10 Best Grocery Stocks to Buy - Insider Monkey insidermonkey.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from insidermonkey.com Daily Mail and Mail on Sunday newspapers.
Caseyâs earnings report shows fuel consumption on the rise
BY BUSINESS RECORD STAFF Thursday, June 10, 2021 2:56 PM Vehicle fuel consumption in Middle America is on the rise, a sign people are comfortable traveling instead of staying close to home because of the pandemic, an earnings report released this week by an Ankeny-based company shows.
“Same-store gallons sold were up significantly in the back half of the [fourth] quarter,” according to a news release on the company’s earnings.
Casey’s General Stores Inc., the convenience store chain whose headquarters is in Ankeny, sold 535.2 million gallons of gasoline in its fourth quarter that ended on April 30, according to the company’s quarterly and annual earnings report that was released this week. The fourth-quarter gas sales were 6.4% higher than the 487.7 million gallons sold during the same period a year ago, at the start of the countrywide economic shutdown caused by the outbreak o
Casey s Buys Bucky s Convenience Store Chain – KIWARadio com kiwaradio.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from kiwaradio.com Daily Mail and Mail on Sunday newspapers.
University of Pennsylvania law professor Herbert Hovenkamp said regulators need to be creative to determine a gas station s market. They consider who is driving in and out of a community, for example, tapping U.S. Census Bureau survey data about commuter patterns as well as any traffic data that local transportation departments may provide.
Regulators also may seek data from the gas station owners, determining who their customers are. In some cases, the owners may volunteer the data, hoping to prove they aren t exerting monopoly power.
That happed in a famous antitrust case involving Casey s, Hovenkamp said. In the mid-1980s, when annual sales dropped, the company s executives decided to sell gas at a loss in some small towns, according to a U.S. Court of Appeals ruling.
Why Casey s must sell gas stations to buy more in Iowa, Nebraska amestrib.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from amestrib.com Daily Mail and Mail on Sunday newspapers.