Casey's General Stores, Inc. (NASDAQ:CASY) Q4 2019 Earnings Conference Call Transcript

Jun 11, 2019 • 10:30 am ET


Casey's General Stores, Inc. (NASDAQ:CASY) Q4 2019 Earnings Conference Call Transcript


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Good day, ladies and gentlemen, and welcome to the Q4 FY 2019 Casey's General Stores Earnings Conference Call. At this time, all participants are in a listen-only mode. Later, we will conduct a question-and-answer session and instructions will follow at that time. (Operator Instructions) As a reminder, this conference is being recorded.

I would now like to introduce your host for today's conference, Bill Walljasper, Chief Financial Officer. You may begin.

William J. Walljasper

Good morning, and thank you for joining us to discuss Casey's results for the quarter ended April 30th. I'm Bill Walljasper, Chief Financial Officer. Terry Hanley, President and Chief Executive Officer, is also here.

Before we begin, I'll remind you that certain statements made by us during this investor call may constitute forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. These forward-looking statements include any statements related to our possible or assumed future results of operations, business strategies, growth opportunities, and performance improvements at our stores.

There are a number of known and unknown risks, uncertainties, and other factors that may cause our actual results to differ materially from any future results expressed or implied by those forward-looking statements, including our ability to execute on the value creation plan or to realize benefits from that value creation plan, as well as other risks, uncertainties, and factors which are described in our most recent annual report on Form 10-K and quarterly reports on Form 10-Q, as filed with the SEC and available on our website.

Any forward-looking statements made during this call reflect our current views as of today with respect to future events and Casey's disclaims any intention or obligation to update or revise forward-looking statements, whether as a result of new information, future events, or otherwise.

I would now like to turn the call over to Terry.

Terry W. Handley

Thank you, Bill, and good morning, everyone. Before we summarize our fourth quarter results and outlook for fiscal 2020, I wanted to take a brief moment to comment on the announcement we made last week about my upcoming retirement. As I reflect on my nearly four decades with Casey's, I'm incredibly proud of what our team has accomplished and I'm confident that the business is well positioned for continued success. This is the right time for me to retire and I have absolute confidence in my successor, Darren Rebelez. I know Darren personally and I'm familiar with his tremendous leadership experience in the convenience store, fuel and restaurant industries, most recently as the President of IHOP. I look forward to seeing where he takes this great company in the years ahead.

As this will be my last earnings call, I want to thank all of you for your keen interest in our company. It has been a pleasure getting to know all of you over the years. I know you will welcome Darren, when he officially starts later this month. Now let's move on to our results for the quarter and fiscal 2019, as well as