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Jan 31, 2020
Casey's Q3 2020 Earnings Report
Casey's experienced a challenging demand environment in the fuel category but executed on core elements of their long-term plan.
Key Takeaways
Casey's General Stores reported diluted earnings per share of $0.91 for the third quarter, compared to $1.13 per share a year ago. The results were impacted by lower fuel margin and higher operating expenses. Total revenue in the quarter was up slightly to $2.2 billion.
Same-store gallons sold were down 2% in the quarter.
Total sales in grocery and other merchandise category were up 7.1% to $582.4 million.
Same-store sales in the prepared food and fountain category increased 2.8% for the quarter.
Total operating expenses increased 10.5% to $377.3 million.
Casey's
Casey's
Casey's Revenue by Segment
Revenue by Segment
Prepared Food & Beverage Revenue
CapyFin.comGrocery & Gen Merchandise Revenue
CapyFin.com Forward Guidance
Casey's is focused on making progress on current initiatives and executing its long-term strategic plan to enhance capabilities and accelerate unit growth.
Positive Outlook
- Strategic plan is designed to maintain strong growth in EBITDA.
- Plan aims to drive return on invested capital.
- Belief in a well-balanced plan.
- Expectation of continuing long-term track record of driving shareholder value.
- Looking forward to updating on results as they progress through the next 3 years.