Casey's General Stores (CASY) Tops Q3 EPS by 30c; offers outlook

Casey's General Stores (NASDAQ: CASY) reported Q3 EPS of $2.33, $0.30 better than the analyst estimate of $2.03. Revenue for the quarter came in at $3.9 billion versus the consensus estimate of $3.76 billion.

OUTLOOK

Fiscal 2025 Outlook
Casey’s is updating the 2025 outlook as follows: For fiscal year 2025, the Company now expects EBITDA to increase approximately 11%. The purchase of property and equipment is expected to be approximately $500 million.

Casey’s is not updating its outlook for the following metrics: For Casey’s total fiscal 2025 year outlook the Company expects same-store inside sales to increase approximately 3% to 5% with inside margin to be comparable to the prior year. The Company expects same-store fuel gallons sold to be negative 1% to positive 1%. The Company expects total operating expenses to increase 11% to 13% for the fiscal year, including approximately $25 to $30 million in one-time deal and integration costs related to the Fikes acquisition, while same-store operating expense excluding credit card fees are expected to only increase 2% for the year. Net interest expense is expected to be approximately $90 million for the year. Depreciation and amortization is expected to be approximately $410 million. The tax rate is expected to be approximately 23% to 25% for the fiscal year. Casey’s expects to add approximately 270 stores for the fiscal year.

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

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