8-KRegulation FD

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

Filed November 15, 2011For Securities:CASY

Summary

Casey's General Stores, Inc. (CASY) filed an 8-K on November 15, 2011, to disclose its October 2011 same-store sales results. This filing provides investors with a timely snapshot of the company's performance in key sales categories compared to the prior year. The report indicates positive same-store sales growth in prepared food and fountain, which increased by 11.3%, and in grocery and other merchandise, which rose by 4.5%. This suggests continued customer demand for Casey's in-store offerings. However, same-store gasoline gallons sold saw a modest decline of 3.2%, which is a point to monitor, although the gasoline margin remained healthy and above the company's fiscal 2012 goal.

Key Highlights

  • 1October 2011 same-store sales for prepared food and fountain increased by 11.3% year-over-year.
  • 2October 2011 same-store sales for grocery and other merchandise increased by 4.5% year-over-year.
  • 3Same-store gasoline gallons sold decreased by 3.2% in October 2011 compared to October 2010.
  • 4Gasoline margin in October 2011 was above the company's fiscal 2012 goal of 13.5 cents per gallon.
  • 5The average retail price of gasoline sold in October 2011 was $3.29 per gallon.
  • 6The filing serves as a Regulation FD disclosure, providing material information to all investors simultaneously.

Frequently Asked Questions

This Form 8-K is filed by Casey's General Stores, Inc. to disclose its same-store sales results for October 2011, providing investors with timely information on the company's performance.

Casey's General Stores reported an 11.3% increase in same-store sales for prepared food and fountain for October 2011, compared to October 2010.

Same-store gasoline gallons sold decreased by 3.2% in October 2011 compared to the prior year. However, the gasoline margin was above the company's fiscal 2012 goal of 13.5 cents per gallon.

No, 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, nor incorporated by reference into other filings, unless expressly stated otherwise.