8-KRegulation FD

CASEYS GENERAL STORES INC 8-K Report, Regulation FD Disclosure (Feb 15, 2011)

Filed February 15, 2011For Securities:CASY

Summary

This 8-K filing from Casey's General Stores, Inc. (CASY) dated February 15, 2011, provides an update on its same-store sales results for January 2011. The company reported strong growth in its prepared food and fountain category, with a 12.8% increase, and a healthy 7.1% rise in grocery and other merchandise sales. These figures indicate positive customer engagement and purchasing trends within Casey's core retail offerings. Furthermore, the report highlights a 3.7% increase in same-store gasoline gallons sold. However, it also notes that the gasoline margin for January 2011 was below the company's fiscal year 2011 goal. Investors should consider this information when evaluating the company's overall profitability, as fuel margins can be a significant driver of performance, especially in convenience store operations.

Key Highlights

  • 1January 2011 same-store sales for prepared food and fountain increased by 12.8% year-over-year.
  • 2January 2011 same-store sales for grocery and other merchandise increased by 7.1% year-over-year.
  • 3Same-store gasoline gallons sold increased by 3.7% in January 2011 compared to January 2010.
  • 4The gasoline margin in January 2011 was below the Company's fiscal 2011 goal of 13.5 cents per gallon.
  • 5The average retail price of gasoline sold in January 2011 was $2.99 per gallon.
  • 6The information is provided under Regulation FD and is not deemed 'filed' for purposes of Section 18 of the Exchange Act.

Frequently Asked Questions

Casey's General Stores reported a 12.8% increase in same-store sales for prepared food and fountain, a 7.1% increase in same-store sales for grocery and other merchandise, and a 3.7% increase in same-store gasoline gallons sold for January 2011 compared to the prior year.

The gasoline margin in January 2011 was below the Company's stated fiscal 2011 goal of 13.5 cents per gallon.

The average retail price of gasoline sold during January 2011 was $2.99 per gallon.

No, the information provided in Item 7.01 (Regulation FD Disclosure) is being furnished and is not deemed 'filed' for purposes of Section 18 of the Securities Exchange Act of 1934, nor is it incorporated by reference into other SEC filings unless expressly stated.