https://assets.capyfin.com/instruments/678fdc13234e27009c5d58da.png avatar
Casey's
🇺🇸 NASDAQ:CASY
View Company
OverviewEarningsDividends
•
Apr 30, 2023

Casey's Q4 2023 Earnings Report

Casey's reported fourth-quarter results with EPS of $1.49 and inside same-store sales up 6.5%.

Key Takeaways

Casey's announced its Q4 results, with diluted EPS at $1.49 compared to $1.60 in the prior year. Inside same-store sales increased by 6.5%, while fuel same-store gallons were flat. The company added 81 new stores during the fiscal year, ending with a total of 2,521 stores.

Diluted EPS was $1.49, a decrease from $1.60 in the prior year.

Inside same-store sales increased by 6.5%, with an inside margin of 39.6%.

Fuel same-store gallons remained flat, with a fuel margin of 34.6 cents per gallon.

Casey's increased the quarterly dividend by 13% to $0.43 per share.

Total Revenue
$3.33B
Previous year: $3.46B
-3.8%
EPS
$1.49
Previous year: $1.6
-6.9%
Fuel margin (ex-CC fees)
$34.6
Previous year: $36.2
-4.4%
Fuel gallons sold
635.92M
Previous year: 621.12M
+2.4%
Grocery SSS
7.1%
Previous year: 4.3%
+65.1%
Gross Profit
$688M
Previous year: $657M
+4.7%
Cash and Equivalents
$379M
Previous year: $159M
+138.5%
Free Cash Flow
$70.1M
Previous year: $154M
-54.5%
Total Assets
$5.94B
Previous year: $5.51B
+7.9%

Casey's

Casey's

Casey's Revenue by Segment

Forward Guidance

Casey's expects inside same-store sales to increase 3% to 5% and to improve inside margin to approximately 40% to 41%. The Company expects same-store fuel gallons sold to be between negative 1% to positive 1%. Total operating expenses are expected to increase approximately 5% to 7%. The Company expects to add approximately 110 stores in fiscal 2024. Net interest expense is expected to be approximately $55 million. Depreciation and amortization is expected to be approximately $340 million and the purchase of property and equipment is expected to be approximately $500 to $550 million. The tax rate is expected to be approximately 24% to 26% for the year.

Positive Outlook

  • Inside same-store sales to increase 3% to 5%.
  • Inside margin to improve to approximately 40% to 41%.
  • Same-store fuel gallons sold to be between negative 1% to positive 1%.
  • Expects to add approximately 110 stores in fiscal 2024.
  • Tax rate is expected to be approximately 24% to 26% for the year.

Challenges Ahead

  • Total operating expenses are expected to increase approximately 5% to 7%.
  • Net interest expense is expected to be approximately $55 million.
  • Depreciation and amortization is expected to be approximately $340 million
  • Purchase of property and equipment is expected to be approximately $500 to $550 million.

Revenue & Expenses

Visualization of income flow from segment revenue to net income

Company Overview

Full financial data and analysis

View Casey's