Casey’s Convenience Stores Report Record 1st Quarter Profits

(Ankeny, IA) — Ankeny-based Casey’s convenience stores reports the end of pandemic shutdowns has had a big impact on the company’s bottom line. CEO Darren Rebelez says first-quarter sales volume and margin improved dramatically as guest traffic began to rebound — driving an all-time high gross profit for the company. Chief financial officer Steve Bramlage said Casey’s had a gross profit of 723-point-nine million dollars in the first quarter. That’s an increase of over 100 million dollars in the prior year and the highest gross profit in Casey’s history. He says the fuel profits included a higher than normal sale of 19 million dollars in renewable fuel credits. Gas sales increased nine percent — and he says the company took advantage of higher gas prices to make 35 cents on each gallon sold.