earnings
confidence high
sentiment neutral
materiality 0.70
Casey's Q3 EPS falls 13% to $2.33; inside same-store sales rise 4.1%
CASEYS GENERAL STORES INC
2024-Q3 EPS reported
$11.09
revenue$11,262,898,000
- Net income $86.9M ($2.33 diluted EPS), down 13% YoY; adjusted EBITDA $217.6M, down 2%.
- Inside same-store sales +4.1%, with prepared food & dispensed beverage +7.5%; inside margin 41.3% (+70 bps).
- Same-store fuel gallons -0.4%; fuel margin 37.3¢/gal; total fuel gross profit -2.0%.
- Board declares $0.43/share dividend payable May 15, 2024; $310M remaining in share buyback authorization.
- FY2024 outlook reaffirmed: inside same-store sales +3.5-5%, EBITDA growth 8-10%, at least 150 store additions.