Summary
Casey's General Stores, Inc. (CASY) filed a Form 8-K on March 15, 2012, reporting its February 2012 same-store sales results. The filing indicates strong performance in key categories, with prepared food and fountain sales increasing by a notable 23.7% and grocery and other merchandise sales up by 10.6% when compared to the prior year. These figures reflect continued positive customer engagement with Casey's core offerings beyond fuel. While the company saw a healthy 7.2% increase in same-store gasoline gallons sold, it's important for investors to note that the gasoline margin for February 2012 fell below the company's fiscal year 2012 target of 13.5 cents per gallon. The average retail price of gasoline during the month was $3.36 per gallon. The report also clarifies that the extra day in February 2012 contributed approximately 3.5% to the reported same-store sales figures.
Key Highlights
- 1Prepared food and fountain same-store sales increased by 23.7% in February 2012 compared to February 2011.
- 2Grocery and other merchandise same-store sales increased by 10.6% in February 2012 compared to February 2011.
- 3Same-store gasoline gallons sold increased by 7.2% in February 2012 compared to February 2011.
- 4Gasoline margin in February 2012 was below the company's fiscal 2012 goal of 13.5 cents per gallon.
- 5The average retail price of gasoline sold in February 2012 was $3.36 per gallon.
- 6The extra day in February 2012 added approximately 3.5% to the reported same-store sales results.