Wed, Nov. 25, 9:26 AM
- The average price for a gallon of gas in the U.S. has now dropped to $2.06 per gallon - a mark that is 27% lower than where gas prices stood heading into the holiday period last year. Despite the extra dollars in the wallets of consumers, most forecasts for holiday retail sales are on the modest side (below 4%).
- The extended period of sub-$3 gas prices in the U.S. hasn't exactly lit consumer spending across broad retail on fire (just ask Wal-Mart) - although it has stoked auto sales for the Detroit Three (GM, F, FCAU). The regional casino sector (ISLE, PENN, BYD, ERI, MTN, MCRI) and cruise line stocks (NCLH, RCL) have also benefited more than major chain stores. Some have suggested that lower gas prices are also an understated driver for Starbucks (NASDAQ:SBUX) and Netflix (NASDAQ:NFLX) which both score high on customer stickiness.
- What next? Seeking Alpha's Stock Pitch Contest on retail is still open until November 30 amid the reset on consumer spending expectations. Current long ideas include PLAY, FRAN, CASY, SKX, WMT, PSUN, HGG, PRTY, TJX, TA, VSTO - while short bets on WMAR, TIF, RT, AMZN, UA, LB, and OUTR are on record.
- Related ETFs: XLP, XLY, VDC, XRT, VCR, RTH, RETL, FXG, PBJ, IYK, IYC, FXD, PEJ, FDIS, RHS, FSTA, SCC, UCC, RCD, PMR, PEZ, UGE, PSL, PSCC, PSCD, SZK, BITE.
Sun, Sep. 13, 2:47 PM
- U.S. gas prices fell sharply over the last three weeks, according to the latest read from Lundberg Survey.
- The average price for a gallon of regular declined 9.8% to $2.4419 for the period ending on September 11.
- Fuel margins are a key earnings factor for a large number of retail chains including CST Brands (NYSE:CST), Murphy USA (NYSE:MUSA), Costco (NASDAQ:COST), Kroger (NYSE:KR), Wal-Mart (NYSE:WMT), and Casey's General Stores (NASDAQ:CASY).
Tue, Sep. 8, 4:18 PM
Mon, Sep. 7, 5:35 PM
Tue, Aug. 18, 11:17 AM
- AAA reports the average U.S. gas price rose $0.085 last week to $2.664 per gallon as a BP outage in Indiana played into supply factors in Midwestern states.
- Casey's General Stores (NASDAQ:CASY) is the gas seller that might feel the biggest impact due to its high concentration in the Midwest.
- The national gas average is still 23% below where it stood a year ago.
- Related ETF: UGA
Mon, Jul. 13, 4:04 PM
Tue, Jun. 23, 6:07 PM
- NiSource spinoff Columbia Pipeline Group (CPGX) is taking Allegeheny Technologies' (NYSE:ATI) spot in the S&P 500. Allegheny will join the S&P MidCap 400.
- Also joining the S&P 400: Casey's General Stores (NASDAQ:CASY), Graham Holdings spinoff Cable One, DuPont spinoff Chemours, and the post-spinoff Energizer (NYSE:ENR).
- Getting dropped to the S&P SmallCap 600 from the 400: Unit Corp. (NYSE:UNT), Harsco (NYSE:HSC), and Semtech (NASDAQ:SMTC).
- Also joining the S&P 600: Nektar (NASDAQ:NKTR), Masco spinoff TopBuild, and the new/post-spinoff Gannett (NYSE:GCI). Gannett's broadcast/digital spinoff Tegna (Pending:TGNA) will have old Gannett's spot in the S&P 500.
- Getting dropped from the S&P 600, and not moving up: Aeropostale (NYSE:ARO), Paragon Offshore (NYSE:PGN), PetroQuest (NYSE:PQ), Quiksilver (NYSE:ZQK), and FXCM.
- Leaving the S&P 400, and not moving elsewhere: Peabody (NYSE:BTU) and AOL (acquired by Verizon).
- ATI -1% AH. UNT -0.7%. ARO -1.1%. PQ -1.9%. BTU -1.1%. NKTR +5.2%.
- Press Release (.pdf)
Thu, Jun. 18, 3:45 PM
- A strategic deal between Target and CVS Health to place CVS MinuteClinics inside of Target stores could have an impact in the convenience store sector, observes CSP Daily News.
- If the large-scale deal is replicated with other retailer-drugstore combinations, consumers may shift some spending habits.
- C-stores have seen strong traffic trends this year.
- Convenience store operators: Circle K (OTCPK:ANCUF), 7-11, CST Brands (NYSE:CST), Murphy USA (NYSE:MUSA), Pantry (OTCPK:ANCUF), BP Connect (NYSE:BP), On the Run (NYSE:XOM), Speedway America (NYSE:MPC), Kwik Shop (NYSE:KR), Casey's General Stores (NASDAQ:CASY), and Qwiktrip.
- Previously: Target and CVS Health sign major partnership (Jun. 15 2015)
Tue, Jun. 9, 9:19 AM
- Casey's General Stores (NASDAQ:CASY) shoots higher in premarket trading after topping expectations with its Q1 report.
- The drop in fuel prices compared to a year ago cut into revenue during the quarter, although same-store gallons were up 3.5% indicating traffic was solid.
- Same-store sales for grocery and merchandise +9.7%.
- Same-store sales for prepared food and fountain +13.5%.
- Previously: Caseys General Stores beats by $0.20, beats on revenue (Jun. 08 2015)
- CASY +4.3% premarket to $91.00.
Mon, Jun. 8, 5:37 PM
Mon, Jun. 8, 4:10 PM
Sun, Jun. 7, 5:35 PM
Thu, May 14, 9:47 PM
- Consolidation in the grocery industry could pick up even more, observes Supermarket News.
- A large merger between Albertsons and Safeway (NYSE:SWY) has been followed by talks between Delhaize (NYSE:DEG) and Ahold (OTCQX:AHONY).
- The increased push by Wal-Mart and Target in the sector has added pressure to leverage store growth through M&A.
- "There is mounting pressure in the supermarket industry to consolidate operations to drive better purchasing power and leverage distribution and technology platforms," notes Wolfe Research.
- Kroger (NYSE:KR) is seen as a likely candidate to look for a chain to acquire.
- Previously: Ahold, Delhaize confirm merger talks (May 12)
- Grocery stocks: RNDY, SVU, VLGEA, WFM, CASY, IMKTA, OTCPK:PUSH, TFM, SFM, WMK.
Wed, Apr. 22, 3:10 PM
- Convenience stores saw a 0.1% increase in same-store tobacco sales last year after a strong Q4.
- The mark ended a multi-year streak of declining tobacco sales.
- The tobacco category makes up the highest percentage of in-store spending at convenience stores.
- Lower gas prices are believed by some analysts to have boosted consumer demand, while the exit of CVS Health from the category may have also played a small factor.
- Kwik Check Food Stores CEO Kevin Smartt says "flat is the new up" for tobacco growth, but warns on margin pressure.
- Convenience store chain owners: KR, CASY, PTRY, OTCPK:ANCUF, CST, MUSA
Fri, Mar. 20, 1:40 PM| Fri, Mar. 20, 1:40 PM | 1 Comment
Tue, Mar. 10, 10:20 AM
- Casey's General Stores (CASY -7.4%) trades lower after FQ3 revenue missed the expectation of analysts.
- The sharp drop in gas prices cut into sales despite higher traffic at pumps and inside the company's stores.
- Shares have recovered somewhat from a wild after-hours session which saw Casey's down almost 11% at one point.
- Previously: Casey's General Stores beats by $0.19, misses on revenue (Mar. 09 2015)
- Previously: Food sales and gas margins up at Casey's in FQ3 (Mar. 09 2015)
Casey's General Stores Inc, together with its subsidiaries, operates convenience stores under the Caseys General Store name in 14 Midwestern states. Its stores offers a selection of food, beverage and tobacco products as well as other nonfood items.
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