But is Wawa a good investment?
Find out everything, including the top stocks in the competition.
Does Wawa Allow Stock Purchases?
Wawa is a privately held firm, so you can’t invest in it via the stock market.
We’ll explain in detail how you may acquire Wawa stock.
Read on if you’re interested in learning to invest in Wawa stock and obtaining a list of stocks from the company’s rivals.
What is Wawa, and why has it been so successful?
Wawa: What Is It?
Wawa is a convenience store chain that has been in business since 1964.
The firm, which started in a Pennsylvania garage, now has more than 900 outlets.
All Wawa shops are open all the time, every day of the week, and they stock a wide variety of popular snacks and drinks.
Wawa is well-known for its freshly brewed coffee and delicious, custom-made sandwiches (and hoagies).
History of Wawa and How It Began
To begin with, Wawa wasn’t a network of gas stations. Contrary to popular belief, the company’s humble beginnings had nothing to do with fuel. Once upon a time, a farm in New Jersey was known as the Wawa Dairy Farm.
Not until almost a century later did the corporation we all know and love enter the scene. George Wood’s first plan was a dairy farm when he settled in Pennsylvania in 1890.
When Did Wawa Switch Its Business Model?
Built initially by Grahame Wood in 1964 in Folsom, Pennsylvania, the first Wawa Food Market continued in business until 2016.
The convenience store industry was new territory for the corporation. However, at the time, convenience shops were growing popular, so Wawa didn’t take long to enjoy great success.
We now have over 31,000 people working in 900 sites throughout the globe.
Given its history of fast expansion, we’ll undoubtedly see this figure climb in the future. Starting in Pennsylvania, Wawa has expanded up and down the East Coast.
The convenience store chain presently services the following states:
Washington, Pennsylvania, Delaware, New Jersey, Maryland, Virginia, DC, and Florida.
Because the firm intends to open more Wawa locations in the future, its revenue stream should keep on increasing.
Who Owns Wawa?
Forbes reports that over 200 Wood family relatives own just under half of Wawa’s equity.
In addition, through an employee stock options scheme, Wawa’s staff owns just over 40% of the firm (ESOP).
How Much Is Wawa Worth?
Although Wawa does not disclose its financial standing, several estimates are available. Its assets are worth about $1.6 billion.
If we learn any specific figures on the company’s net worth, we’ll be sure to pass them along to you.
How Successful Is Wawa?
Wawa claims to make over $13 billion in yearly gross sales.
Roughly $118 million is the total net sales revenue for the firm.
Keep in mind that these are Wawa’s claimed stats and have not been validated.
Why Is Wawa So Successful?
Wawa’s success may be attributed to several factors.
Wawa’s basic principles of care, honesty, transparency and accountability serve as the foundation for the business and employee cultures. Employees and consumers are happy as a result of this.
The organization is dedicated to fostering an environment that promotes success for its employees and the business.
The organization is dedicated to giving its employees and clients unique benefits.
Learn How to Invest in Wawa Stock
Because Wawa is a private corporation, its stock is not traded on any public market. However, via employee stock options, you may acquire Wawa shares.
This is bad news for everyone who doesn’t work at Wawa, but it is fantastic for the staff.
At present, more than 9,000 staff members are stockholders. The employer contributes to an ESOP on behalf of all qualified employees.
The firm had a profit-sharing scheme in place for its employees before ESOP became an option.
Since its inception, Wawa has always been committed to its staff.
Initial Public Offering for Wawa
Wawa may have been rumored to go public in the past, but at this time, there doesn’t seem to be any plans to do so. Wawa seems to have sufficient resources in-house to continue growing without seeking further funding.
Even while the firm currently provides stock options to workers, it has not publicly announced any plans to go public.
Wawa is unlikely to go public anytime soon since there are currently no plans for an initial public offering.
Wawa Stock Symbol?
Wawa has no stock symbol since it is not a publicly listed firm (AKA ticker symbol).
Until Wawa makes an S-1 filing or reserves a ticker, the public will be in the dark about the company’s stock ticker.
The corporation may want to think about using a symbol like WAWA, WWA, or WAW.
Investors’ Opinions on Wawa Stock
A share of Wawa’s stock is now worth over $14,000.
This is a significant increase from its 2009 price of $900. Moreover, since the implementation of the ESOP at Wawa, the stock price has risen by 1,455%.
As a result, those who received these shares of stock at the time of their first offering and hung on to them may have reaped substantial financial rewards.
Notably, it seems that Wawa does not let its workers sell their shares on secondary markets; thus, employees would need to cash out via the firm.
Other Stores That Compete With Wawa
Take a peek at some of Wawa’s rivals if you’re interested in finding a business with comparable growth or value.
Most gas stations with cult-like followings are privately owned, so keep that in mind. This is because, over time, customers of both brands have progressively increased thanks to each company’s more specialized retail offerings.
Casey’s General Stores (NASDAQ: CASY)
Like Wawa, Casey’s General Stores operates a network of convenience stores.
The headquarters of the firm may be found in the heartland.
We suggest Casey stock partly because of its consistent rise over the last five years.
Since the epidemic started, there hasn’t been a significant drop. In 2020, profits were $9.175 billion for the firm.
Marathon Petroleum Corp. (NYSE: MPS)
Marathon Petroleum processes crude oil, sells gasoline and diesel, and ships petroleum throughout the nation.
Consider Marathon if you’re looking for a stock that has the potential to appreciate.
Hess Corp. (NYSE: HES)
The Hess Corporation’s main business interests are in petroleum and natural gas. It also is in charge of providing the merchandise offered at its stations.
Adding Hess to a diversified portfolio is a possibility. Although Hess has made a name for itself in the gas station industry, the corporation has always been focused on energy.
Compared to Wawa and Casey’s, this is a significant selling point.
When Wawa Goes Public, Should You Invest in It?
Buying shares in Wawa might be an excellent investment if and when the company goes public. After years of growth and success, the corporation shows no signs of slowing down.
You should DYOR before investing in Wawa if it goes public.
Final Thoughts: Can I Buy Wawa Stock?
If you’re searching for a chain with consistent, quick service, you can’t go wrong with Wawa.
What was formerly a dairy farm that supplied delivery to nearby homes has evolved into a convenient rest stop.
In addition to selling gasoline, Wawa also serves food and beverages.
The firm offers many excellent benefits to its employees, making it a terrific workplace. Whenever Wawa decides to go public, the stock will undoubtedly be priced at a premium.
However, if Wawa stock is something you really want, you’ll need to join the company’s workforce first.
Frequently Asked Questions About Wawa Stock
Can I buy Wawa stock on the stock market?
Wawa is not a publicly traded firm, disappointing potential investors. Shares of Wawa are delisted from the stock exchange, meaning they are unavailable for trading.
While workers are allowed to own shares of Wawa stock, they are not permitted to sell their shares on a secondary market.
Where does Wawa come from?
Wawa Inc is an independent chain of convenience stores that operates without a parent corporation.
Instead, the Wood family and the company’s workers are the only ones to whom the business is responsible. This might change down the road, but for now, it seems unlikely.
What is the Value of Wawa’s ESOP?
The Inquirer estimates that the Wawa ESOP’s value is close to $2 billion. When the program was first introduced, Wawa stock was only worth $900 per share.
However, there has reportedly been a huge gain in the value of 1,455%, making each share worth anywhere between $14,000 and $16,000.
What is the Net Worth of the Wawa Family?
We could not locate any up-to-date estimations of the Wawa family’s wealth, although, in 2015, many estimated it to be around $1.3 billion.
However, it’s reasonable to conclude that the Wawa family’s wealth is about $2 billion, given that the value of employee stock options has recently been calculated at more than that.
What is the salary of Wawa’s top executive?
The CEO of Wawa, Chris Gheysens, allegedly earns $230,000 per year (including base salary and bonus).
While this is an estimate, it is the most generally reported (and reasonable) statistic we came across in our investigation of Wawa.