The leaders of the Iowa based Casey’s convenience store chain say the weak ag economy is showing its impact as sales were up but didn’t reach the goals set for the company’s fiscal year that ended in April. Casey’s president and C-E-O Terry Handley talked about the issue during a conference call on the fourth quarter results.
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Handley says customers were spending less on prepared foods.
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Handley says despite the challenging environment the company saw the 16th consecutive year of positive same-store sales growth in both the grocery and other merchandise and prepared food and fountain categories.
Casey’s is lowering expectations for 2018, projecting growth in sales of between two-and-four percent for groceries and between five and seven percent for prepared foods.