8-K/ARegulation FD

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

Filed April 15, 2011For Securities:CASY

Summary

This filing is an amendment to a previous Form 8-K, correcting the month referenced for same-store sales results from February to March 2011. The primary information conveyed pertains to Casey's General Stores' (CASY) same-store sales performance for March 2011 compared to March 2010. This data is crucial for investors to understand the company's ongoing operational momentum and revenue drivers in its core business segments. The amendment clarifies that the reported sales figures reflect the month of March, not February. The company reported positive same-store sales growth in key categories: prepared food and fountain sales increased by 11.6%, and grocery and other merchandise sales rose by 5.6%. While gasoline gallons sold saw a slight decrease of 0.6%, the gasoline margin exceeded the company's fiscal 2011 goal.

Key Highlights

  • 1Amendment corrects the reporting period for same-store sales from February to March 2011.
  • 2Prepared food and fountain same-store sales increased by a strong 11.6% in March 2011 compared to the prior year.
  • 3Grocery and other merchandise same-store sales showed a healthy increase of 5.6% for March 2011.
  • 4Same-store gasoline gallons sold experienced a minor decrease of 0.6% in March 2011.
  • 5Gasoline margin performance exceeded the company's fiscal 2011 target of 13.5 cents per gallon.
  • 6Average retail gasoline price for March 2011 was $3.41 per gallon.

Frequently Asked Questions

The primary purpose of this 8-K/A filing is to amend a previous Form 8-K filed on April 14, 2011. The amendment corrects an error in the original filing, changing the referenced month for same-store sales results from February to March 2011.

In March 2011, Casey's General Stores reported an 11.6% increase in same-store sales for prepared food and fountain compared to March 2010. This indicates strong consumer demand in this key segment.

For March 2011, Casey's General Stores saw a slight decrease of 0.6% in same-store gasoline gallons sold compared to the previous year. However, the gasoline margin was positive, exceeding the company's fiscal 2011 goal of 13.5 cents per gallon. The average retail price of gasoline was $3.41 per gallon.

No, this filing does not provide new financial guidance or an updated outlook. It is solely an amendment to correct a reporting period in previously disclosed same-store sales results for March 2011.