8-KEarnings & ResultsRegulation FD

CASEYS GENERAL STORES INC 8-K Report, Financial Results (Jun 15, 2009)

Filed June 15, 2009For Securities:CASY

Summary

This Form 8-K filing by Casey's General Stores, Inc. (CASY) on June 15, 2009, primarily announces the company's financial results for the fourth fiscal quarter and full year ended April 30, 2009. While the full financial details are likely in the referenced press release (Exhibit 99.1a), this filing also provides key operational highlights for May 2009, offering a near-term view of performance. Investors should note the positive trends in same-store sales for May 2009. The company reported increases in gasoline gallons sold, prepared food and fountain sales, and grocery and other merchandise sales compared to the prior year. The gasoline margin also exceeded the company's stated goal, and the average retail price of gasoline was reported. These metrics suggest resilience and growth in key revenue drivers during a period of economic uncertainty.

Key Highlights

  • 1Casey's General Stores announced its financial results for the fourth fiscal quarter and full year ended April 30, 2009.
  • 2May 2009 same-store gasoline gallons sold increased by 3.7% compared to May 2008.
  • 3Gasoline margin in May 2009 was above the Company’s fiscal 2010 goal of 11.0 cents per gallon.
  • 4The average retail price of gasoline sold in May 2009 was $2.19 per gallon.
  • 5Same-store sales for prepared food and fountain increased by 6.5% in May 2009 compared to May 2008.
  • 6Same-store sales for grocery and other merchandise increased by 9.9% in May 2009 compared to May 2008.
  • 7Approximately 6% of the grocery and other merchandise increase was attributed to cigarettes, largely due to a federal excise tax increase.

Frequently Asked Questions

The primary purpose of this 8-K filing is to announce Casey's General Stores' financial results for the fourth fiscal quarter and full year ended April 30, 2009, and to provide an update on May 2009 operational sales metrics.

In May 2009, Casey's reported a 3.7% increase in same-store gasoline gallons sold, a 6.5% increase in same-store prepared food and fountain sales, and a 9.9% increase in same-store grocery and other merchandise sales, all compared to May 2008.

The gasoline margin in May 2009 exceeded the company's fiscal year 2010 goal of 11.0 cents per gallon.

Yes, approximately 6% of the increase in grocery and other merchandise sales was related to cigarettes, primarily driven by a federal excise tax increase.