Casey's General Stores (CASY) Tops Q1 EPS by 29c

Casey's General Stores (NASDAQ: CASY) reported Q1 EPS of $4.83, $0.29 better than the analyst estimate of $4.54. Revenue for the quarter came in at $4.1 billion versus the consensus estimate of $4.15 billion.

Fiscal 2025 Outlook:

The Company is not updating its previously communicated fiscal 2025 outlook until after the closing of the Fikes transaction, with the exception of store growth, which is now expected to be approximately 270 units in fiscal 2025.

Under its previously communicated fiscal 2025 outlook, the Company expects EBITDA to increase at least 8%. The Company expects inside same-store sales to increase 3% to 5% and inside margin comparable to fiscal 2024. The Company expects same-store fuel gallons sold to be between negative 1% to positive 1%. Total operating expenses are expected to increase approximately 6% to 8%. Net interest expense is expected to be approximately $56 million. Depreciation and amortization is expected to be approximately $390 million and the purchase of property and equipment is expected to be approximately $575 million. The tax rate is expected to be approximately 24% to 26% for the year.

For earnings history and earnings-related data on Casey's General Stores (CASY) click here.

You May Also Be Interested In

• Chevron signed an agreement with Iraq's Basra Oil Company to advance commercial negotiations for West Qurna 2
• DBV Technologies refreshes ATM program with $150M ADS offering
• Hims & Hers chief accounting officer to resign in October