Casey’s Stock Has Been Part of the Recent Retail Rally
While there wasn’t any positive news for Casey’s, the ongoing strength in food retail stocks probably drove Casey’s stock price higher.
Casey’s General Stores will be reporting its 2Q18 results on December 12, 2017. It’s projected to post a 2.8% fall in its EPS (earnings per share) to $1.40.
Since the Fuel segment is Casey’s largest segment, its performance defines the company’s overall performance in any given quarter.
Casey’s General Stores (CASY) will be reporting its 2Q18 results on December 12, 2017. Its top line is expected to grow 13.5% YoY to $2.18 billion.
Casey’s General Stores will report its 2Q18 results on December 12, 2017. Wall Street predicts a 3% YoY fall in Casey’s 2Q18 earnings to $1.40 per share.
After a challenging 2017, retail food stocks had a great November and a good start to December. Kroger (KR), for instance, gained 25% in November and another 2.1% up to December 6.
Amazon (AMZN) announced its acquisition of premium organic food retailer Whole Foods Market in mid-June. The deal shook the US food retail sector on fears that Amazon might end up disrupting the grocery business.
After a mostly stressful and challenging 2017, the last two months of the year seem to be a breath of fresh air for food retailers.
Kroger stock gained ~13.6% on November 30, before finally settling at a 6% gain at the day’s close.
Kroger recently announced its Restock Kroger initiative, which focuses on planned capital investments, cost savings, and free cash flow.
Kroger’s (KR) fiscal 3Q18 EPS (earnings per share) improved 7.3% YoY (year-over-year), compared with the analyst expectation of a 2.4% YoY decline.
Kroger (KR) posted a 4.5% YoY (year-over-year) improvement in its fiscal 3Q18 top line when it reported results on November 30, 2017.
Kroger’s EPS (earnings per share) improved 7.3% YoY (year-over-year) to $0.44, beating the consensus expectation by $0.04.
Dollar General (DG) is currently trading at a one-year forward price-to-earnings ratio of 18.1x, operating close to the upper end of its 52-week PE (price-to-earnings) range of 14.5x to 18.3x.
Dollar General (DG) is projected to increase total sales by 9% YoY to $5.8 billion during the third quarter of 2017.
Dollar General (DG), North America’s leading discount variety store operator, is expected to report third quarter results on December 7.
Dollar General’s (DG) consistent financial performance and its ability to survive competition is evident in its stock market performance this year.
Kroger (KR) is currently trading at a one-year forward PE (price-to-earnings) ratio of 11.7x, at the lower end of its 52-week PE range of 10x–16.8x. It is also trading below…
Kroger (KR), which is expected to report its 3Q18 results on November 30, is likely to post a 3.4% rise in total sales. Its top line has grown consistently over the last…
As mentioned previously, Kroger’s (KR) top line has grown over the last 15 quarters, despite rising competition and other headwinds. However, its profitability has taken a hit in the last…