8-KRegulation FD

CASEYS GENERAL STORES INC 8-K Report, Regulation FD Disclosure (Dec 15, 2010)

Filed December 15, 2010For Securities:CASY

Summary

Casey's General Stores, Inc. (CASY) filed an 8-K on December 15, 2010, to report its November 2010 same-store sales results. This filing provides investors with a snapshot of the company's operational performance for the period, specifically highlighting sales trends in key categories. The data indicates positive momentum in both the prepared food and fountain segment, and the grocery and other merchandise segment, suggesting healthy consumer demand for the company's offerings beyond fuel. Furthermore, the report details positive performance in gasoline sales volume and margin. The increase in same-store gasoline gallons sold, coupled with a gasoline margin exceeding the company's fiscal 2011 goal, signals effective pricing strategies and strong fuel demand. This positive sales environment across its core business segments provides valuable insight into Casey's operational health and its ability to drive comparable store growth.

Key Highlights

  • 1November 2010 same-store sales for prepared food and fountain increased by 8.9% compared to November 2009.
  • 2November 2010 same-store sales for grocery and other merchandise increased by 4.4% compared to November 2009.
  • 3Same-store gasoline gallons sold increased by 4.2% in November 2010 compared to November 2009.
  • 4Gasoline margin in November 2010 exceeded Casey's fiscal 2011 goal of 13.5 cents per gallon.
  • 5The average retail price of gasoline sold in November 2010 was $2.72 per gallon.
  • 6The information was disclosed under Regulation FD and is furnished, not filed.

Frequently Asked Questions

The primary purpose of this 8-K filing is to disclose Casey's General Stores' same-store sales results for November 2010, providing investors with timely information on the company's operational performance.

Both the prepared food and fountain segment (8.9% increase) and the grocery and other merchandise segment (4.4% increase) showed positive same-store sales growth in November 2010 compared to the prior year.

Same-store gasoline gallons sold increased by 4.2%, and the gasoline margin was above the company's fiscal 2011 target of 13.5 cents per gallon. The average retail price for gasoline was $2.72 per gallon.

This information is provided under Regulation FD for disclosure purposes and is considered 'furnished,' not 'filed.' Therefore, it is not incorporated by reference into the company's registration statements or other filings under the Securities Act or Exchange Act unless explicitly stated.