Market Updates

Casey's General Stores Inc. surged 3.2% to $391.0 after the convenience store operator reported results for the fiscal third quarter of 2025.

Revenue increased to $3.90 billion from $3.33 billion, net income jumped to $87.10 million from $86.93 million a year ago, and diluted earnings per share were flat at $2.33.

Inside same-store sales increased 3.7% compared to the prior year and 8.0% on a two-year stack basis, with an inside margin of 40.9%.

Same-store fuel gallons were up 1.8% from a year ago, with a fuel margin of 36.4 cents per gallon.

Same-store operating expenses excluding credit card fees were up 3.2%, favorably impacted by a 2% reduction in same-store labor hours.

For fiscal 2025, the company expects same-store sales to increase between 3% and 5% with the inside margin to be comparable to the prior year.

The company expects to add approximately 270 stores for the year.

Same-store fuel gallons sold is expected to be between negative 1% and positive 1%.

The company expects total operating expenses to increase between 11% and 13% for the fiscal year, including $25 million to $30 million in one-time deal and integration costs related to the Fikes acquisition, while same-store operating expenses excluding credit card fees are expected to only increase 2% for the year.

Casey’s estimated EBITDA is expected to increase 11%, and the purchase of property and equipment is expected to be approximately $500 million.

The company has approximately $295 million remaining under its existing share repurchase authorization.

Casey's proposed a quarterly dividend of 50 cents per share, payable on May 15 to shareholders on record as of May 1.


12 Mar, 2025

     

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