8-KRegulation FD

CASEYS GENERAL STORES INC 8-K Report, Regulation FD Disclosure (Jan 13, 2011)

Filed January 13, 2011For Securities:CASY

Summary

Casey's General Stores, Inc. (CASY) filed a Form 8-K on January 13, 2011, to report its December 2010 sales performance. The filing highlights strong same-store sales growth across its key categories, indicating positive consumer demand and effective operational execution during the period. This report provides investors with a timely update on the company's sales momentum heading into the latter part of its fiscal year. Key metrics presented include a 10.1% increase in same-store sales for prepared food and fountain and a 7.0% increase for grocery and other merchandise. Additionally, the company saw a 2.8% rise in same-store gasoline gallons sold. The gasoline margin also exceeded the company's fiscal 2011 goal, suggesting favorable pricing and product mix strategies. Overall, the disclosed sales results paint a positive picture of the company's performance during the holiday shopping season.

Key Highlights

  • 1Reported December 2010 same-store sales results for Casey's General Stores, Inc.
  • 2Prepared food and fountain same-store sales increased by 10.1% compared to December 2009.
  • 3Grocery and other merchandise same-store sales increased by 7.0% compared to December 2009.
  • 4Same-store gasoline gallons sold increased by 2.8% in December 2010 compared to December 2009.
  • 5Gasoline margin exceeded the company's fiscal 2011 goal of 13.5 cents per gallon.
  • 6The average retail price of gasoline sold in December 2010 was $2.86 per gallon.
  • 7The information is furnished under Regulation FD and not deemed "filed" for purposes of Section 18 of the Exchange Act.

Frequently Asked Questions

The sales results reported in this 8-K cover the month of December 2010 and are compared against December 2009.

The key drivers of sales growth appear to be strong performance in prepared food and fountain sales, along with increases in grocery and other merchandise sales. Gasoline sales also saw an increase in volume.

The company reported that its gasoline margin in December 2010 was above its fiscal 2011 goal of 13.5 cents per gallon, indicating strong profitability on gasoline sales.

No, the information contained in this Item 7.01 disclosure is furnished under Regulation FD 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. It will not be incorporated by reference into other SEC filings unless expressly stated.