Casey's General Stores (CASY) Misses Q4 EPS by 9c
Casey's General Stores (NASDAQ: CASY) reported Q4 EPS of $0.76, $0.09 worse than the analyst estimate of $0.85. Revenue for the quarter came in at $1.85 billion versus the consensus estimate of $1.87 billion.
"Despite a challenging operating environment, fiscal 2017 marked the 16th consecutive year of positive same-store sales growth in both the grocery and other merchandise and prepared food and fountain categories," said Terry Handley, President and CEO. "We also recently opened our first store in the state of Ohio, and now have 116 sites under agreement for new store construction. We are optimistic about our growth opportunities."
Fiscal 2018 Guidance - The corporate performance guidance for fiscal 2018 is as follows:
• Increase same-store fuel gallons sold 1.0% to 2.0% with average margin of 18.0 to 20.0 cents per gallon
• Increase same-store grocery and other merchandise sales 2.0% to 4.0% with average margin of 31.0% to 32.0%
• Increase same-store prepared food and fountain sales 5.0% to 7.0% with average margin of 61.5% to 62.5%
• Operating expenses expected to increase 9.0% to 11.0%
• Depreciation and amortization expected to increase 13.0% to 15.0%
For earnings history and earnings-related data on Casey's General Stores (CASY) click here.