Gasoline sales accounted for 59% of Casey’s General Stores’ (CASY) fiscal 2017 top line.
For fiscal 2017, CASY’s total sales increased 5.4% YoY to $7.5 billion.
Iowa-based Casey’s General Stores (CASY) reported its fiscal 4Q17 and fiscal 2017 results on June 5, 2017. CASY stock fell 8.4% to close at $106.66 on June 6.
Dollar General’s (DG) 1Q17 results sparked a few key rating and target price revisions from Wall Street analysts.
Dollar General’s share price jumped 6.5% the day after the release of its 1Q17 results, converting its YTD (year-to-date) losses into gains.
Dollar General’s 1Q17 top line rose 6.5% YoY to $5.6 billion, driven by 6.8% YoY growth in consumables, 6.7% in apparel, and 6.2% in seasonal products.
For fiscal 1Q17, Dollar General’s (DG) adjusted diluted earnings per share stood at $1.03, beating Wall Street’s expectation by $0.03.
Dollar General (DG) delivered a better-than-expected performance on both top and bottom lines, with total sales coming in at $5.6 billion.
On June 1, 2017, Walmart stock closed at $79.81—almost at par with analysts’ 12-month target price of $79.94.
Walmart started testing its new online delivery service in three of its stores. It’s getting an overwhelming response from customers and associates.
Most analysts had a positive outlook on Costco stock. Among the 31 analysts covering Costco, ~71% recommended a “buy” and 29% recommended a “hold.”
As of May 31, Costco stock was trading at $180.43, which is close to its 52-week high of $183.18. It also trades at a premium to its peer group average.
Costco continued to report strong sales. The company’s comparable-store sales, or comps, rose 4.1% for the four-week period ending on May 28.
Casey’s General Stores (CASY) is rated by 13 Wall Street analysts, who jointly rate the stock a 2.2 on a scale of 1.0 for “strong buy” to 5.0 for “sell.”
Year-to-date, Casey’s (CASY) has had an 18.0% fall in adjusted EPS (earnings per share) to $3.72. It missed Wall Street’s expectations in all three quarters of 2017.
As a result of weaker-than-expected results, Casey’s General Stores (CASY) stock has fallen about 2.6% this year.
Casey’s General Stores (CASY) could likely see a YoY (year-over-year) rise of 18.8% in 4Q17 sales, which are predicted to come in at ~$1.9 billion.
Fuel continues to be Casey’s General Stores’ (CASY) largest segment, accounting for around 60.0% of its total sales.
Iowa-based Casey’s General Stores (CASY) is slated to report its fourth-quarter 2017 and fiscal 2017 results on Tuesday, June 6, 2017.
Dollar Tree (DLTR) stock didn’t show much momentum even though the company met top and bottom line expectations.