Casey’s Has Some Supply Chain Issues, All-Time Gross Profit in 2nd Quarter

(Ankeny, IA)  —  Ankeny-based Casey’s convenience stores report continued recovery from the pandemic slowdown despite some continuing challenges.  Casey’s president Darren Rebelez said today (Wednesday) that total gross profit of 718-million dollars was an all-time high for the second quarter.  Shares were down from the previous year, but Rebelez said they were still impressive in the wake of an extremely challenging retail environment.  Supply chain issues were one of the biggest challenges and they were out of donuts, chicken and fountain beverage cups during parts of the quarter.   He says Casey’s had increased guest counts and positive same-store fuel volumes.  Some of the increases were offset by higher operating expenses, higher wage rates, and credit card fees, along with the addition of 161 additional stores.