8-KRegulation FD

CASEYS GENERAL STORES INC 8-K Report, Regulation FD Disclosure (May 14, 2009)

Filed May 14, 2009For Securities:CASY

Summary

This Form 8-K filing by Casey's General Stores, Inc. (CASY) on May 14, 2009, provides an update on the company's sales performance for April 2009, compared to the same period in the prior year. The report focuses on same-store sales, offering key insights into the performance of its core business segments: gasoline, prepared food and fountain, and grocery and other merchandise. Investors should note the positive trends in same-store sales across all categories. Notably, prepared food and fountain sales saw a robust increase of 8.0%, while grocery and other merchandise sales also grew by 8.7%. The gasoline segment showed a 2.2% increase in gallons sold, with margins meeting the company's fiscal 2009 target. While the merchandise increase was partially influenced by a federal excise tax hike on cigarettes, the overall sales figures suggest resilience and continued customer demand.

Key Highlights

  • 1April 2009 same-store gasoline gallons sold increased by 2.2% compared to April 2008.
  • 2Gasoline margin for April 2009 was in line with the fiscal 2009 goal of 10.8 cents per gallon.
  • 3The average retail price of gasoline sold in April 2009 was $1.93 per gallon.
  • 4Same-store sales for prepared food and fountain increased by 8.0% in April 2009 versus April 2008.
  • 5Same-store sales for grocery and other merchandise increased by 8.7% in April 2009 versus April 2008.
  • 6Approximately 5% of the grocery and other merchandise increase was attributed to cigarette sales, largely due to a federal excise tax increase.

Frequently Asked Questions

Casey's General Stores reported positive same-store sales growth in April 2009. Gasoline gallons sold increased by 2.2%, prepared food and fountain sales rose by 8.0%, and grocery and other merchandise sales grew by 8.7% when compared to April 2008.

The gasoline margin for April 2009 was in line with the company's fiscal 2009 goal, which was set at 10.8 cents per gallon.

The average retail price of gasoline sold during April 2009 was $1.93 per gallon.

No, approximately 5% of the 8.7% increase in grocery and other merchandise sales was related to cigarettes, primarily driven by a federal excise tax increase. This means that while overall sales were strong, a portion of the growth was influenced by external tax policy.