Casey's General Stores (CASY) Misses Q4 EPS by 7c, Revenues Miss

Casey's General Stores (NASDAQ: CASY) reported Q4 EPS of $1.49, $0.07 worse than the analyst estimate of $1.56. Revenue for the quarter came in at $3.33 billion versus the consensus estimate of $3.38 billion.

GUIDANCE:

Casey's expects the following performance during fiscal 2024. The Company expects inside same-store sales to increase 3% to 5% and to improve inside margin to approximately 40% to 41%. The Company expects same-store fuel gallons sold to be between negative 1% to positive 1%. Total operating expenses are expected to increase approximately 5% to 7%. The Company expects to add approximately 110 stores in fiscal 2024. Net interest expense is expected to be approximately $55 million. Depreciation and amortization is expected to be approximately $340 million and the purchase of property and equipment is expected to be approximately $500 to $550 million. 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.

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