Business Analysis of Casey's General Stores

 Analyze Historical Performance, Strategic Priorities, And Business Improvement Opportunities of Casey's General Stores

CASEY'S GENERAL STORES

Business Overview

Casey's General Stores, Inc., together with its subsidiaries, operates convenience stores under the Casey's and Casey's General Store names. The company's stores offer a selection of food, including freshly prepared foods, such as pizza, donuts, and sandwiches; beverage and tobacco products; health and beauty aids; automotive products; school supplies, housewares, and pet supplies; and other nonfood items. Its stores also offer fuel for sale on a self-service basis. In addition, the company operates two stores under the Tobacco City name primarily selling tobacco products; and one grocery store. As of April 30, 2017, it operated approximately 1,978 stores in 15 Midwestern states, primarily in Iowa, Missouri, and Illinois. Casey's General Stores, Inc. was founded in 1959 and is headquartered in Ankeny, Iowa.

Casey's General Stores

Casey's General Stores


R&P Rank: 386
Sector: Retail
Industry:Grocery Retail
H.Q Location:Iowa
Website: www.caseys.com
Company Address:
P.O. BOX 3001, ANKENY IA 50021
Ph:515-243-7611

Business Analysis of Casey's General Stores

The Retail Sector is witnessing a major shakeup, new age business models in the industry are transforming both customers and businesses. Faced with this uncertainity, companies are investing resources to transform their business. An in-depth business analysis is a valuable resource to identify and articulate the need for a business model change. At R&P Research we believe, the starting point for a business analysis is Benchmarking. Business benchmarking can be done at various levels: 1) Industry Benchmarking 2) Peer Benchmarking 3) Disruptors Benchmarking. In this report, we share the snapshot of how Casey's General Stores compares against the industry on the major performance indicators. This analysis, along with peer group/disruptors benchmarking and revenue model understanding can help identify growth and cost optimization opportunities to maximize the value delivered by Casey's General Stores to its stakeholders. R&P Research Industry Intelligence Platform provides historical data for last 15 years with an easy to use benchmarking interface for an in-depth comparative business analysis.

Here is the performance snapshot of Casey's General Stores with an interactive chart.

  1. Revenue Growth: Casey's General Stores reported a revenue growth of -8.3% year-on-year during 2016. Grocery Retail Industry grew at 1.1% in the same period
  2. COGS share of Revenues: As a percentage of revenue, Casey's General Stores spent 77.3% of its total revenues on COGS. Grocery Retail industry average (COGS share of revenue) in the same period was 77.2%
  3. R&D share of Revenues: Casey's General Stores R&D share of Revenues details are not available because either company does not share the data or we do not have it
  4. SG&A share of Revenues: As a percentage of revenue, Casey's General Stores spent 14.8% of its total revenues on Sales, Marketing, and General Administration (SG&A). Grocery Retail industry average SG&A spending in the same period was 16.9%
  5. Inventory share of Revenues: As a percentage of revenue, Casey's General Stores spent 2.9% of its total revenues on Inventories. Grocery Retail industry average Inventory spending in the same period was 5.3%
  6. Accounts Payable share of Revenues: As a percentage of revenue, Casey's General Stores invested 3.4% of its total revenues on Accounts Payable (A/P) Grocery Retail industry average Accounts Payable investment in the same period was 4.8%
  7. Accounts Receivable share of Revenues: As a percentage of revenue, Casey's General Stores invested 0.4% of its total revenues on Accounts Receivable (A/R). Grocery Retail industry average Accounts Receivable investment in the same period was 1.6%
  8. PP&E share of Revenues: As a percentage of revenue, Casey's General Stores invested 31.6% of its total revenues on Property, Plants, and Equipments (PP&E). Grocery Retail industry average PPE investment in the same period was 17.8%
  9. Intangibles share of Revenues: As a percentage of revenue, Casey's General Stores invested 1.8% of its total revenues on Intangibles. Grocery Retail industry average Intangibles investment in the same period was 4.2%
  10. Net Margins: Casey's General Stores Net Margins in the year 2016 were 3.2%. Grocery Retail industry average Net Margins in the same period were 1.9%

Sector and Industry Association of Casey's General Stores

For the purpose of performance benchmarking of a company with a sector or industry average, R&P Research associates every company with one sector and one industry. An industry consists of companies with related/similar business models. A sector comprises of a group of related/similar industries.

Casey's General Stores is associated with Retail Sector and Grocery Retail Industry.

Retail sector is comprised of the following industries: Broadline Retail; Grocery Retail; Specialty Retail; Apparel Retail; Home Improvement Retail; Specialized Consumer Services. The definitions for each of the industries is as follows:

  • Broadline Retail industry includes retail outlets and wholesalers offering a wide variety of products including both hard goods and soft goods.
  • Grocery Retail industry includes retail stores that primarily offer non-perishable food that is packaged in cans, bottles and boxes, with some also having fresh produce, butchers, delis, and bakeries
  • Specialty Retail industry includes retailers and wholesalers concentrating on a Single Class of Goods, such as electronics, books, automotive parts or closeouts. It also includes automobile dealerships, video rental stores, dollar stores, duty-free shops and automotive fuel stations not owned by oil companies.
  • Apparel Retail industry consists of retailers and wholesalers specializing mainly in Clothing, Shoes, Jewelry, Sunglasses and Other accessories.
  • Home Improvement Retail industry includes retailers and wholesalers concentrating on the sale of home improvement products, including Garden Equipment, Carpets, Wallpaper, Paint, Home Furniture, Blinds and Curtains, and Building materials.
  • Specialized Consumer Services industry includes providers of consumer services such as Auction Houses, Day-care Centers, Dry Cleaners, Schools, Consumer Rental Companies, Veterinary Clinics, Hair Salons and providers of Funeral, Lawn-maintenance, Consumer-storage, Heating and Cooling installation and Plumbing services.

Industry Ranking of Casey's General Stores

With $7.1 billion revenues, Casey's General Stores ranked number 4 of all the companies in the US Grocery Retail industry. There were a total of 10 public companies in the US Grocery Retail industry that had revenues greater than $50 million during 2016.

The top-10 companies in the US Grocery Retail industry by revenues during 2016 were:

  1. Kroger ($109.8 billion)
  2. Supervalu ($17.5 billion)
  3. Whole Foods Market ($15.7 billion)
  4. Casey's General Stores ($7.1 billion)
  5. Smart & Final Stores ($4.3 billion)
  6. Sprouts Farmers Market ($4 billion)
  7. Ingles Markets ($3.8 billion)
  8. Weis Markets ($3.1 billion)
  9. Village Super Market ($1.6 billion)
  10. Natural Grocers ($705.5 million)

Business Model Analysis (BMA) Framework

We use the following framework to assess the business model of a company. Business Model Analysis framework can be used by organizations to articulate growth strategies and identify cost optimization opportunities. Technology and consulting companies can use this framework to identify the value drivers and pain points of their targeted customers. Entrepreneurs can use this framework to understand the language of business and identify promising business opportunities. This framework can be used by any professional aspiring to take up a leadership role to better understand the businesses challenges, articulate growth strategy, and monitor the business improvement requirements for the organization.

Next Steps

  • Conduct a holistic benchmarking; to identify and target additional sources of value
  • Get in touch with us to learn more about Business Model Analysis Framework
  • Get free data, charts, and analysis of Casey's General Storesand its peers on select key performance indicators by clicking the reports provided below

Industry Peers and Competitors of caseys-general-stores

Kroger (KR) Business Analysis – Analyze Historical Performance, Strategic Priorities, And...

Kroger Co with $110 billion revenues in the year 2016 was the number 1 Grocery Retail company. Read this report to know the top competitors of Kroger and identify growth and cost optimization opportunities of Kroger

Supervalu (SVU) Business Analysis – Analyze Historical Performance, Strategic Priorities, And...

Supervalu Inc with $18 billion revenues in the year 2016 was the number 2 Grocery Retail company. Read this report to know the top competitors of Supervalu and identify growth and cost optimization opportunities of Supervalu

Whole Foods Market (WFM) Business Analysis – Analyze Historical Performance, Strategic...

Whole Foods Market Inc with $16 billion revenues in the year 2016 was the number 3 Grocery Retail company. Read this report to know the top competitors of Whole Foods Market and identify growth and cost optimization opportunities of Whole Foods Market

Smart & Final Stores (SFS) Business Analysis – Analyze Historical Performance,...

Smart & Final Stores, Inc. with $4 billion revenues in the year 2016 was the number 5 Grocery Retail company. Read this report to know the top competitors of Smart & Final Stores and identify growth and cost optimization opportunities of Smart & Final Stores

Sprouts Farmers Market (SFM) Business Analysis – Analyze Historical Performance, Strategic...

Sprouts Farmers Market, Inc. with $4 billion revenues in the year 2016 was the number 6 Grocery Retail company. Read this report to know the top competitors of Sprouts Farmers Market and identify growth and cost optimization opportunities of Sprouts Farmers Market

Ingles Markets (IMKTA) Business Analysis – Analyze Historical Performance, Strategic Priorities,...

Ingles Markets Inc with $4 billion revenues in the year 2016 was the number 7 Grocery Retail company. Read this report to know the top competitors of Ingles Markets and identify growth and cost optimization opportunities of Ingles Markets

Revenues Analysis

Casey’s General Stores (CASY) Revenues And Revenue Growth From 2012 To...

This report provides the last five years revenues and revenue growth of Casey's General Stores Inc (CASY) from 2012 to 2016. Casey's General Stores generated a total of $7.1 billion revenues during 2016. Casey's General Stores reported a revenue growth of -8.3% year-over-year during 2016. The revenues and the revenue growth correspond to the fiscal year ending in April.

Casey’s General Stores (CASY) Revenues And Revenue Growth From 2002 To...

This report provides the last fifteen years revenues and revenue growth of Casey's General Stores Inc (CASY) from 2002 to 2016. Casey's General Stores generated a total of $7.1 billion revenues during 2016. Casey's General Stores reported a revenue growth of -8.3% year-over-year during 2016. The revenues and the revenue growth correspond to the fiscal year ending in April.

Casey’s General Stores (CASY) Revenue Growth Comparison With Industry Growth From...

This report provides a comparison of Casey's General Stores Inc (CASY) revenue growth with Grocery Retail industry growth during the last five years from 2012 to 2016. Casey's General Stores reported a revenue growth of -8.3% year-over-year during 2016. The Grocery Retail industry growth was 1.1% year-over-year during 2016. Casey's General Stores growth was slower than the industry during 2016.

Profit Analysis