Yesway's Fuel-Focused Strategy Fuels Growth Amid Economic Pressures
Yesway, a convenience store operator, recently presented its business strategy at the Goldman Sachs Global Consumer and Retail Conference. The company's model has performed well despite changing economic conditions, with a strong focus on fuel sales, value-priced food, and tight labor controls.
According to management, the company is leaning on diesel sales, which make up about 38% of total fuel sales, and same-store fuel volumes rose 1.4% in the second quarter. The company also highlighted its food service platform, led by the Allsup's burrito, which sells for $4.99 and helps drive traffic and inside sales.
Yesway plans to keep expanding through new builds and selective acquisitions, with a focus on markets where it believes it has a structural edge. The company reaffirmed a five-year plan to open 130 new stores, targeting 6 to 8 openings for 2026.