Casey's General Stores drops after first-quarter results
BUZZ-Casey's General Stores drops after first-quarter results ** Shares of convenience store operator Casey's General Stores CASY.O fall 16% to $616.38 in early trading after co's results on Tuesday
** Posted qtrly revenue of $5.68 billion, helped by resilient demand for prepared foods, beating analysts' estimate of $5.58 billion, as per data compiled by LSEG
** Q1 inside same-store sales rose 3.2% but fell short of consensus expectation of 3.8% increase, which likely weighed on shares as the slowdown was more than expected, says J.P.Morgan analyst Thomas Palmer
** Reaffirms fiscal 2027 outlook, sees FY inside same-store sales increasing 2% to 5%
** Analyst recommendations on the stock include 14 "strong buy" or "buy" ratings and seven "hold" ratings, per LSEG
** As per last close, stock up nearly 33% YTD
(Reporting by Angela Christy
)