8-KRegulation FD

CASEYS GENERAL STORES INC 8-K Report, Regulation FD Disclosure (Oct 15, 2009)

Filed October 15, 2009For Securities:CASY

Summary

Casey's General Stores, Inc. (CASY) filed an 8-K on October 15, 2009, reporting its September 2009 same-store sales results. The filing indicates a modest increase in gasoline gallons sold, up 1.7% year-over-year, and importantly, that the gasoline margin exceeded the company's fiscal year 2010 goal of 11.0 cents per gallon. This suggests effective pricing strategies or favorable market conditions for fuel sales during the reporting period. Furthermore, the company experienced robust growth in its non-fuel categories. Prepared food and fountain sales saw a healthy increase of 6.4%, while grocery and other merchandise sales rose by 5.9%. The merchandise increase was partially attributed to a federal excise tax hike on cigarettes. These figures point to continued strength in Casey's core convenience store offerings, indicating positive customer traffic and spending in these key areas.

Key Highlights

  • 1September 2009 same-store gasoline gallons sold increased by 1.7% compared to September 2008.
  • 2Gasoline margin in September 2009 exceeded the company's fiscal 2010 goal of 11.0 cents per gallon.
  • 3The average retail price of gasoline sold in September 2009 was $2.34 per gallon.
  • 4Same-store sales for prepared food and fountain increased by 6.4% in September 2009.
  • 5Same-store sales for grocery and other merchandise increased by 5.9% in September 2009.
  • 6Approximately 4.5% of the grocery and other merchandise increase was related to cigarettes, primarily due to a federal excise tax increase.

Frequently Asked Questions

In September 2009, Casey's General Stores reported a 1.7% increase in same-store gasoline gallons sold. They also saw strong growth in prepared food and fountain sales (up 6.4%) and grocery and other merchandise sales (up 5.9%).

The company's gasoline margin in September 2009 was a positive highlight, exceeding their fiscal year 2010 target of 11.0 cents per gallon.

While overall grocery and other merchandise sales increased by 5.9%, a portion of this growth (approximately 4.5%) was attributed to a federal excise tax increase on cigarettes.

No, the information in this Form 8-K is being furnished and is not deemed 'filed' for purposes of Section 18 of the Securities Exchange Act of 1934, nor is it subject to the liabilities of that section, unless expressly incorporated by reference into a registration statement or other filing.