8-KRegulation FD

CASEYS GENERAL STORES INC 8-K Report, Regulation FD Disclosure (Jan 15, 2008)

Filed January 15, 2008For Securities:CASY

Summary

This Form 8-K filing by Casey's General Stores, Inc. (CASY) on January 15, 2008, provides an update on the company's same-store sales performance for December 2007. While gasoline gallons sold saw a decrease, the gasoline margin remained strong, exceeding the company's fiscal year 2008 goal. Importantly, sales of grocery and other merchandise, as well as prepared food and fountain items, showed positive growth.

Key Highlights

  • 1December 2007 same-store gasoline gallons sold decreased by 5.6% compared to December 2006.
  • 2Gasoline margin for December 2007 was above the Company's fiscal 2008 goal of 10.7 cents per gallon.
  • 3The average retail price of gasoline sold in December 2007 was $2.83 per gallon.
  • 4Same-store sales of grocery and other merchandise increased by 3.1% in December 2007 compared to December 2006.
  • 5Prepared food and fountain same-store sales increased by 6.4% in December 2007 compared to December 2006.
  • 6The filing is made under Regulation FD and is being furnished, not filed, meaning it doesn't carry the same liabilities as a standard filing.

Frequently Asked Questions

The primary purpose of this 8-K filing is to disclose Casey's General Stores, Inc.'s same-store sales results for December 2007, specifically under Regulation FD, to ensure timely and broad public dissemination of material information.

Casey's experienced a 5.6% decrease in same-store gasoline gallons sold in December 2007 compared to the same period in 2006. However, the gasoline margin per gallon was strong, surpassing the company's fiscal 2008 target.

Casey's showed positive trends in its other product categories. Same-store sales for grocery and other merchandise increased by 3.1%, and prepared food and fountain sales saw a more significant increase of 6.4% in December 2007 compared to the prior year.

The distinction means this information is being shared publicly as required by Regulation FD but is not subject to the same legal liabilities as if it were 'filed' under Section 18 of the Securities Exchange Act of 1934. It also means it generally won't be incorporated into future SEC filings automatically.