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Casey's General Stores Inc. (CASY) continues to distinguish itself in the convenience store sector through robust operational strategies that bolster its market position and financial performance. A resilient business operating model, stellar omnichannel capabilities, expanded customer outreach and exclusive private-label offerings strengthen Casey's competitive position. Casey's focus on technology advancements, merchandise ordering efficiency, inventory management and data analytics positions it well for ...

We could issue additional shares for investment, acquisition, or other business purposes. Even if there is not an immediate need for capital, we may choose to issue securities to sell in public or private equity markets, if and when conditions are favorable. Raising funds by issuing securities would dilute the ownership interests of our existing shareholders. Additionally, certain types of equity securities we may issue in the future could have rights, preferences, or privileges senior to the rights of exis ...

Economic Indicators - The Consumer Price Index (CPI) data for May showed inflation remained flat at 3.3% year-over-year, with a monthly change of 0% compared to a 0.3% increase in April, while Wall Street expected a 0.1% monthly gain and a 3.4% annual increase [1] - The Producer Price Index (PPI) fell by 0.2% in May, down from a 0.5% increase in April, attributed to lower energy costs [1] - The Michigan Consumer Sentiment Index (MCSI) dropped to 65.6 in June, the lowest in seven months, down from 69.1 in May, indicating consumer concerns about inflation and income [2] - The GDP growth rate for Q1 2024 was 1.3%, significantly lower than the 3.4% in Q4 2023, marking the weakest growth since spring 2022 [2] - The Federal Open Market Committee (FOMC) maintained the benchmark interest rates at 5.25-5.50%, with expectations of one rate cut this year, as inflation remains above the target of 2% [12] Dividend-Paying Companies - National Fuel Gas Company (NFG) announced a dividend of 52 cents per share, with a dividend yield of 3.6% [4] - KornFerry International (KFY) declared a dividend of 37 cents per share, with a dividend yield of 2% and a payout ratio of 31% of earnings [16][6] - Caterpillar (CAT) announced a dividend of $1.41 per share, with a dividend yield of 1.6% and a payout ratio of 24% of earnings [7][18] - Target (TGT) declared a dividend of $1.12 per share, with a dividend yield of 3.1% and a payout ratio of 49% of earnings [19][9] - Casey's General Stores (CASY) announced a dividend of 50 cents per share, with a dividend yield of 0.5% and a payout ratio of 13% of earnings [10][21] Market Performance - Major U.S. indexes, including the Dow, S&P 500, and Nasdaq, reported year-to-date returns of 3.8%, 14.8%, and 18.1%, respectively [11] Investment Strategy - In a volatile market, companies that consistently pay dividends tend to outperform non-dividend-paying stocks, making them attractive for investors seeking regular income and capital preservation [13]

Casey’s General Stores Inc. (NASDAQ:CASY) Q4 2024 Earnings Conference Call June 12, 2024 8:30 AM ET Company Participants Darren Rebelez - President, Chief Executive Officer Steve Bramlage - Chief Financial Officer Brian Johnson - Senior Vice President, Investor Relations and Business Development Conference Call Participants Michael Montani - Evercore ISI Bobby Griffin - Raymond James Anthony Bonadio - Wells Fargo Krisztina Katai - Deutsche Bank Kelly Bania - BMO Capital Markets Chuck Cerankosky - Northcoast ...

Casey's General Stores, Inc. (CASY) came up with fourth-quarter fiscal 2024 results, wherein the top and bottom lines not only beat the Zacks Consensus Estimate but also improved year over year. The company demonstrated strength in inside same-store sales, underscoring its ability to engage customers effectively. Furthermore, it registered another strong quarter of fuel margin. A Closer Look at Results Casey's, one of the leading convenience store chains in the United States, posted quarterly earnings of $2 ...

For the quarter ended April 2024, Casey's General Stores (CASY) reported revenue of $3.6 billion, up 8.2% over the same period last year. EPS came in at $2.34, compared to $1.49 in the year-ago quarter. The reported revenue compares to the Zacks Consensus Estimate of $3.48 billion, representing a surprise of +3.38%. The company delivered an EPS surprise of +37.65%, with the consensus EPS estimate being $1.70. As these metrics influence top- and bottom-line performance, comparing them to the year-ago numbers ...

Casey's General Stores (CASY) came out with quarterly earnings of $2.34 per share, beating the Zacks Consensus Estimate of $1.70 per share. This compares to earnings of $1.49 per share a year ago. These figures are adjusted for non-recurring items. Casey's, which belongs to the Zacks Retail - Convenience Stores industry, posted revenues of $3.6 billion for the quarter ended April 2024, surpassing the Zacks Consensus Estimate by 3.38%. This compares to year-ago revenues of $3.33 billion. The company has topp ...

FOR IMMEDIATE RELEASE Casey's General Stores, Inc. One SE Convenience Blvd Ankeny, IA 50021 Fourth Quarter 2024 Key Highlights Fiscal Year 2024 Key Highlights | --- | --- | --- | --- | --- | --- | --- | --- | --- | |----------------------------------|-------|------------------------------------|-------------|---------------------------------|-------|------------------------------------|-------------|------------------------------| | Net income (in thousands) | $ | Three Months \n2024 \n87,020 | Ended \n$ | ...

Core Viewpoint - The company is expected to report an increase in revenues and earnings per share for the fourth quarter of fiscal 2024, driven by strong performance in high-margin segments and strategic expansion initiatives [9][11]. Revenue Expectations - The Zacks Consensus Estimate for Casey's revenues is pegged at $3,482 million, indicating a 4.6% rise compared to the same period last year [9]. - The grocery and general merchandise category is anticipated to see an 8.8% increase in sales, while the prepared food and dispensed beverage segment is projected to grow by 12.2% [2]. Earnings Per Share - The earnings per share for the fourth quarter is estimated at $1.70, reflecting a 14.1% increase from the prior-year period, despite a slight decrease in the estimate over the past week [1]. Operating Expenses - Operating expenses are expected to rise by 9% in the final quarter, which may pose challenges to profit margins [3]. Company Performance Metrics - Casey's has a trailing four-quarter earnings surprise of 12% on average, with the last reported quarter exceeding the Zacks Consensus Estimate by 5.9% [10]. - The company has an Earnings ESP of -8.04% and a Zacks Rank of 4 (Sell), indicating a less favorable outlook for an earnings beat this time [13]. Strategic Initiatives - Ongoing expansion through new store openings and acquisitions, along with the implementation of innovative technologies, is expected to enhance operational efficiency and broaden the customer base [12]. - The company's focus on high-margin segments and effective pricing strategies is anticipated to bolster profitability [11].