The Ankeny-based Casey’s convenience store chain reports decreased revenue but a 12 percent increase in net income for the fourth quarter compared to last year. Casey’s President Darren Rebelez says that’s due in part to continued growth in their prepared food sales. He says they’ve been able to keep costs under control by closely tracking supply.
Prepared food sales have increased 14 percent in the last two fiscal years as they have added new items to the menu. Rebelez says they have avoided the large inflationary cost increases that restaurants have been having trouble with.
Rebelez says he doesn’t see the higher menu prices for their restaurant competitors dropping anytime soon, which helps Casey’s food sales.
Rebelez says they continue to add more stores to their mix.
Casey’s now has some more than 26-hundred stores in 17 states, including the addition of stores purchased in Texas.
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