8-KRegulation FD

CASEYS GENERAL STORES INC 8-K Report, Regulation FD Disclosure (Mar 16, 2009)

Filed March 16, 2009For Securities:CASY

Summary

Casey's General Stores, Inc. (CASY) filed an 8-K on March 16, 2009, reporting its February 2009 same-store sales results. The filing indicates a slight decrease in same-store sales, influenced by an extra day in February 2008. However, key performance indicators showed resilience, particularly in merchandise and prepared food categories. Investors should note the positive growth in same-store sales for grocery and other merchandise (up 4.5%) and prepared food and fountain (up 6.8%). Furthermore, the company reported strong gasoline margins, exceeding its fiscal 2009 goal, despite a nominal increase in gallons sold. The average gasoline retail price was $1.80 per gallon, reflecting the economic environment at the time.

Key Highlights

  • 1February 2009 same-store sales results reported by Casey's General Stores, Inc.
  • 2Same-store sales saw a slight decrease, partly due to one less day in February 2009 compared to February 2008.
  • 3Same-store gasoline gallons sold increased by 0.1% compared to the prior year.
  • 4Gasoline margin exceeded the company's fiscal 2009 goal of 10.8 cents per gallon.
  • 5Average retail price of gasoline sold in February 2009 was $1.80 per gallon.
  • 6Same-store sales of grocery and other merchandise increased by 4.5%.
  • 7Prepared food and fountain same-store sales increased by 6.8%.

Frequently Asked Questions

Casey's General Stores reported a slight decrease in overall same-store sales for February 2009, which was influenced by having one less day in the month compared to February 2008. However, sales of grocery and other merchandise increased by 4.5%, and prepared food and fountain sales grew by 6.8% on a same-store basis.

In February 2009, same-store gasoline gallons sold saw a modest increase of 0.1%. Importantly, the gasoline margin was above the company's fiscal 2009 target of 10.8 cents per gallon. The average retail price for gasoline was $1.80 per gallon during the month.

The information in this Form 8-K is being furnished under Regulation FD Disclosure and is not deemed 'filed' for purposes of Section 18 of the Securities Exchange Act of 1934. It will not be incorporated by reference into other SEC filings unless expressly stated.