Summary
Casey's General Stores, Inc. (CASY) filed an 8-K on March 15, 2011, reporting its same-store sales results for February 2011. The report indicates robust growth in key merchandise categories, which should be viewed positively by investors as it suggests strong customer demand for their offerings beyond just fuel. While gasoline gallons sold saw a slight decrease, the company's performance on gasoline margins exceeded its fiscal 2011 goal, providing a positive offset. Overall, the filing provides an early look at sales trends for the period, highlighting the company's ability to drive sales in its prepared food and fountain, as well as its grocery and other merchandise segments.
Key Highlights
- 1Reported February 2011 same-store sales results.
- 2Prepared food and fountain same-store sales increased by 11.5% compared to February 2010.
- 3Grocery and other merchandise same-store sales increased by 6.8% compared to February 2010.
- 4Same-store gasoline gallons sold decreased by 2.7% compared to February 2010.
- 5Gasoline margin was above the Company's fiscal 2011 goal of 13.5 cents per gallon.
- 6The average retail price of gasoline sold in February 2011 was $3.09 per gallon.
Frequently Asked Questions
This Form 8-K filing is primarily for Regulation FD disclosure, providing investors with current information on Casey's General Stores' same-store sales results for February 2011.
Casey's General Stores reported an 11.5% increase in same-store sales for prepared food and fountain in February 2011, compared to the same period in the previous year.
Same-store gasoline gallons sold decreased by 2.7% in February 2011. However, the gasoline margin was favorable, exceeding the company's fiscal 2011 goal of 13.5 cents per gallon.
The information in this filing is furnished under Regulation FD and is intended to provide timely updates. While these are reported results, future financial statements will provide the audited and finalized figures.