One stock to keep an eye on is Casey's General Stores (CASY) . CASY is currently sporting a Zacks Rank of #2 (Buy), as well as a Value grade of A. The stock holds a P/E ratio of 23.47, while its industry has an average P/E of 23.55. Over the last 12 months, CASY's Forward P/E has been as high as 24.86 and as low as 20.20, with a median of 22.13. Investors will also notice that CASY has a PEG ratio of 2.41. This popular figure is similar to the widely-used P/E ratio, but the PEG ratio also considers a compan ...

Casey's General Stores, Inc. (CASY) has been strengthening its place in the industry through a resilient business operating model, stellar omnichannel capabilities, expanded customer outreach and exclusive private-label offerings. Driven by an unwavering commitment to guest-centered convenience and restaurant-quality food, Casey's endeavors to carve out a unique niche in the market.Decoding Casey's StrategiesCasey's shines brightly in the retail landscape, thanks to its ingenious pricing and product optimiz ...

Key PointsCintas is a leader in value-building and increased its share price by quadruple digits because of it.UniFirst is following in Cintas' footsteps: similar gains are in store over the next decade. Williams-Sonoma and Casey's General Stores are also value-building stocks income investors can buy and forget about.5 stocks we like better than CintasInvesting in business growth, acquisitions, improving margins, cash flow, dividends and share repurchases are among the leading drivers of shareholder value ...

Key PointsCasey's General Store had a mixed quarter, with revenue falling short, but margin strength offset the miss. Capital returns are solid and expected to continue with strength in F2025.Analysts' activity is mixed but lifted the consensus target by 7.5%, leading the market to fresh highs. 5 stocks we like better than Casey's General StoresCasey’s General Store NASDAQ: CASY peaked ahead of its FQ3 release and is correcting afterward, but don’t think the sell-off will continue for long. The company’s re ...

Financial Data and Key Metrics Changes - Total revenue for the quarter was $3.3 billion, a decrease of $3 million or 0.1% from the prior year, primarily due to lower retail fuel prices [5] - Net income was $86.9 million, a decrease of 13.2% from the prior year, and EBITDA for the quarter was $217.6 million, a decrease of 1.9% [91] - Diluted EPS finished at $2.33 per share, a 13% decrease from the prior year [16] - Operating expenses were up 10.3% versus the prior year, but only 2.5% on a same-store basis excluding credit card fees [4] Business Line Data and Key Metrics Changes - Inside same-store sales were up 4.1% for the third quarter or 9.9% on a two-year stack basis, with an average margin of 41.3% [3] - Prepared food and dispensed beverage sales rose by $36 million to $349 million, an increase of 11.4% [89] - Same store grocery and general merchandise sales were up 2.8% or 8.8% on a two-year stack basis, with an average margin of 33.9%, a decrease of approximately 10 basis points from the prior year [17] Market Data and Key Metrics Changes - Retail fuel sales were down $106 million in the third quarter, as an 11% decline in the average retail price of fuel was partially offset by a 6.9% increase in fuel gallons sold [19] - Fuel margin for the quarter was 37.3 cents per gallon, down 3.4 cents per gallon from the prior year [20] - Same store gallons sold were nearly flat, with a fuel margin of 37.3 cents per gallon, marking the 11th consecutive quarter with fuel margins above 34.5 cents per gallon [103] Company Strategy and Development Direction - The company is committed to adding 350 stores by the end of fiscal 2026, utilizing both new store construction and M&A strategies [43] - The prepared food program continues to drive strong results, providing a unique competitive advantage in the industry [10] - The company is focused on operational efficiency, with a continuous improvement team working to reduce same-store labor hours for seven consecutive quarters [94] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in the company's ability to execute its strategic plan, highlighting abundant growth opportunities [95] - The company noted that the consumer has proven to be resilient, with no significant changes in spending behavior observed [145] - Management expects to finish the year at the high end of their annual outlook range, driven by discretionary fourth-quarter contributions and strong performance [9] Other Important Information - The company repurchased approximately $30 million of stock during the quarter, with $310 million remaining on its existing share repurchase authorization [8] - The balance sheet remains strong, with total available liquidity of $1.1 billion and no significant maturities until fiscal 2026 [21] Q&A Session Summary Question: Can you discuss the integration of recent acquisitions? - The integration team has developed an efficient process for integrating smaller acquisitions, allowing for quicker implementation of prepared foods [36] Question: What is the outlook for fuel margins? - Fuel margins have been slightly lower than the prior year, but the company maintains a balanced approach between volume and margin [31][56] Question: How is the company addressing input costs and pricing? - The company is focused on forward buying cheese to lock in favorable pricing, expecting modest benefits in the upcoming quarters [28][50] Question: What are the expectations for prepared food sales growth? - Recent innovations in the prepared food segment have driven strong sales, with a focus on maintaining competitive pricing compared to QSRs [124] Question: How is the company managing operating expenses? - The company has successfully reduced unproductive labor hours, contributing to lower operating expenses while maintaining high guest satisfaction [51][117]

Casey's General Stores, Inc. (CASY) reported mixed third-quarter fiscal 2024 results, wherein the top line missed the Zacks Consensus Estimate, while the bottom line beat the same. The company demonstrated strength in inside same-store sales, underscoring its ability to engage customers effectively.A Closer Look at ResultsCasey's, one of the leading convenience store chains in the United States, posted quarterly earnings of $2.33 per share, which surpassed the Zacks Consensus Estimate of $2.20 per share. Th ...

| --- | --- | --- | --- | --- | --- | --- | |-----------------------------------------------------------------------------------------|-------|-----------|-------|-----------|-------|-----------| | | | FY21 | | FY22 | | FY23 | | Operating cash flows Purchase of property and equipment (441,252) (326,475) (476,568) | | $ 804,088 | | $ 788,741 | | $ 881,951 | | Free cash flow 362,836 462,266 405,383 | | | | | | | Safe Harbor Statements This presentation contains statements that may constitute forward-looking s ...

ANKENY, Iowa--(BUSINESS WIRE)--With springtime here, Casey’s is ramping up its store-level hiring and invites applicants to visit www.caseys.com/careers to apply for full-time and part-time roles in its stores for summer 2024. “We encourage our team members and community members to spread the word to consider a career at Casey’s. We are a growing retailer with a competitive offering to job seekers and the summer season is a great time to join us because there’s so much activity and energy in our stores,” ...

Casey's General Stores (CASY) reported $3.33 billion in revenue for the quarter ended January 2024, representing a year-over-year decline of 0.1%. EPS of $2.33 for the same period compares to $2.36 a year ago.The reported revenue represents a surprise of -4.52% over the Zacks Consensus Estimate of $3.49 billion. With the consensus EPS estimate being $2.20, the EPS surprise was +5.91%.While investors scrutinize revenue and earnings changes year-over-year and how they compare with Wall Street expectations to ...

Casey's General Stores (CASY) came out with quarterly earnings of $2.33 per share, beating the Zacks Consensus Estimate of $2.20 per share. This compares to earnings of $2.36 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of 5.91%. A quarter ago, it was expected that this convenience store chain would post earnings of $3.74 per share when it actually produced earnings of $4.24, delivering a surprise of 13.37%.Over the last four ...