Fresh prepared food that is ready-2-eator heat-N-eat aka grocerant niche food has driven top line sales and bottomline profits within the convenience store sector for over 4 years now. In fact fresh prepared food sales successhave allowed the convenience store sector to grow at a faster rate over thepast 4 years than any other sector of the retail foodservice industryincluding, restaurant, grocery, club, or drug stores.
Never however has it been so apparentas when Robert J. Myers, president and CEO of Casey's stated "We expectthis acquisition to be accretive in the first year of operation and enhancefuture earnings as we integrate our prepared food operations." Myers was referring to the news that Casey’swas under contract to purchase 27 convenience stores this week.
Casey’s CFO Bill Walljasper notedduring a conference call that they have “opened one new store and threereplacement stores. In its latest quarter, Casey's focused on remodeling 26stores, adding pizza delivery to 50 more locations and converting 26 stores to24-hour formats.”…Here is the very best part that Walljasper revealed of the“50 stores adding pizza delivery, pizza sales increased by more than 45percent,” he stated.
The conference call all went on and freshfood continued providing highlights “prepared food and fountain sales rose by10.6 percent with an average margin of 63.5 percent.” Success does leave clues and fresh preparedfood is one of the clues to retail food sales success. When you are ready-2-eatcustomers like Casey’s General Stores.
Foodservice Solutions®specializes in outsourced business development. We can help you identify,quantify and qualify additional food retail segment opportunities. Foodservice Solutions of Tacoma WA is the globalleader in the Grocerant niche visit Facebook.com/Steven Johnson,Linkedin.com/in/grocerant or twitter.com/grocerant
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