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

$CASY {{ '2016-09-06T20:34:38+0000' | timeago}} • Announcement

$CASY's Prepared Food and Fountain goal for FY17 is to increase same-store sales 10.2% with an average margin of 62.5%. Same-store sales for 1Q17 were up 5.1% with an average margin of 62.8%. Total prepared food and fountain sales were up 9.1% to $243.7MM and gross profit were up 9.6% to $153.1MM for 1Q17.

$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.

$CASY {{ '2016-12-08T16:28:53+0000' | timeago}} • Webcast

$CASY anticipates the 15 sites it has under contract to be completed and to open up in 2H17. The company had more acquisition activity in FY17 relative to a year ago. The majority of the sites under contract and new store constructions will fall in FY18. $CASY is taking steps to have a sustained accelerated unit growth in new store construction.

$CASY {{ '2016-12-08T16:06:27+0000' | timeago}} • Webcast

In 2Q17, $CASY opened 11 new store constructions, completed 9 replacement stores and acquired three stores. The company also completed 16 major remodels in the quarter. $CASY currently has 39 new stores, 22 replacement stores and 37 major remodels under construction. Store count at the end of 2Q17 was 1,941.

$CASY {{ '2016-12-08T15:57:19+0000' | timeago}} • Webcast

During 2Q17, in $CASY’s prepared food category, gross profit dollars rose 7.4% to $156.3MM. The company is optimistic about the growth in this category for the remainder of FY17 as it benefits from the continued implementation of pizza delivery stores and its major remodel program as well as new store openings.

$CASY {{ '2016-12-08T15:51:15+0000' | timeago}} • Webcast

$CASY's total sales in the grocery and other merchandise category were up 5.5% to $545MM in 2Q17. Same-store sales were up 3.1%. This was short of the annual goal due to a deceleration in customer traffic and a tightening in consumer spending. Total sales across all major areas of the category showed mid to high single digit increases.

$CASY {{ '2016-12-08T12:28:03+0000' | timeago}} • Announcement

$CASY's same-store gallons sold were up 3.7% with an average margin at 18.6 cents per gallon and expected to grow 2% with an average margin of 18.4 cents per gallon for FY17. Same-store sales grew 5.1% with an average margin of 62.9% and expected to increase 10.2% with an average margin of 62.5% for FY17.

$CASY {{ '2016-12-08T12:27:52+0000' | timeago}} • Announcement

$CASY's BoD declared a quarterly dividend of $0.24 per share. The dividend is payable on Feb. 15, 2017 to shareholders of record on Feb. 1, 2017. $CASY expects to build or acquire 77 to 116 stores, replace 35 existing locations, and complete 100 major remodels.

$CASY {{ '2016-12-08T12:27:39+0000' | timeago}} • Announcement

$CASY posted 2Q17 earnings of $57.18MM, or $1.44 per diluted share, down 28% from a year ago, hurt by 6.1 cents per gallon lower fuel margin than the 24.7 cents per gallon in 2Q16. Revenue declined 0.2% to $1.92Bil. The company sold 17.8MM renewable fuel credits for $15.9MM.

$CASY {{ '2016-09-07T17:45:47+0000' | timeago}} • Webcast

Bonnie Herzog of Wells Fargo asks about $CASY's average basket ring during 1Q17. CFO Bill Walljasper replied that the basket ring over the last three quarters has gone down sequentially.

$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.

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