Casey's General Stores Q1 revenue beats estimates on prepared-food sales, fuel margins
Casey's General Stores Q1 revenue beats estimates on prepared-food sales, fuel margins
Overview
U.S. convenience store chain's Q1 revenue rose yr/yr, beating analyst expectations
Diluted EPS for Q1 increased 28% yr/yr
Company repurchased $45.6 mln of shares during the quarter
Outlook
Casey's expects fiscal 2027 inside same-store sales to rise 2% to 5%
Company sees fiscal 2027 same-store fuel gallons sold between negative 1% and positive 1%
Casey's expects fiscal 2027 EBITDA to increase 8% to 10%
Result Drivers
PREPARED FOOD SALES - Co said prepared food and dispensed beverage same-store sales rose 4.8%, driven by positive traffic and demand for whole pizzas
FUEL MARGINS - Higher total fuel gross profit was due to increased gallons sold and improved fuel margin, despite a modest decrease in same-store gallons sold
INSIDE MARGIN IMPROVEMENT - Inside margin increased to 42.2%, benefiting from favorable mix shift and cost of goods management
Company press release: ID:nBwbXX4Lqa
Key Details
Metric | Beat/Miss | Actual | Consensus Estimate |
Q1 Revenue | Beat | $5.68 bln | $5.58 bln (17 Analysts) |
Q1 EPS |
| $7.37 |
|
Q1 Net Income |
| $273.72 mln |
|
Q1 Inside Same-Store Sales Growth |
| 3.2% |
|
Analyst Coverage
The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 14 "strong buy" or "buy", 7 "hold" and no "sell" or "strong sell"
The average consensus recommendation for the food retail & distribution peer group is "buy"
Wall Street's median 12-month price target for Caseys General Stores Inc is $950.00, about 25.6% above its September 4 closing price of $756.09
The stock recently traded at 34 times the next 12-month earnings vs. a P/E of 38 three months ago
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(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)