8-KRegulation FD

CASEYS GENERAL STORES INC 8-K Report, Regulation FD Disclosure (Jul 15, 2013)

Filed July 15, 2013For Securities:CASY

Summary

Casey's General Stores, Inc. (CASY) filed an 8-K on July 15, 2013, to disclose its June 2013 same-store sales results. This filing provides investors with a timely update on the company's performance, particularly in key revenue-generating categories. The results indicate positive growth across prepared food and fountain, as well as grocery and other merchandise, suggesting strong consumer demand for the company's offerings beyond fuel. Furthermore, the report highlights a modest increase in same-store gasoline gallons sold, coupled with a gasoline margin that exceeded the company's fiscal 2014 target. This combination of higher volume and improved margin on gasoline sales is a positive indicator for the company's profitability. Investors should note that this information is furnished under Regulation FD and is not deemed 'filed' for liability purposes under Section 18 of the Exchange Act, nor incorporated by reference into other SEC filings unless specifically stated.

Key Highlights

  • 1June 2013 same-store sales for prepared food and fountain increased by 11.4% year-over-year.
  • 2June 2013 same-store sales for grocery and other merchandise increased by 6.2% year-over-year.
  • 3Same-store gasoline gallons sold saw a 2.9% increase in June 2013 compared to June 2012.
  • 4Gasoline margin in June 2013 surpassed the Company's fiscal 2014 goal of 15.0 cents per gallon.
  • 5The average retail price of gasoline sold in June 2013 was $3.55 per gallon.
  • 6The filing provides a current operational update as of July 15, 2013.

Frequently Asked Questions

The primary purpose of this 8-K filing is to report Casey's General Stores, Inc.'s same-store sales results for the month of June 2013, providing investors with a timely update on key operational metrics.

Casey's prepared food and fountain same-store sales experienced strong growth, increasing by 11.4% in June 2013 compared to June 2012.

Gasoline sales showed a modest increase in volume, with same-store gallons sold up 2.9%. Importantly, the gasoline margin was above the company's fiscal 2014 target of 15.0 cents per gallon, indicating improved profitability on fuel sales.

No, the information in this Item 7.01 is being furnished and is not deemed 'filed' for purposes of Section 18 of the Securities Exchange Act of 1934. This means it generally does not carry the same liability as information that is formally filed with the SEC, unless specifically incorporated by reference into another filing.