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

$CASY {{ '2016-09-07T17:34:41+0000' | timeago}} • Webcast

As of the end of 1Q17, $CASY did not open any new store constructions. The company currently has 39 new stores under construction and 72 sites under contract for future new builds, which is up over 40% from a year ago. $CASY is continuing to work on accelerating its organic growth over the next several years.

$CASY {{ '2017-12-12T18:42:01+0000' | timeago}} • Webcast

$CASY is planning to roll out an array of promotional activities for the remainder of the current fiscal year and beyond, including value propositions to retain the value-conscious consumers. Encouraged by the strong performance of its liquor business, Casey’s is mulling opening of more stores for that product line.

$CASY {{ '2017-12-12T18:04:34+0000' | timeago}} • Webcast

$CASY said it expects to benefit from lower tax rates in the coming years, as a result of the government's tax reforms. Capital expenditure is seen rising in the near term as the company continues to invest in acquisitions and store infrastructure. Also, margins are expected to expand in the second half of the year. helped by improved pricing.

$CASY {{ '2017-12-12T17:40:52+0000' | timeago}} • Webcast

$CASY said its top-line was negatively impacted by softer traffic in the back half of the second quarter. The Fuel division recorded better than expected comparable sales, supported by gains from the sale of fuel credits. Comparable store sales of the company's Grocery and Other Merchandise division was affected by unfavorable weather conditions.

$CASY {{ '2017-12-12T15:12:02+0000' | timeago}} • Infographic

$CASY Casey’s General Stores, Inc. Earnings AlphaGraphic: Q2 2018 Highlights

$CASY {{ '2017-12-11T22:06:02+0000' | timeago}} • Announcement

$CASY has lowered its FY18 comparable sales growth outlook for Prepared Food and Fountain to 2-4% from the previous outlook of 4-6%. The company continues to expect same-store sales of Grocery and Other Merchandise to grow in the 2-4% range. Comparable sales of Fuel is expected to grow between 1% and 2%, and operating expense is seen rising 9-11%.

$CASY {{ '2017-12-11T21:53:41+0000' | timeago}} • Announcement

Convenience store operator $CASY reported another decline in profit in second quarter as higher expenses more than offset a  marked gain in revenues. Earnings dipped to $1.28 per share from $1.44 per share in 2Q17, and missed estimates. Revenues, meanwhile, rose 12% to $2.2Bil. The company said it opened its 2,000th store during the quarter.

$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.

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