8-KRegulation FD

CASEYS GENERAL STORES INC 8-K Report, Regulation FD Disclosure (Aug 13, 2009)

Filed August 13, 2009For Securities:CASY

Summary

Casey's General Stores, Inc. (CASY) filed a Form 8-K on August 13, 2009, to report its same-store sales results for July 2009. The filing indicates positive performance across key categories, which is important for investors to assess the company's operational strength and revenue trends. The report highlights a 2.5% increase in same-store gasoline gallons sold compared to the prior year, with a gasoline margin exceeding the company's fiscal 2010 goal. Furthermore, prepared food and fountain sales saw a robust 6.9% increase, and grocery and other merchandise sales grew by 4.3%. While the merchandise increase was partially influenced by a federal excise tax hike on cigarettes, the overall trends suggest healthy consumer demand for Casey's offerings.

Key Highlights

  • 1July 2009 same-store gasoline gallons sold increased by 2.5% year-over-year.
  • 2Gasoline margin in July 2009 surpassed Casey's fiscal 2010 target of 11.0 cents per gallon.
  • 3The average retail price of gasoline sold in July 2009 was $2.35 per gallon.
  • 4Same-store sales for prepared food and fountain increased by 6.9% in July 2009 compared to July 2008.
  • 5Same-store sales for grocery and other merchandise grew by 4.3% in July 2009 compared to July 2008.
  • 6Approximately 5% of the grocery and merchandise increase was attributed to a federal excise tax increase on cigarettes.

Frequently Asked Questions

Casey's General Stores reported a 2.5% increase in same-store gasoline gallons sold, a 6.9% increase in same-store prepared food and fountain sales, and a 4.3% increase in same-store grocery and other merchandise sales for July 2009, compared to July 2008.

The gasoline margin in July 2009 was above the company's fiscal 2010 goal of 11.0 cents per gallon, indicating strong profitability in their fuel segment.

The average retail price of gasoline sold in July 2009 was $2.35 per gallon.

The increase in grocery and other merchandise sales was partly due to a federal excise tax increase on cigarettes, which accounted for approximately 5% of the reported growth in this category.