What does a Casey’s store offer?
A typical Casey’s General Store (CASY) location offers over 3,000 food and nonfood items, though the selection is generally limited to one or two well-known brands of each item. 87% of Casey’s stores offer beer, while 98% offer donuts and pizza.
Nonfood items include tobacco products, health and beauty aids, school supplies, pet supplies, and automotive products.
Additionally, each store includes four to ten islands of fuel dispensers and storage tanks with a total capacity of 30,000–50,000 gallons of fuel. All Casey’s stores remain open for at least sixteen hours per day, seven days a week. Around 850 stores operate on a 24-hour basis. The sales area of the store is between 2,500 and 4,000 square feet.
Casey’s General Stores versus its convenience store peers
7-Eleven is the biggest convenience store chain in the United States, with around 8,300 stores. It’s followed by Couche-Tard with around 7,300 stores, Speedway with around 2,800 stores, and Casey’s with around 1,900 stores.
Casey’s stores are typically located in smaller communities with low-density populations that are not served by larger national convenience store chains. The chain is present in 14 Midwestern states, with strong presences in Iowa (505 stores), Missouri (326 stores), and Illinois (422 stores).
Casey’s General Stores is included in the portfolio holdings of the PowerShares DWA Consumer Staples Momentum ETF (PSL) and the SPDR S&P Retail ETF (XRT). PSL and XRT have holdings of 2.9% and 1.1%, respectively, in CASY.