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Casey's Shares Slip 4% Despite Earnings Beat
Financial Modeling Prep· 2025-12-11 00:13
Core Insights - Casey's General Stores, Inc. reported second-quarter earnings of $5.53 per share, exceeding the analyst consensus of $5.18, with revenue of $4.51 billion, slightly above the $4.5 billion estimate, and a net income increase of 14% year-over-year to $206.3 million [1][2] Financial Performance - Inside same-store sales increased by 3.3%, or 7.5% on a two-year basis, with inside margins improving to 42.4% [2] - Inside gross profit rose by 13.5% to $703.4 million, while fuel gross profit increased by 20.9% to $377.4 million, supported by a 0.8% rise in same-store gallons and a fuel margin of 41.6 cents per gallon [2] Expansion and Outlook - The company operated 2,921 stores as of October 31, marking a nearly 9% increase from the previous year, including 16 newly built locations and 26 acquired stores [3] - Casey's raised its fiscal 2026 outlook, now expecting EBITDA growth of 15% to 17%, with inside same-store sales projected to rise by 3% to 4% and margins between 41% and 42% [3]
Amcor Surges In Pre-Market Following CFO Appointment, Strong Fiscal 2026 Outlook - Graphic Packaging Holding (NYSE:GPK), Amcor (NYSE:AMCR)
Benzinga· 2025-10-10 08:11
Core Viewpoint - Amcor PLC has appointed Stephen R. Scherger as the new CFO, reaffirming its financial outlook for fiscal year 2026 while experiencing a slight increase in share price during pre-market trading [1][5]. Leadership Changes - Stephen R. Scherger, previously CFO of Graphic Packaging Holding Co., will assume the role of executive vice president and CFO effective November 10 [2]. - Scherger has a strong background in the packaging industry, having doubled net sales to nearly $9 billion and tripled net income at his previous company [2]. - He replaces Michael Casamento, who served as CFO for 10 years and is returning to Australia but will remain an advisor until June 30, 2026 [4]. Compensation Details - Scherger's compensation includes a $1 million annual base salary, a $500,000 sign-on bonus, and $2.3 million in retention equity [4]. Financial Outlook - Amcor reaffirmed its guidance for fiscal year 2026, expecting adjusted earnings per share (EPS) between 80 and 83 cents, indicating a 12-17% growth on a constant currency basis [5]. - Free cash flow for fiscal 2026 is projected to be between $1.8 billion and $1.9 billion, with first-quarter adjusted EPS expected to be in the range of 18 to 20 cents [6]. Stock Performance - Over the past year, Amcor's stock has declined by 29.55%, with a market capitalization of $18.05 billion and an average daily trading volume of 21.17 million shares [8]. - The stock has a price-to-earnings (P/E) ratio of 24.43 and offers a dividend yield of 6.52% [8].