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Casey’s(CASY) - 2024 Q2 - Quarterly Report
2023-12-10 16:00
Title of each class Trading Symbol(s) Name of each exchange on which registered Common Stock, no par value per share CASY The NASDAQ Global Select Market ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended October 31, 2023 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 CASEY'S GENERAL STORES, INC. (Exact name of registrant as specified in its charter) 50021 (Zip Code) Securities Registered pur ...
Casey’s(CASY) - 2024 Q1 - Earnings Call Transcript
2023-09-12 15:53
Financial Data and Key Metrics Changes - Diluted EPS finished at $4.52 per share, an 11% increase from the prior year [6] - Net income increased by 11% to $169 million, and EBITDA rose by 8% to $316 million [6] - Total revenue for the quarter was $3.8 billion, a decrease of 13% from the prior year due to lower retail fuel prices [33] - Gross profit was $878 million, an increase of 5% from the prior year [36] Business Line Data and Key Metrics Changes - Inside sales increased by 8% to $1.4 billion, with same-store sales up 5.4% [10][33] - Grocery and general merchandise sales rose by 8% to $997 million, with a margin of 34.1% [30][34] - Prepared food and dispensed beverage sales increased by 8.5% to $373 million, with a margin of 58.2%, up 260 basis points from the prior year [29][34] - Fuel margin was $0.416 per gallon, down from the previous year's high [11] Market Data and Key Metrics Changes - Same-store gallons sold increased by 0.4%, with a fuel margin of $0.416 per gallon [31] - The average retail price of fuel was $3.40 per gallon, down from $4.49 a year ago [35] Company Strategy and Development Direction - The company launched a thin crust pizza offering, which has been successful and aligns with its three-year strategic plan [7] - The company is focused on M&A opportunities, with a pending acquisition of 63 stores from EG Group expected to close this calendar year [17][21] - The company aims to leverage its balance sheet for disciplined yet opportunistic growth [25] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in the strength of the business model and the ability to achieve strategic objectives [9] - The company noted that the operating environment has been relatively stable, with no significant macro events affecting margins [8] - Management indicated that they will revisit the annual outlook following the second quarter earnings call [18] Other Important Information - Total operating expenses increased by 3.2% or $17.6 million, primarily due to unit growth [12] - The company maintained a quarterly dividend of $0.43 per share [15] - The company repurchased approximately $30 million of stock during the quarter [16] Q&A Session All Questions and Answers Question: Fuel margins and underlying drivers - Management noted that fuel margins were stronger than expected and attributed this to a normal environment with no significant volatility [56] Question: Inside sales performance - Management highlighted strong performance in prepared foods, particularly with the new thin crust pizza, and noted growth across various categories [64] Question: Private label performance - Management reported a 10% unit share and over 10% gross profit share in private label products, with strong growth expected to continue [23][106] Question: M&A opportunities - Management confirmed they have the financial flexibility and appetite for more acquisitions, with a focus on identifying suitable opportunities in the market [62] Question: Operating expenses and optimization - Management discussed ongoing efforts to optimize store operations, resulting in improved engagement scores among team members and guests [101][120]
Casey’s(CASY) - 2024 Q1 - Quarterly Report
2023-09-10 16:00
FORM 10-Q CASEY'S GENERAL STORES, INC. (Exact name of registrant as specified in its charter) (515) 965-6100 (Registrant's telephone number, including area code) Title of each class Trading Symbol(s) Name of each exchange on which registered Common Stock, no par value per share CASY The NASDAQ Global Select Market Commission File Number 001-34700 Iowa 42-0935283 (State or other jurisdiction of incorporation or organization)(I.R.S. Employer Identification Number) One SE Convenience Blvd., Ankeny, Iowa (Addre ...
Casey’s(CASY) - 2023 Q4 - Annual Report
2023-06-22 16:00
Table of Contents Title of each class Trading Symbol(s) Name of each exchange on which registered Common Stock, no par value per share CASY The NASDAQ Global Select Market United States SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-K ☒ Annual Report Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 For the Fiscal Year Ended April 30, 2023 OR ☐ Transition Report Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 Commission File Number 001-34700 CAS ...
Casey’s(CASY) - 2023 Q4 - Earnings Call Transcript
2023-06-07 16:49
Casey's General Stores, Inc. (NASDAQ:CASY) Q4 2023 Earnings Conference Call June 7, 2023 8:30 AM ET Company Participants Brian Johnson - Senior Vice President, Investor Relations and Business Development Darren Rebelez - President and Chief Executive Officer Steve Bramlage - Chief Financial Officer Conference Call Participants Karen Short - Credit Suisse Anthony Bonadio - Wells Fargo Ben Bienvenu - Stephens Bonnie Herzog - Goldman Sachs Bobby Griffin - Raymond James Kelly Bania - BMO Capital Markets Irene N ...
Casey’s(CASY) - 2023 Q3 - Earnings Call Transcript
2023-03-08 17:18
Casey’s General Stores Inc. (NASDAQ:CASY) Q3 2023 Earnings Conference Call March 8, 2023 8:30 AM ET Company Participants Darren Rebelez - President, Chief Executive Officer Steve Bramlage - Chief Financial Officer Brian Johnson - Senior Vice President, Investor Relations Conference Call Participants Bonnie Herzog - Goldman Sachs Karen Short - Credit Suisse Anthony Bonadio - Wells Fargo Bobby Griffin - Raymond James Irene Nattel - RBC Chuck Cerankosky - Northcoast Research Jack Hardin - Stephens Krisztina ...
Casey’s(CASY) - 2023 Q3 - Quarterly Report
2023-03-06 16:00
| --- | --- | |----------------------------------------------------------------------------------------------------------------------------------------------|-----------| | Finance lease liabilities $ | 78,222 | | 3.67% Senior notes (Series A) due in 7 installments beginning June 17, 2022, and ending June 15, 2028 | 135,000 | | 3.75% Senior notes (Series B) due in 7 installments beginning December 17, 2022 and ending December 18, 2028 | 45,000 | | 3.65% Senior notes (Series C) due in 7 installments beginnin ...
Casey’s(CASY) - 2023 Q2 - Earnings Call Transcript
2022-12-07 17:14
Casey's General Stores, Inc. (NASDAQ:CASY) Q2 2023 Earnings Conference Call December 7, 2022 8:30 AM ET Company Participants Brian Johnson - SVP, IR and Business Development Darren Rebelez - President and CEO Steve Bramlage - CFO Conference Call Participants Anthony Bonadio - Wells Fargo Bonnie Herzog - Goldman Sachs Ben Bienvenu - Stephens Benjamin Wood - BMO Capital Markets Alessandra Jimenez - Raymond James Chuck Cerankosky - Northcoast Research Irene Nattel - RBC Capital Markets John Royall - JPMorgan K ...
Casey’s(CASY) - 2023 Q2 - Quarterly Report
2022-12-05 16:00
SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 Title of each class Trading Symbol(s) Name of each exchange on which registered Common Stock, no par value per share CASY The NASDAQ Global Select Market FORM 10-Q ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended October 31, 2022 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 Commission File Number 001-34700 CASEY'S GENERAL STORES, I ...
Casey’s(CASY) - 2023 Q1 - Earnings Call Presentation
2022-09-08 17:54
ya Casey's Casey's - Casey's SUPER UNL PREMIUM DIESEL CIFIC FICH TECH Investor Deck September 2022 Safe Harbor statements The presentation is dated as of September 8, 2022 and speaks as of the date unless otherwise specified. Forward-Looking Statements This presentation contains statements that may constitute forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995, including those related to expectations for future periods, possible or assumed future results of ...