Casey’s General Stores Inc. is requiring all of its office employees in Ankeny, Iowa, where the company is based, to return to working from the office. For the first time since the COVID-19 pandemic, employees will work full time starting May 1.
The company shared the news with employees last week, according to Katie Petru, director of communications and community at Casey’s. Employees have had a hybrid working model since 2021, and this news marks a shift to employees being fully in office, she said.
“This will be positive for the team experience and collaboration,” Petru told CSP. “We are still providing our team flexibility as needed.”
Casey's General Stores Inc. is No. 3 on CSP’s 2024 Top 202 ranking of convenience-store chains by store count.
Casey's had 20,935 full-time and 24,424 part-time employees, of which about 3% work out of the Store Support Center or perform Store Support Center functions. Approximately 94% are store team members, 1% are field management and related team members, 1% work in and support our three distribution centers and 1% are fuel or grocery drivers, according to the company's 2024 fiscal-year annual report.
As of Jan. 31, Casey’s owned a total of 2,993 convenience stores, up from 2,658 as of April 30. The net increase included 229 acquisitions (one not opened), 21 new builds and 14 closed stores.
For its total fiscal-year 2025 outlook, the company expects same-store inside sales to increase approximately 3% to 5% with inside margin to be comparable to the prior year. The company expects same-store fuel gallons sold to be negative 1% to positive 1%. It expects total operating expenses to increase 11% to 13% for the fiscal year, including approximately $25 million to $30 million in one-time deal and integration costs related to the Fikes acquisition, while it expects same-store operating expense excluding credit card fees to only increase 2% for the year. It expects net interest expense to be approximately $90 million for the year, depreciation and amortization to be approximately $410 million and the tax rate to be approximately 23% to 25% for the fiscal year.
Casey’s, based in Ankeny, Iowa, operates more than 2,900 c-stores in the greater Midwest under the Casey’s and GoodStop brands and in Texas under the Lone Star Food Stores and CEFCO brands. The company is the third-largest convenience-store retailer, the fourth-largest holder of liquor licenses and the fifth-largest pizza chain in the United States.
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