Casey’s General Stores, Inc. (NASDAQ:CASY) Q1 2024 Earnings Call Transcript

Darren Rebelez: Yeah. John, I’m not so sure that we’ve seen a difference in terms of the impact innovation has had in the new stores. That being said, we’ve been really happy with the way our new stores have ramped in the last couple of years. I think that’s really a testament to the real estate team and their ability to use more advanced analytics to identify high potential sites and get those sites under contract. And so, we’ve just seen an increase in how quickly those stores have ramped in general. I think the innovation only helps in that respect, and it gets more people interested in the stores and helps feed that traffic into those stores.

John Lawrence: Great. And secondly, remind us a little bit on that fuel margin. You talked at Analyst Day about some of the things, some of the tools you’re using to help with the analytics on that data, on gas prices, et cetera. Would you remind us of that, please?

Darren Rebelez: Yeah. We’ve had for — a number of years, we’ve had some more analytic tools. We’ve essentially just given the pricing analysts the information that they need to make more informed decisions. So they’ve got a real-time credit card data that allows us to see where competitors are priced. We’ve got information feeding to them from the commodity market, so they know where cost is moving at any given time. And so, they really have a — and then they have inventory information from the store. So, at any given time, they really have a complete picture of all the factors that would influence price within a particular trade area. And so, they’re just simply able to make more informed decisions as a result of that.

Operator: Thank you. I see no further questions in the queue. I would now like to turn the conference back to Darren Rebelez for closing remarks.

Darren Rebelez: Okay. Thank you for taking the time today to join us on the call. And before we sign off, I want to thank the team members for all their hard work this quarter, and everybody, have a great rest of the day.

Operator: This concludes today’s conference call. Thank you all for participating. You may now disconnect, and have a pleasant day.