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