Casey's General Stores, Inc. (NASDAQ:CASY) Q1 2021 Earnings Conference Call - Final Transcript

Sep 09, 2020 • 10:30 am ET


Casey's General Stores, Inc. (NASDAQ:CASY) Q1 2021 Earnings Conference Call - Final Transcript


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Ladies and gentlemen, thank you for standing by and welcome to the First Quarter Fiscal Year 2021 Casey's General Stores Earnings Conference Call. [Operator Instructions] As a reminder, today's program is being recorded.

I would now like to introduce your host for today's program, Brian Johnson, Senior Vice President, Investor Relations and Business Development. Please go ahead sir.

Brian Johnson

Thank you and good morning. Thank you for joining us today to discuss the results from our first quarter ended July 31st, 2020. I am Brian Johnson, Senior Vice President, Investor Relations and Business Development. With me today is Darren Rebelez, President and Chief Executive Officer; and Steve Bramlage, Chief Financial Officer.

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 relating to expectations for future periods, possible or assumed future results of operations, financial conditions, liquidity and needs, the Company's supply chain, business strategies, growth opportunities, performance at our stores, and the potential effects of the COVID-19 outbreak.

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, but not limited to, our ability to execute on the strategic plan, the impact and duration of the COVID-19 outbreak and related governmental actions or to realize benefits from that strategic 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.

Now, I'd like to turn the call over to Darren to discuss our first quarter results. Darren?

Darren Rebelez

Thanks Brian, and good morning everyone. We're really excited to share with you our first quarter results. First, I'd like to recognize our performance is only possible because of the 38,000 plus team members we have who are running our stores, supporting our stores, working in our distribution centers and creating new ways that Casey's can win each day with our guests. There's no truer reflection of our purpose, to make life better for our communities and guests every day. Thank you to the entire team for your dedication.

I also want to share a few comments on something I didn't expect, but in a year of the unexpected here's another one for the list. On August 10th, a severe storm known as derecho, hit many areas in the heart of the Midwest, in Casey's core footprint with little to no warning. Thankfully, Casey's team members were all safe. However, many of them