Economy tough? Still sums for gum
Thursday, October 2nd, 2008
As AndrewsGumWorld (and the whole world) knows right now, the economy is tough and businesses (especially financial institutions) are struggling, but according to an analysis earlier today on TradingMarkets.com, Casey’s General Stores have beat that trend, in part, by relying on some familiar standbies, including chewing gum:
Casey’s General Stores, Inc. (CASY) is proving that even when the economy slows, consumers will still pull over to purchase such novelties as chewing gum and fountain soda. The company’s share price has been rallying since mid July.
Casey General Stores, Inc. operates 1,468 convenience stores in the Midwest. The company was founded in 1959, has a market cap of $1.55 billion and is headquartered in Ankeny, Iowa.
First-Quarter ResultsCasey’s stepped up and delivered solid first-quarter results on Sep 3, demonstrating the company’s ability to weather a choppy economy. Revenue increased 22% from last year to $1.57 billion.
