that its employees are integral to achieving its vision. The company has invested in employee training and development programs, which contributed to a total share-based compensation expense of $11,036 in Q1 FY2025. This investment not only enhances employee satisfaction but also improves overall service quality at the stores.

Long-Term Strategic Goals

The long-term goals of Casey’s vision focus on expanding its footprint while maintaining operational efficiency. The company plans to continue its acquisition strategy, having entered into an agreement to acquire 198 retail stores for $1,145,000, which is expected to close in 2024. This growth strategy is designed to enhance market presence and drive revenue growth sustainably.

Core Values of Casey's General Stores, Inc. (CASY)

Integrity

The core value of integrity is paramount at Casey's General Stores, Inc. (CASY). It emphasizes honesty and transparency in all business dealings, fostering trust with customers, employees, and stakeholders. In 2024, Casey's has demonstrated this commitment by adhering to strict compliance standards and ethical guidelines in its operations.

For example, Casey's maintains a comprehensive code of conduct that all employees must follow. This code includes guidelines on ethical behavior, conflict of interest, and compliance with laws and regulations. Additionally, the company has implemented regular training sessions for employees to reinforce these values, ensuring that integrity remains a cornerstone of its corporate culture.

Customer Commitment

Customer commitment is another vital core value for Casey's. The company prioritizes customer satisfaction through continuous engagement and feedback mechanisms. As of July 31, 2024, Casey's has seen a 4.4% increase in same-store sales of prepared food and dispensed beverages, indicating successful customer engagement strategies.

Casey's Rewards program, which allows customers to earn points for purchases, has also expanded, with a contract liability of $56,124 recognized as of July 31, 2024, reflecting the program's popularity and effectiveness in enhancing customer loyalty.

Community Engagement

Community engagement reflects Casey's dedication to making a positive impact in the communities it serves. In 2024, Casey's has increased its involvement in local initiatives, including sponsoring youth sports teams and participating in community clean-up events. The company also focuses on supporting local charities through fundraising efforts and donations.

In the first quarter of fiscal 2025, Casey's reported operating 2,674 stores across 17 states, with many locations in smaller communities. This presence allows the company to contribute significantly to local economies.

Employee Empowerment

Employee empowerment is critical to fostering a motivated workforce at Casey's. The company invests in employee training and development programs, ensuring that staff have the necessary skills and knowledge to excel in their roles. In the first quarter of fiscal 2025, Casey's reported an increase in operating expenses, partly due to rising employee expenses, which contributed to enhancing employee compensation and benefits.

As of July 31, 2024, Casey's had a share-based compensation expense of $11,036, reflecting the company's commitment to reward employees for their contributions.

Innovation

Innovation is a driving force for Casey's as it seeks to enhance customer experience and operational efficiency. The company has embraced technology in its operations, including the introduction of mobile ordering and payment systems. This initiative has contributed to an 8.7% increase in prepared food and dispensed beverage revenue.

Additionally, Casey's is expanding its electric vehicle (EV) charging infrastructure, having installed 178 charging stations at 41 stores across 13 states as of July 31, 2024. This strategic move aligns with the growing consumer demand for alternative fuel options.