Summary
Casey's General Stores, Inc. (CASY) reported its May 2015 same-store sales results via an 8-K filing on June 15, 2015. The company experienced robust growth in its prepared food and fountain category, with a 9.9% increase in same-store sales compared to the prior year. This strong performance in a high-margin category is a positive indicator for the company's profitability. Additionally, grocery and other merchandise same-store sales also saw a healthy increase of 5.2%.
Key Highlights
- 1May 2015 prepared food and fountain same-store sales increased by 9.9% year-over-year.
- 2May 2015 grocery and other merchandise same-store sales increased by 5.2% year-over-year.
- 3May 2015 same-store fuel gallons sold increased by 0.9% year-over-year.
- 4Fuel margin in May 2015 was below the company's fiscal 2016 goal of 16.7 cents per gallon.
- 5The average retail price of fuel sold in May 2015 was $2.50 per gallon.
- 6The information provided is for disclosure purposes under Regulation FD and is not deemed 'filed' under Section 18 of the Securities Exchange Act of 1934.
Frequently Asked Questions
The primary drivers were strong growth in prepared food and fountain sales (up 9.9%) and a solid increase in grocery and other merchandise sales (up 5.2%).
Same-store fuel gallons sold saw a slight increase of 0.9%. However, the fuel margin was below the company's fiscal 2016 target of 16.7 cents per gallon.
This note indicates that the information is being provided to the public simultaneously to avoid selective disclosure and is not considered officially 'filed' with the SEC for the purpose of liability under Section 18 of the Securities Exchange Act of 1934. While important for investors to be aware of, it doesn't carry the same legal weight as a formal filing.
The average retail price of fuel sold in May 2015 was $2.50 per gallon.