Casey's issues business update: Q3 trends at lower end of annual guidance ranges; $15M legal settlement reduces expenses

CASEYS GENERAL STORES INC

Same-store inside sales in Q3 to date in lower half of annual 5-7% increase guidance range.
Same-store fuel gallons near low end of annual flat to 2% increase guidance.
Fuel margins (cpg) in Q3 to date similar to reported Q2 fuel margins.
Operating expense growth ex. $15M one-time legal settlement expected near low end of 9-10% annual range.
The $15M legal settlement payment was not included in prior operating expense guidance for Q3 or FY.

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