UPDATE: Casey's General Stores (CASY) Tops Q1 EPS by 18c

(Updated includes PDF)

Casey's General Stores (NASDAQ: CASY) reported Q1 EPS of $1.57, $0.18 better than the analyst estimate of $1.39. Revenue for the quarter came in at $2.05 billion versus the consensus estimate of $2 billion.

"The goal for fiscal 2016 is to increase same-store gallons sold 2% with an average margin of 16.7 cents per gallon. For the first quarter, same-store gallons sold were up 3.4% with an average margin of 17.5 cents per gallon. "Same-store sales continue to benefit from low retail fuel prices," said Myers. "Wholesale fuel costs were volatile throughout the quarter. Our pricing strategy allows our store managers to respond quickly to local price competition, which helped us maintain volumes and achieve a margin above goal." The Company sold 15.7 million renewable fuel credits for $8 million during the first three months of the year. Total gallons sold for the quarter were up 8% to 501.2 million gallons."

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

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