Casey's General Stores (CASY) Tops Q1 EPS by 66c

Casey's General Stores (NASDAQ: CASY) reported Q1 EPS of $4.09, $0.66 better than the analyst estimate of $3.43. Revenue for the quarter came in at $4.45 billion versus the consensus estimate of $4.48 billion.

Fiscal 2023 Outlook:
The Company's fiscal 2023 outlook previously disclosed remains unchanged. The Company expects same-store inside sales to increase 4% to 6% and maintain an inside margin of approximately 40%. The Company expects same-store fuel gallons to be flat to 2% higher. Total operating expenses are expected to increase approximately 9% to 10%. The Company expects to add approximately 80 stores in fiscal 2023, and expects to exceed our stated three year commitment of 345 units. Interest expense is expected to be approximately $55 million. Depreciation and amortization is expected to be approximately $320 million and the purchase of property plant and equipment is expected to be approximately $450 to $500 million, including approximately $135 million in one-time store remodel costs for recently acquired stores. The tax rate is expected to be approximately 24% to 26% for the year.

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

You May Also Be Interested In

• Procter & Gamble (PG) Tops Q3 EPS by 11c, Revenues Miss
• Southern First Bancshares, Inc. (SFST) Misses Q1 EPS by 8c
• Huntington Bancshares (HBAN) Tops Q1 EPS by 4c