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3Q 2022 mixed results for Casey's is a snapshot of the Midwest economy

Casey's Distribution Center Joplin, Mo
Casey's Distribution Center Joplin, Mo

Casey's operates 15 stores in the greater Joplin area

Earlier this week, Casey's, the gas station known for its pizza and donuts, released third-quarter results, which yielded mixed results. KRPS's Fred Fletcher-Fierro has more.

The company, which operates over2,400 stores in 16 states and territories throughout the US, including 323 in Missouri, announced in an earnings report third quarter-to-date performance remained consistent with expectations for 2022.

Also, that same-store inside sales for the third quarter were in the lower half of the annual range, between a 5-7% increase. In contrast, same-store fuel gallons for the quarter were near the low end of the yearly capacity of a flat to 2% increase. In addition, third quarter-to-date fuel margins were similar to the company's reported second-quarter fuel margins last year. Casey's total operating expense growth is expected to be near the low end of the annual range of a 9-10% increase.

Founded in 1967, Casey's has grown to become the third-largest convenience store retailer and the fifth-largest pizza chain in the United States. The chain operates numerous warehouses throughout the midwest, including Joplin. For 89 9 KRPS, I'm Fred Fletcher-Fierro

Since 2017 Fred Fletcher-Fierro has driven up Highway 171 through thunderstorms, downpours, snow, and ice storms to host KRPS’s Morning Edition. He’s also a daily reporter for the station, covering city government, elections, public safety, arts, entertainment, culture, sports and more. Fred has also spearheaded and overseen a sea change in programming for KRPS from a legacy classical station to one that airs a balance of classical, news, jazz, and cultural programming that better reflects the diverse audience of the Four States. For over two months in the fall of 2022 he worked remotely with NPR staff to relaunch to an NPR style news and information website.

In the fall of 2023 Fred was promoted to Interim General Manager and was appointed GM in Feburary of 2024.
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