Casey's General Stores reported a strong fourth quarter with diluted earnings per share of $1.67, significantly higher than the previous year's $0.68. The company's performance was boosted by unprecedented fuel margins, although same-store sales were impacted by COVID-19 related traffic declines.
Diluted earnings per share for the fourth quarter was $1.67, compared to $0.68 in the same period last year.
Fuel margin averaged 40.8 cents per gallon, a significant increase from 18.6 cents per gallon in the prior year.
Same-store gallons sold decreased by 14.7% due to shelter-in-place restrictions.
Grocery and other merchandise same-store sales decreased by 2.0%, while prepared food and fountain same-store sales decreased by 13.5%.
Due to the continued uncertainty of COVID-19, guidance for the fiscal year ending April 30, 2021 will not be provided at this time and will be reevaluated as conditions warrant.
Visualization of income flow from segment revenue to net income