8-KRegulation FD

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

Filed September 15, 2011For Securities:CASY

Summary

Casey's General Stores, Inc. (CASY) filed an 8-K on September 15, 2011, to report its August 2011 same-store sales results. This filing provides investors with a key operational snapshot, highlighting performance trends in the company's core business segments. The report indicates strong growth in prepared food and fountain sales, which increased by 15.4% compared to August 2010. Additionally, grocery and other merchandise sales saw a positive uptick of 6.1%. However, the company experienced a slight decrease in same-store gasoline gallons sold, down 3.3%. Despite the volume decline, the gasoline margin remained robust, exceeding the fiscal 2012 goal of 13.5 cents per gallon, with an average retail price of $3.51 per gallon during the month.

Key Highlights

  • 1August 2011 same-store sales results reported for stores open at least one full year.
  • 2Prepared food and fountain same-store sales increased by a significant 15.4% in August 2011.
  • 3Grocery and other merchandise same-store sales grew by 6.1% in August 2011.
  • 4Same-store gasoline gallons sold decreased by 3.3% in August 2011.
  • 5Gasoline margin in August 2011 was above the fiscal 2012 goal of 13.5 cents per gallon.
  • 6Average retail gasoline price was $3.51 per gallon in August 2011.
  • 7Information furnished under Regulation FD Disclosure, not deemed "filed" under Section 18.

Frequently Asked Questions

The primary drivers of sales growth appear to be the prepared food and fountain category, which saw a substantial 15.4% increase in same-store sales, and the grocery and other merchandise category, which grew by 6.1%.

While same-store gasoline gallons sold decreased by 3.3%, the gasoline margin was strong, exceeding the company's fiscal 2012 target of 13.5 cents per gallon. The average retail price for gasoline was $3.51 per gallon.

This 8-K filing is made under Item 7.01 (Regulation FD Disclosure) to disseminate material information about the company's operating performance in a timely manner to all investors simultaneously.

No, this filing specifically reports on past operational performance for August 2011 same-store sales and gasoline margins. It does not contain forward-looking guidance or complete financial statements.