$CASY (Casey's General Stores, Inc.)

$CASY {{ '2016-06-07T15:35:43+0000' | timeago}} • Webcast

Ben Brownlow of Raymond James asks about RIN volumes. $CASY CFO Bill Walljasper said RINs from a quantity perspective were down in 4Q16. He added that there was about $1.8MM worth of RINs contract that got shifted into May that normally would have been into April and $1.8MM represents about $0.03 on earnings.

$CASY {{ '2017-09-07T17:52:36+0000' | timeago}} • Webcast

$CASY said Cigarettes has been a declining category from a secular standpoint for sometime. $CASY believes cigarette will started moderate back in that mid single-digits to low single-digit comps. $CASY sees people trading to more value added cigarettes that could be generic cigarettes Marlboro black product that's considered value add proposition.

$CASY {{ '2017-09-07T17:46:15+0000' | timeago}} • Webcast

For 1Q18, $CASY's capital expenditures were at $94.9MM, compared to $85.2MM a year ago. The company expects capital expenditures to increase as new store constructions accelerate and it completes additional major remodels and replacement projects. In FY18, $CASY expects capital expenditures to be $500-600MM.

$CASY {{ '2017-09-07T17:43:49+0000' | timeago}} • Webcast

$CASY's total sales in the prepared food and fountain category for 1Q18 were up 7.5% to nearly $262MM. Same-store sales were up 3.7%, which fell short of its annual guidance, as the company experienced lower traffic counts. This pressure is related to agricultural economy and the continued spread between food at home and food away.

$CASY {{ '2017-09-07T17:40:34+0000' | timeago}} • Webcast

$CASY's total sales in the grocery and other merchandised category for 1Q18 were up 5.5% to $597.4MM. Same-store sales were up 3.1% during the quarter in line with its annual guidance. The average margin in the quarter was up 30 basis points to 31.9% from last year, primarily due to a product mix shift to higher margin items.

$CASY {{ '2017-09-07T17:38:50+0000' | timeago}} • Webcast

$CASY's retail fuel prices continue to be low, resulting in same-store gallons in 1Q18 being up 1.7%. Total gallons sold for 1Q18 grew 5.4% to $565.1MM. The average retail price of fuel during this period was $2.16 a gallon compared to $2.14 last year.

$CASY {{ '2017-09-05T21:11:14+0000' | timeago}} • Infographic

$CASY Casey's General Stores Earnings AlphaGraphic: Q1 2018 Highlights

$CASY {{ '2017-09-05T20:28:39+0000' | timeago}} • Announcement

$CASY predicts FY18 operating expenses to increase 9-11%, and depreciation and amortization to rise 13-15%. $CASY now sees to build or acquire 90 to 120 stores, replace 30 existing locations, and close 75 major remodels. Also, the BoD declared a quarterly dividend of $0.26 per share, payable on Nov. 15 to shareholders of record on Nov. 1, 2017.

$CASY {{ '2017-09-05T20:28:23+0000' | timeago}} • Announcement

$CASY still expects FY18 same-store gallons sold to increase 1-2%, and same-store sales at grocery and other merchandise to rise 2-4%. The company lowered same-store sales at prepared food and fountain growth outlook to 4-6% from 5-7%.

$CASY {{ '2017-09-05T20:28:09+0000' | timeago}} • Announcement

$CASY reported a drop in 1Q18 earnings due to vesting provisions changes that accelerated long-term stock incentive expense, and increases in Illinois state tax rates. Net income fell to $56.76MM or $1.46 per share from $67.39MM or $1.70 per share last year. Revenue grew to $2.09Bil from $1.97Bil.

$CASY {{ '2017-06-06T15:54:53+0000' | timeago}} • Webcast

On the same-store sales front, $CASY said that customer traffic continued to decline gradually throughout 4Q17. The company is now seeing uptick in same-store sales as it headed into 1Q18, and expects to deliver positive comp sales.

$CASY {{ '2017-06-06T15:05:06+0000' | timeago}} • Webcast

For FY18, $CASY plans to replace 30 stores, complete 75 major remodels, covert 75 additional stores to 24-hour format, and add 100 additional stores to pizza delivery.

$CASY {{ '2017-06-06T15:01:01+0000' | timeago}} • Webcast

$CASY saw strong gains from its online ordering program during 4Q17. Subsequent to the roll out in Jan. 2016, total downloads of the company's mobile app have exceeded 850,000 and continues to grow, said the company.

$CASY {{ '2017-06-05T20:41:44+0000' | timeago}} • Announcement

During 4Q17, $CASY's largest revenue generating segment Fuel reported 26% growth in sales to $1.09Bil. Grocery & Other Merchandise sales rose 5% to $500MM, while Prepared Food & Fountain revenue was $233MM, up 7%.

$CASY {{ '2017-06-05T20:33:07+0000' | timeago}} • Announcement

Convenience store chain $CASY reported 36% drop in 4Q17 profit, hurt by increased expense. Net income fell to $30MM, or $0.76 per share, compared to $47MM, or $1.19 per share during 4Q16. Total revenues during the quarter were 1.85Bil, up 17% from $1.58Bil during prior year period. Operating expenses increased 11.2% to $1.2Bil.

$CASY {{ '2017-03-07T16:35:14+0000' | timeago}} • Webcast

$CASY said that it intends to increase the number of new stores on an annualized basis. The company has scaled up its staff and brought on new associates during the year. In addition, the company is opening its first new store in Ohio on March 17.

$CASY {{ '2017-03-07T15:51:35+0000' | timeago}} • Webcast

Convenience store chain $CASY said it experienced downward pressure on customer traffic which adversely impacted same-store sales across all of the categories during 3Q17.

$CASY {{ '2017-03-06T21:55:14+0000' | timeago}} • Announcement

For FY17, $CASY plans to build or acquire 77 to 116 stores, replace 35 existing locations, and complete 100 major remodels. The company estimates Fuel segment same-store gallons to increase same-store gallons sold by 2%. Same-store sales for Grocery & Other Merchandise to increase by 6.2% and for Prepared Food & Fountain is to increase by 10.2%.

$CASY {{ '2017-03-06T21:48:42+0000' | timeago}} • Announcement

Fuel, $CASY’s largest revenue-generating segment, posted a 19% YoY improvement in 3Q17 sales. Grocery and merchandise segment sales grew 5% to $476MM, while Prepared Food and Fountain segment sales grew 9% to $228.3MM.

$CASY {{ '2017-03-06T21:36:18+0000' | timeago}} • Announcement

$CASY reported a 40% drop in its 3Q17 profit, hurt by higher expenses. Net income fell to $22.84MM or $0.58 per share to $38.09MM or $0.98 per share in the prior year quarter. Revenue rose 13% to $1.77Bil. Operating expenses increased 12.6% to $292.3MM.

$CASY {{ '2016-12-08T16:46:35+0000' | timeago}} • Webcast

$CASY stated that the primary success of the pizza delivery program has been in larger communities. The company recently started rolling out pizza delivery into smaller communities and has seen good success. Moving forward, $CASY believes it has an opportunity to roll out additional pizza delivery stores in smaller communities.

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