8-KRegulation FD

CASEYS GENERAL STORES INC 8-K Report, Regulation FD Disclosure (May 16, 2011)

Filed May 16, 2011For Securities:CASY

Summary

Casey's General Stores, Inc. (CASY) filed a Form 8-K on May 16, 2011, reporting its April 2011 same-store sales results. The company demonstrated strong performance in its prepared food and fountain category, with a significant 12.3% increase in same-store sales year-over-year. This indicates robust customer demand and effective merchandising strategies in this key segment. In addition to prepared foods, grocery and other merchandise also saw a positive increase of 2.9% in same-store sales. While same-store gasoline gallons sold experienced a slight decrease of 2.2%, the gasoline margin remained healthy, exceeding the company's fiscal 2011 goal of 13.5 cents per gallon. The average gasoline price during the month was $3.68 per gallon. These results provide investors with a timely update on the company's operational performance and sales trends.

Key Highlights

  • 1April 2011 same-store sales results reported for Casey's General Stores.
  • 2Prepared food and fountain same-store sales increased by a strong 12.3% compared to April 2010.
  • 3Grocery and other merchandise same-store sales rose by 2.9% year-over-year.
  • 4Same-store gasoline gallons sold decreased by 2.2% in April 2011.
  • 5Gasoline margin exceeded the fiscal 2011 goal of 13.5 cents per gallon.
  • 6Average retail price of gasoline sold in April 2011 was $3.68 per gallon.
  • 7The filing is made under Regulation FD Disclosure (Item 7.01).

Frequently Asked Questions

The main purpose of this 8-K filing is to provide investors with a timely update on Casey's General Stores' sales performance for April 2011, specifically focusing on same-store sales results for key categories and gasoline.

Casey's General Stores reported a significant increase of 12.3% in same-store sales for its prepared food and fountain category in April 2011, compared to the same period in the previous year.

In April 2011, same-store gasoline gallons sold decreased by 2.2%. However, the gasoline margin was strong, exceeding the company's fiscal 2011 target of 13.5 cents per gallon. The average retail price for gasoline was $3.68 per gallon.

The information contained in this Item 7.01 (Regulation FD Disclosure) is being furnished and shall not be deemed 'filed' for purposes of Section 18 of the Securities Exchange Act of 1934, or otherwise subject to the liabilities of that Section.