8-KRegulation FD

CASEYS GENERAL STORES INC 8-K Report, Regulation FD Disclosure (Jan 14, 2016)

Filed January 14, 2016For Securities:CASY

Summary

Casey's General Stores, Inc. (CASY) reported its December 2015 same-store sales results on January 14, 2016. The company saw robust growth in its core merchandise categories, with prepared food and fountain sales increasing by 7.1% and grocery and other merchandise sales rising by 8.2% year-over-year. These figures indicate strong customer demand for Casey's offerings beyond just fuel. While the company experienced a positive 2.7% increase in same-store fuel gallons sold, the fuel margin for December 2015 fell short of its fiscal year 2016 goal. This point, along with the average fuel price of $1.87 per gallon, are important considerations for investors assessing the profitability drivers of the business. Overall, the report highlights continued strength in comparable store sales for merchandise, partially offset by fuel margin performance.

Key Highlights

  • 1December 2015 same-store sales for prepared food and fountain increased by 7.1% compared to December 2014.
  • 2December 2015 same-store sales for grocery and other merchandise increased by 8.2% compared to December 2014.
  • 3Same-store fuel gallons sold increased by 2.7% in December 2015 compared to December 2014.
  • 4The fuel margin in December 2015 was below the company's fiscal 2016 goal of 16.7 cents per gallon.
  • 5The average retail price of fuel sold in December 2015 was $1.87 per gallon.
  • 6This filing is a Regulation FD Disclosure and is not deemed 'filed' for Section 18 purposes, nor incorporated by reference into registration statements without express stipulation.

Frequently Asked Questions

The key drivers of sales growth were strong performance in prepared food and fountain (up 7.1%) and grocery and other merchandise (up 8.2%) on a same-store basis. This suggests continued customer preference for non-fuel offerings.

Casey's saw an increase in same-store fuel gallons sold (up 2.7%). However, the fuel margin for the month was below the company's fiscal 2016 target of 16.7 cents per gallon, indicating pressure on fuel profitability during that period.

The average retail price of fuel sold in December 2015 was $1.87 per gallon. This provides context for the fuel margin performance and helps investors understand the pricing environment in which Casey's operates.

This filing serves as a Regulation FD Disclosure to disseminate important sales information to all investors simultaneously. The information is furnished, not 'filed' under Section 18 of the Exchange Act, meaning it doesn't carry the same legal liabilities as a formally filed document unless specifically incorporated elsewhere.