8-KRegulation FD

CASEYS GENERAL STORES INC 8-K Report, Regulation FD Disclosure (Apr 14, 2011)

Filed April 14, 2011For Securities:CASY

Summary

This 8-K filing from Casey's General Stores, Inc. (CASY) on April 14, 2011, provides an update on the company's same-store sales performance for March 2011 compared to March 2010. The report indicates positive sales growth in key categories, which is important for investors assessing the company's ongoing operational strength and consumer demand. Specifically, prepared food and fountain sales saw a strong increase of 11.6%, and grocery and other merchandise sales grew by 5.6%. While gasoline gallons sold experienced a slight decrease of 0.6%, the gasoline margin remained healthy, exceeding the company's fiscal 2011 goal. This information offers insight into the diverse revenue streams of Casey's and their relative performance.

Key Highlights

  • 1Same-store sales for prepared food and fountain increased by 11.6% in March 2011 compared to March 2010.
  • 2Same-store sales for grocery and other merchandise increased by 5.6% in March 2011 compared to March 2010.
  • 3Same-store gasoline gallons sold decreased by 0.6% in March 2011 compared to March 2010.
  • 4The gasoline margin in March 2011 was above the Company's fiscal 2011 goal of 13.5 cents per gallon.
  • 5The average retail price of gasoline sold in February 2011 was $3.41 per gallon.
  • 6The filing is a Form 8-K, reporting current material information under Regulation FD.
  • 7William J. Walljasper, Senior Vice President and Chief Financial Officer, signed the report.

Frequently Asked Questions

The main purpose of this 8-K filing is to disclose Casey's General Stores' same-store sales results for March 2011, as required by Regulation FD to ensure timely and broad public dissemination of material information.

Casey's reported a strong 11.6% increase in same-store sales for prepared food and fountain for March 2011 compared to the same period in the previous year.

While gasoline gallons sold saw a slight decrease of 0.6%, the gasoline margin was a positive point, exceeding the company's fiscal 2011 goal of 13.5 cents per gallon.

No, the information contained 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 subject to the liabilities of that Section. It also will not be incorporated by reference into other filings unless expressly stated.