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Jul 31, 2024
Casey's Q1 2025 Earnings Report
Casey's reported a solid first quarter of fiscal year 2025, marked by strong inside gross profit growth and positive same-store fuel gallons.
Key Takeaways
Casey's Q1 2025 results showed an increase in diluted EPS by 7% to $4.83, and a 6% increase in net income to $180 million. Inside same-store sales increased by 2.3%, driven by prepared food and dispensed beverage, while same-store fuel gallons were up 0.7% with a fuel margin of 40.7 cents per gallon.
Diluted EPS increased by 7% year-over-year, reaching $4.83.
Inside same-store sales grew by 2.3%, with strong performance in prepared food and dispensed beverage.
Same-store fuel gallons increased by 0.7%, maintaining a fuel margin of 40.7 cents per gallon.
The company reduced same-store labor hours for the ninth consecutive quarter, improving operational efficiency.
Revenue by Segment
Forward Guidance
The Company is not updating its previously communicated fiscal 2025 outlook until after the closing of the Fikes transaction, with the exception of store growth, which is now expected to be approximately 270 units in fiscal 2025. Under its previously communicated fiscal 2025 outlook, the Company expects EBITDA to increase at least 8%.
Positive Outlook
- EBITDA to increase at least 8%.
- Inside same-store sales to increase 3% to 5%.
- Inside margin comparable to fiscal 2024.
- Same-store fuel gallons sold to be between negative 1% to positive 1%.
- Store growth is now expected to be approximately 270 units in fiscal 2025.
Challenges Ahead
- Total operating expenses are expected to increase approximately 6% to 8%.
- Net interest expense is expected to be approximately $56 million.
- Depreciation and amortization is expected to be approximately $390 million
Revenue & Expenses
Visualization of income flow from segment revenue to net income
Historical Earnings Impact
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Avg. Return Before/After Earnings
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