- Casey’s Q4 earnings per share (EPS) were $2.34, significantly higher than last year’s $1.49 and above the estimated $1.72.
- Adjusted EBITDA was $224.5 million, a 35% increase year-over-year (y/y), surpassing the estimate of $190.1 million.
- Revenue reached $3.60 billion, marking an 8.2% y/y growth and beating the estimate of $3.46 billion.
- Fuel revenue was $2.28 billion, up 6.5% y/y, compared to the estimated $2.16 billion.
- Grocery & General Merchandise revenue increased by 11% y/y to $900.5 million, exceeding the estimate of $884.7 million.
- Prepared Food & Dispensed Beverage revenue was $356.9 million, a 14% y/y rise, slightly below the estimate of $358 million.
- Other revenue was slightly down at $66.1 million, -1.2% y/y, not meeting the estimate of $67.2 million.
- Same-store gallons were marginally up by 0.9%, against an estimate of -0.34%.
- Same-store grocery sales rose by 4.3%, beating the estimate of 3.34%.
- Same-store prepared food sales increased by 8.8%, surpassing the estimate of 7.53%.
- Fuel gross profit was $253.6 million, a 15% increase y/y, higher than the estimate of $231 million.
- The company expects inside same-store sales to grow by 3% to 5%, with an inside margin comparable to fiscal 2024.
- The tax rate is projected to be approximately 24% to 26% for the year.
- Shares rose by 3.8% in post-market trading to $339.00, with 3,723 shares traded.
- Analyst ratings include 6 buys, 6 holds, and 0 sells.
Casey’s General Stores on Smartkarma
Analyst coverage of Casey’s General Stores on Smartkarma is gaining traction, with research reports by Baptista Research shedding light on the company’s performance and strategic endeavors. In a report titled “Casey’s General Stores: Will Its Focus On Store Simplification & Efficiency Provide A Strategic Edge? – Major Drivers,” analysts delve into the company’s recent third-quarter results for fiscal 2024. The report highlights both growth and areas of decline within the business, with diluted earnings per share showing a 13% decrease from the previous year.
Furthermore, Baptista Research‘s initiation of coverage report, “Casey’s General Stores: Initiation of Coverage – Exploding Across New Territories – How Their Bold Expansion is Winning the Market! – Major Drivers,” emphasizes the company’s solid performance in the previous quarter and its strong second-quarter results. The report conducts a fundamental analysis of Casey’s General Stores‘ historical financial statements, providing insights into the company’s bold expansion strategies and market positioning.
A look at Casey’s General Stores Smart Scores
| Factor | Score | Magnitude |
|---|---|---|
| Value | 2 | |
| Dividend | 2 | |
| Growth | 4 | |
| Resilience | 3 | |
| Momentum | 5 | |
| OVERALL SMART SCORE | 3.2 |
Smart Score is a compound score for the Company indicating its overall outlook. It is derived by taking an equally weighted average of underlying Factor scores computed by Smartkarma
Casey’s General Stores, Inc., a Midwest convenience store operator, has a strong long-term outlook based on an analysis of its Smart Scores. With a Growth score of 4 and a Momentum score of 5, the company shows promising signs of expansion and market traction. This indicates potential for future earnings growth and positive market performance.
Additionally, Casey’s General Stores demonstrates resilience with a score of 3, suggesting stability in the face of economic uncertainties. While the Value and Dividend scores are moderate at 2 each, the overall outlook remains positive for Casey’s General Stores, reflecting a well-rounded performance across key indicators in the Smartkarma Smart Scores analysis.
Disclaimer: This article by Smartkarma is general in nature and based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. Note that our articles may not factor in the latest price-sensitive company announcements or qualitative material.
While all reasonable care has been taken in the preparation, Smartkarma makes no assurance about the accuracy of any generated data or content. All content is indicative only and should be independently checked for accuracy and confirmed before use. Smartkarma accepts no responsibility for any loss or damage caused as a result of any inaccuracy or error within the Lab online tools or generated data.
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