Description

Casey’s General Stores: A $3.91 Billion Quarter Still Hinges On Fuel Prices

Casey’s General Stores reported a quarter marked by strong profit growth, steady execution, and continued store expansion, though revenue growth stayed muted because of lower fuel prices. Diluted earnings per share rose 50% to $3.49, net income increased 49% to $130 million, and EBITDA climbed 27.5% to $309 million. Total revenue was $3.91 billion, up just 0.3% year over year, as lower retail fuel prices offset stronger inside sales and modest fuel volume growth. Gross profit rose 10.3% to $1.01 billion, supported by stronger inside merchandise and higher fuel gross profit. Prepared food and dispensed beverages remained a major growth driver. Same-store inside sales increased 4%, or 7.9% on a two-year stacked basis. Prepared food and beverage sales rose 4.3% with margins of 58.3%, while grocery and general merchandise also posted 4% same-store sales growth and margins of 35.7%.

Our Report Structure:

⦁ Company Overview
⦁ Investment Thesis
⦁ Key Drivers
⦁ Historical Quarterly Statement Analysis – Income Statement & Cash Flows
⦁ Historical Quarterly Balance Sheet Analysis
⦁ Historical Annual Financial Statement Analysis
⦁ Analysis Of Key Financial Ratios
⦁ Financial Forecasts For 3 Years
⦁ Forecasting The Capital Structure & Net Debt
⦁ Discounted Cash Flow Valuation
⦁ Trading Multiples
⦁ Key Risks
⦁ Disclosures

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