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Fiscal 4Q17: Casey’s General Stores Misses on Earnings, Revenues

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Snapshot

Iowa-based Casey’s General Stores (CASY) reported its results for fiscal 4Q17 and fiscal 2017 after the market closed on June 5, 2017. The results relate to the three-month period ended April 30, 2017.

The retailer fell short of Wall Street expectations on its top and bottom lines. Its adjusted diluted earnings per share (or EPS) stood at $0.76, missing the consensus by $0.09. Its total revenues increased 16.6% YoY (year-over-year) to ~$1.9 billion, $29 million below analysts’ expectations. The company has missed these expectations in all four quarters of fiscal 2017.

Casey’s General Stores (CASY) stock fell 8.4% to close at $106.66 on June 6. The company is now sitting at a YTD (year-to-date) loss of 10.3%. 

CASY’s convenience store peers CST Brands (CST) and Murphy USA have gained 0.4% and 10.2%, respectively, YTD. 

CASY’s supermarket peer Kroger (KR) is down 13.6% while retail giant Walmart (WMT) has gained more than 14% year-to-date.

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About Casey’s General Stores

Casey’s General Stores (CASY) sells fuel and grocery items and prepared foods through its 1,950 convenience stores in 15 Midwestern states. Its stores are mostly located in small towns and areas with low population density.

Casey’s General Stores is included in the SPDR S&P Retail ETF (XRT), which invests around 1% of its holdings in the company.

Series overview

This series is an overview of Casey’s General Stores’ (CASY) fiscal 4Q17 and fiscal 2017 results. In this series, we’ll discuss the company’s recent financial performance, current valuation, stock market performance, and analyst recommendations.

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