8-KRegulation FD

CASEYS GENERAL STORES INC 8-K Report, Regulation FD Disclosure (Oct 15, 2012)

Filed October 15, 2012For Securities:CASY

Summary

Casey's General Stores, Inc. (CASY) filed an 8-K on October 15, 2012, to report its same-store sales results for September 2012. The report indicates a strong performance in the prepared food and fountain category, which saw an 8.4% increase in same-store sales compared to the previous year. This segment continues to be a key growth driver for the company, suggesting successful execution of its in-store offerings strategy. Conversely, same-store sales for grocery and other merchandise experienced a modest increase of 0.3%. While positive, this growth is significantly slower than prepared foods. The company also reported a 2.2% decrease in same-store gasoline gallons sold. Furthermore, the gasoline margin was below the company's fiscal 2013 goal of 14.0 cents per gallon, with the average retail price of gasoline at $3.73 per gallon during the month. Investors should monitor the company's ability to improve gasoline margins and the growth trajectory of its core grocery and merchandise business.

Key Highlights

  • 1Prepared food and fountain same-store sales increased by 8.4% in September 2012 compared to September 2011.
  • 2Grocery and other merchandise same-store sales saw a modest increase of 0.3% in September 2012 versus September 2011.
  • 3Same-store gasoline gallons sold decreased by 2.2% in September 2012 compared to the prior year.
  • 4The gasoline margin for September 2012 was below the company's fiscal 2013 target of 14.0 cents per gallon.
  • 5The average retail price of gasoline sold in September 2012 was $3.73 per gallon.
  • 6This report is a Regulation FD Disclosure and information is furnished, not filed.

Frequently Asked Questions

For September 2012, Casey's reported positive same-store sales growth in prepared food and fountain (up 8.4%) and a slight increase in grocery and other merchandise (up 0.3%). However, same-store gasoline gallons sold decreased by 2.2%, and the gasoline margin was below the company's fiscal 2013 target.

The gasoline business saw a 2.2% decrease in same-store gallons sold. Additionally, the gasoline margin achieved was below the company's fiscal 2013 goal of 14.0 cents per gallon. The average retail price for gasoline was $3.73 per gallon.

The strong 8.4% same-store sales growth in prepared food and fountain highlights this category as a significant growth engine for Casey's. It suggests that customers are responding well to the company's in-store food offerings, which often carry higher margins than gasoline and general merchandise.

No, this information is furnished under Regulation FD Disclosure and is not deemed 'filed' for purposes of Section 18 of the Securities Exchange Act of 1934, nor is it incorporated by reference into other filings, unless specifically stated otherwise.