8-KEarnings & ResultsLeadership ChangesRegulation FD+1

CASEYS GENERAL STORES INC 8-K Report, Financial Results (Jun 12, 2012)

Filed June 12, 2012For Securities:CASY

Summary

Casey's General Stores, Inc. filed an 8-K on June 12, 2012, primarily to announce its financial results for the fourth fiscal quarter and full fiscal year ended April 30, 2012. The filing also included details on executive compensation arrangements for the upcoming fiscal year and a positive update on May 2012 same-store sales performance. Investors can find detailed financial results in the press release attached as an exhibit, and information regarding compensation is also provided separately.

Key Highlights

  • 1Announcement of Q4 and Full Fiscal Year 2012 Financial Results as of April 30, 2012.
  • 2Disclosure of executive officer and Vice President salary and bonus arrangements for Fiscal Year 2013, approved on June 8, 2012.
  • 3Reported May 2012 same-store sales growth of 11.9% for prepared food and fountain categories.
  • 4Reported May 2012 same-store sales growth of 6.9% for grocery and other merchandise categories.
  • 5Reported May 2012 same-store gasoline gallons sold increased by 3.0%.
  • 6May 2012 gasoline margin was in line with the fiscal 2013 goal of 14 cents per gallon.
  • 7Average retail gasoline price in May 2012 was $3.46 per gallon.

Frequently Asked Questions

This 8-K filing announces the financial results for Casey's General Stores' fourth fiscal quarter and full fiscal year ended April 30, 2012. Detailed figures are available in the attached press release (Exhibit 99.1).

Casey's reported positive same-store sales growth for May 2012 compared to May 2011. Prepared food and fountain sales increased by 11.9%, grocery and other merchandise sales rose by 6.9%, and gasoline gallons sold were up 3.0%.

The gasoline margin in May 2012 was 14 cents per gallon, which was in line with the company's fiscal 2013 goal. The average retail price of gasoline sold during that month was $3.46 per gallon.

Yes, the filing indicates that on June 8, 2012, the Board of Directors approved salary and bonus arrangements for executive officers and Vice Presidents for the fiscal year ending April 30, 2013. Further details are provided in Exhibit 99.2.