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Apr 30, 2021
Casey's Q4 2021 Earnings Report
Casey's had a strong finish to the year with record results.
Key Takeaways
Casey's General Stores reported financial results for Q4 2021, with diluted EPS of $1.12. Fuel margin was 33.0 cents per gallon, and fuel same-store gallons sold increased by 6.4%. Inside same-store sales were up 12.8%, and inside margin improved to 39.9%.
Diluted EPS of $1.12 was achieved.
Fuel margin reached 33.0 cents per gallon with same-store gallons sold up 6.4%.
Inside same-store sales increased by 12.8% with improved guest counts.
Inside margin improved by 100 basis points to 39.9% compared to the prior year.
Casey's
Casey's
Casey's Revenue by Segment
Revenue by Segment
Prepared Food & Beverage Revenue
CapyFin.comGrocery & Gen Merchandise Revenue
CapyFin.comFuel Revenue
CapyFin.com Forward Guidance
Casey's expects to build on the momentum of fiscal 2021, however, uncertainty remains regarding the timing of recovery from the COVID-19 pandemic. The Company expects same-store fuel and inside sales to increase by mid-single digit percentages. Total operating expenses are expected to increase by mid-teen percentages, driven primarily by adding approximately 200 units during fiscal 2022, as well as expenses related to adding back operating hours to the stores and expected wage pressures.
Positive Outlook
- Same-store fuel sales are expected to increase by mid-single digit percentages.
- Same-store inside sales are expected to increase by mid-single digit percentages.
- Adding approximately 200 units during fiscal 2022.
- Expecting to add back operating hours to the stores.
- Expecting wage pressures.
Challenges Ahead
- Uncertainty remains regarding the timing of recovery from the COVID-19 pandemic.
- Total operating expenses are expected to increase by mid-teen percentages.
- Depreciation and amortization is expected to be approximately $300 million.
- Interest expense is expected to be approximately $50 million.
- The tax rate is expected to be approximately 26.0%.
Revenue & Expenses
Visualization of income flow from segment revenue to net income