Casey’s General Stores (CASY) Comps Up Overall for 2010; Food and Fountain Up 2.9%
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Price: $835.74 +0.89%
Overall Analyst Rating:
SELL (= Flat)
Dividend Yield: 0.4%
EPS Growth %: +15.8%
Overall Analyst Rating:
SELL (= Flat)
Dividend Yield: 0.4%
EPS Growth %: +15.8%
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On July 15, 2010, Casey’s General Stores, Inc. (Nasdaq: CASY) reported June 2010 same-store sales results for stores open for one full year. Same-store sales for prepared food and fountain increased 2.9%, and grocery and other merchandise increased 2.1% in June 2010 compared to June 2009.
Same store gasoline gallons sold increased 2.4% in June 2010 compared to June 2009. The gasoline margin was above the Company’s fiscal 2011 goal of 13.5 cents per gallon. The average retail price of gasoline sold during June 2010 was $2.56 per gallon.
Robert Myers, Casey’s President and Chief Executive Officer, commented: “These strong June results demonstrate that Casey’s business is firing on all cylinders. We’re particularly pleased to report both strong gas volume increases and above-goal gas margins for the June period. We also achieved positive inside same store sales growth and a strong customer count despite one of the wettest Junes on record in our marketing regions. These results underscore why Casey’s is widely recognized as the best operator in the industry.”
Same store gasoline gallons sold increased 2.4% in June 2010 compared to June 2009. The gasoline margin was above the Company’s fiscal 2011 goal of 13.5 cents per gallon. The average retail price of gasoline sold during June 2010 was $2.56 per gallon.
Robert Myers, Casey’s President and Chief Executive Officer, commented: “These strong June results demonstrate that Casey’s business is firing on all cylinders. We’re particularly pleased to report both strong gas volume increases and above-goal gas margins for the June period. We also achieved positive inside same store sales growth and a strong customer count despite one of the wettest Junes on record in our marketing regions. These results underscore why Casey’s is widely recognized as the best operator in the industry.”
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