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Casey's General Stores (CASY) Misses Q2 EPS by 12c

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December 11, 2017 4:59 PM EST

Casey's General Stores (NASDAQ: CASY) reported Q2 EPS of $1.28, $0.12 worse than the analyst estimate of $1.40. Revenue for the quarter came in at $2.15 billion versus the consensus estimate of $2.16 billion.

Fiscal 2018 Guidance - Based on the softer traffic experienced in the second quarter, the Company is revising its prepared food and fountain same-store sales guidance to 2.0% to 4.0% from 4.0% to 6.0%. There were no other changes to the fiscal 2018 guidance. Below is a summary of the previous and current fiscal 2018 guidance:

Same-store Sales Average Margin
Previous Current Previous Current
Fuel (Gallons and CPG) 1.0 - 2.0% 1.0 - 2.0% 18.0 - 20.0 18.0 - 20.0
Grocery and Other Merchandise 2.0 - 4.0% 2.0 - 4.0% 31.0 - 32.0% 31.0 - 32.0%
Prepared Food and Fountain 4.0 - 6.0% 2.0 - 4.0% 61.5 - 62.5% 61.5 - 62.5%
Previous Current
Operating Expenses 9.0 - 11.0% 9.0 - 11.0%
Depreciation and Amortization 13.0 - 15.0% 13.0 - 15.0%
Build or Acquire 90 - 120 stores 90 - 120 stores
Replacements 30 stores 30 stores
Major Remodels 75 stores 75 stores

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


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