Casey's General Stores Stock Flat After Q1 Earnings Report

Core Insights - Casey's General Stores reported strong first-quarter results, with earnings of $5.77 per share, surpassing the Street estimate of $5.07 [1] - Quarterly revenue reached $4.56 billion, exceeding the consensus estimate of $4.47 billion [1] Financial Performance - Inside same-store sales increased by 4.3% year-over-year and 6.7% on a two-year stack basis, with an inside margin of 41.9% [5] - Total inside gross profit rose by 14.8% to $705.5 million compared to the prior year [5] - Same-store fuel gallons increased by 1.7% year-over-year, with a fuel margin of 41.0 cents per gallon [5] - Total fuel gross profit grew by 18.8% to $373.6 million compared to the prior year [5] - Same-store operating expenses, excluding credit card fees, were up 3%, positively impacted by a 1% reduction in same-store labor hours [5] Management Commentary - CEO Darren Rebelez highlighted strong sales growth both inside and outside the store, attributing it to effective summer merchandising and team execution [2][3] - The fuel team achieved same-store gallon growth while maintaining a healthy fuel margin, indicating operational efficiency [3]