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Apr 30, 2024
Casey's Q4 2024 Earnings Report
Casey's reported a strong Q4 2024 with increased EPS, net income, and EBITDA compared to the same period last year. Inside and fuel same-store sales also increased, and the company raised its quarterly dividend.
Key Takeaways
Casey's Q4 2024 results showed significant growth in diluted EPS, net income, and EBITDA. Inside same-store sales and fuel same-store gallons increased, contributing to higher gross profit. The company also increased its quarterly dividend.
Diluted EPS increased by 57% to $2.34 compared to the same period last year.
Inside same-store sales were up 5.6% year-over-year, with a margin of 41.2%.
Fuel same-store gallons increased by 0.9% compared to the prior year, with a fuel margin of 36.5 cents per gallon.
The quarterly dividend was raised by 16% to $0.50 per share, marking the 25th consecutive annual increase.
Revenue by Segment
Forward Guidance
Casey's expects EBITDA to increase at least 8% in fiscal 2025. The company anticipates inside same-store sales to increase 3% to 5% and plans to add at least 100 stores.
Positive Outlook
- EBITDA to increase at least 8%.
- Inside same-store sales to increase 3% to 5%.
- Inside margin comparable to fiscal 2024.
- Add at least 100 stores through M&A and new store construction.
- Tax rate expected to be approximately 24% to 26%.
Challenges Ahead
- Same-store fuel gallons sold to be between negative 1% to positive 1%.
- 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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