Casey's General Stores (CASY) Tops Q3 EPS by 27c

Casey's General Stores (NASDAQ: CASY) reported Q3 EPS of $1.71, $0.27 better than the analyst estimate of $1.44. Revenue for the quarter came in at $3.05 billion versus the consensus estimate of $3.01 billion.

Fiscal 2022 Outlook:
The Company is reiterating its fiscal 2022 outlook, previously disclosed in the second quarter. The Company expects same-store fuel and inside sales to increase by mid-single digit percentages for the fiscal year. Total operating expenses for the year are expected to increase high-teen percentages. For the fourth quarter, operating expenses are expected to increase 11-13%. The Company expects to add approximately 225 units during fiscal 2022. Interest expense is expected to be approximately $55 million. Depreciation and amortization is expected to be approximately $310 million and the purchase of property and equipment is expected to be approximately $400 million. The tax rate is expected to be approximately 24.0% - 26.0% for the year.

For earnings history and earnings-related data on Casey's General Stores (CASY) click here.

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