Casey's General Stores Inc
Casey’s Stock Surges after Strong Fiscal Q1 Results
Casey’s General Stores (CASY) stock soared yesterday after the company reported better-than-expected fiscal Q1 2019 results.
Why Casey’s Is Drifting into the Red Today
The Tennessee-based Casey’s General Stores’ (CASY) stock is deep into the red this morning after the company’s top and bottom lines missed expectations.
Company & Industry Overviews
A Look at the Consumer Sector’s Earnings
The Illinois-based beauty retailer Ulta Beauty (ULTA) plans to announce its 4Q17 earnings results on March 15.
Casey’s Prepared Food Segment Continued to Fall
The Prepared Food and Fountain segment accounted for 12% of Casey’s (CASY) 2Q18 sales. It recorded a 5.5% YoY increase during the quarter.
Casey’s Met Grocery Comps and Margins Target in 2Q18
The Grocery and Merchandise segment is Casey’s (CASY) second-largest revenue segment. It accounted for 27% of the company’s 2Q18 sales.
What Drove Casey’s Gasoline Gross Profit Higher in 2Q18?
Casey’s recorded an impressive 17% YoY increase in total fuel sales during the quarter. Same-store gallons sold rose 1.9% and met the annual goal.
Casey’s Didn’t Meet Its 2Q18 Top-Line Expectations
Casey’s total sales rose 12% YoY (year-over-year) to $2.15 billion. However, it missed consensus expectations of a 13.5% rise in sales to $2.18 billion.
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.
Analyzing Casey’s Business Segments before Its 2Q18 Results
Since the Fuel segment is Casey’s largest segment, its performance defines the company’s overall performance in any given quarter.
Casey’s Top Line before Its 2Q18 Results
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.
Analysts’ Ratings Didn’t Change after Casey’s 1Q18 Results
Casey’s General Stores’ (CASY) stock price rose 1.6% and closed at $106.49 on September 6. The company delivered an earnings beat with its 1Q18 results.
Casey’s Beat Its 1Q18 Earnings after 4 Consecutive Misses
Casey’s General Stores (CASY), which reported its 1Q18 results on September 5, posted a 14% YoY fall in its EPS (earnings per share) to $1.46.
Casey’s Prepared Food Segment’s Comps Were Soft
The Prepared Food and Fountain segment, which accounted for 13% of Casey’s 1Q18 sales, recorded a 7.4% YoY increase in its sales during the quarter.
Casey’s Didn’t Meet Analysts’ Top-Line Expectations
Casey’s missed Wall Street analysts’ expectations by $60 million due to a softer-than-expected performance from the Prepared Food and Fountain segment.
Casey’s Earnings to Fall Once Again in 1Q18
Casey’s earnings to fall by 28% in 4Q17 Casey’s General Stores (CASY), which will be reporting its first-quarter results on September 6, is projected to post a 15% YoY (year-over-year) fall in earnings to $1.45 per share. The company’s earnings have fallen for the last three consecutive quarters, and have missed Wall Street’s expectations for […]
How Casey’s Top Line Looks Ahead of Its 1Q18 Results
Casey’s sales to expand 9% during 1Q18 As discussed, Casey’s General Stores (CASY) will be reporting its 1Q18 results on September 6, 2017. The company’s top line is projected to grow 9.5% year-over-year (or YoY) to $2.2 billion in the first quarter. During fiscal 2017, the company’s total sales rose 5.4% YoY to $7.5 billion. […]
A Look at Casey’s General Store’s Fiscal 2018 Guidance
CASY’s fiscal 4Q17 operating expenses increased 11.4% to $292.6 million, primarily due to a rise in wages and payroll taxes.
Casey’s General Stores Stock Falls 8.5% after Weak Fiscal 4Q17 Results
Casey’s General Stores (CASY) is currently trading at a one-year forward price-to-earnings ratio of 22.7 versus its three-year average of 21x.
Casey’s Prepared Food Category Falls Short of Annual Goals in Fiscal 2017
For fiscal 2017, CASY’s same-store sales grew 4.8% while total sales expanded 8.3% to $953.4 million.
Casey’s Grocery Sales Comps Pressured throughout Fiscal 2017
Casey’s General Stores’ (CASY) fiscal 4Q17 average margin for the Grocery and Merchandise segment stood at 31.1%, down 100 basis points from fiscal 4Q16.