Latest news with #Casey'sGeneralStores
CNBC
2 hours ago
- Business
- CNBC
Post-COVID inflation was a shock to the system, says Casey's CEO Darren Rebelez
Casey's General Stores Chair, President and CEO Darren Rebelez joins 'Mad Money' host Jim Cramer to talk food offerings, store growth, and more.
CNBC
2 hours ago
- Business
- CNBC
Casey's General Stores CEO on why consumers are focused on value
Casey's General Stores CEO Darren Rebelez told CNBC's Jim Cramer that he thinks consumers across the board have become more value-conscious over the last several years. "Coming out of Covid, when we had some supply chain challenges and inflation took off, I think that was a shock to the system," Rebelez said. "And then you compound that with interest rates going up, it really shook people loose. And so now, even if you have money, people are questioning why they're paying for something that they don't think the value is quite there." Casey's is an Iowa-based convenient store chain that operates primarily in the Midwest and the South. The company posted an earnings and revenue beat Monday night, and the stock surged during Tuesday's session to reach a new 52-week high, finishing the up 11.59%. In addition to fuel and groceries, the chain promotes a variety of pizzas and other food items. According to Rebelez, the pizza is made from scratch and has helped the brand earn a "cult following." He also said Casey's receives "strong ratings on value" from higher-income consumers. Rebelez discussed Casey's expansion plans, citing an acquisition made last fall that allowed the company to open new locations in Texas. Casey's could open thousands of new stores, he said. He added that in its home state of Iowa, which has a population of about $3 million, Casey's already has 550 million locations. "The population of Texas is 30 million people, and we have 170 stores there," Rebelez said. "We have white space for days in, in Texas." Click here to download Jim Cramer's Guide to Investing at no cost to help you build long-term wealth and invest
Yahoo
11 hours ago
- Business
- Yahoo
Casey's General Stores Stock Hits All-Time High on Results, Lifted Dividend
Casey's General Stores exceeded earnings and revenue forecasts on strong in-store and fuel sales. The convenience store operator also raised its dividend by 14%. Shares of Casey's General Stores traded at a record high following the of Casey's General Stores (CASY) traded at an all-time high Tuesday, a day after the operator of convenience stores posted better-than-expected results and raised its dividend on strong in-store and fuel sales. The company reported fiscal 2025 fourth-quarter earnings per share (EPS) of $2.63, beating the average estimate of analysts surveyed by Visible Alpha by $0.67. Revenue grew 11% year-over-year to $3.99 billion, also ahead of forecasts. Inside sales were up 12% to $1.41 billion, "driven by strong performance in bakery and hot and cold food in the prepared food and dispensed beverage category as well as non-alcoholic beverages." Fuel gallons sold jumped 18% to 818.6 million, mostly driven by the addition of new stores. Casey's added 246 locations from the year before, which made up 12% of the 14.5% increase in operating expenses (OpEx). CEO Darren Rebelez said the company had "another record fiscal year as our team continued to execute on our three-year strategic plan." Casey's board also approved an increase in the quarterly dividend to $0.57 per share from the previous $0.50. For fiscal 2026, the company sees EBITDA 10% to 12% higher, with inside same-store sales to rise 2% to 5%. It anticipates same-store fuel gallons sold to range from negative 1% to positive 1%. Casey's General Stores shares soared more than 15% Tuesday morning and have risen nearly 30% this year. Read the original article on Investopedia Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
a day ago
- Business
- Yahoo
Casey's Tops Estimates, Boosts Dividend
Casey's General Stores posted 11% revenue and 12% earnings-per-share growth in the quarter, surpassing Wall Street estimates. The company's results were aided by the acquisition of Fikes Wholesale, but Casey's managed to post inside same-store sales growth despite a tough operating environment. Casey's boosted its quarterly dividend for the 26th consecutive year and provided an initial forecast for growth in its new fiscal year. 10 stocks we like better than Casey's General Stores › Here's our initial take on Casey's General Stores' (NASDAQ: CASY) financial report. Metric Q4 FY24 Q4 FY25 Change vs. Expectations Revenue $3.60 billion $3.99 billion 11% Beat Earnings per share $2.34 $2.63 12% Beat Inside same-store sales +5.6% +1.7% -390 bp n/a Gross margin 41.2% 41.2% n/c n/a Convenience store powerhouse Casey's General Stores capped off a strong fiscal 2025, reporting double-digit quarterly revenue and earnings growth that topped expectations. The company is holding up better than a lot of retailers in a tough environment, with growth being driven by strong results from its bakery and hot sandwich offerings and from nonalcoholic beverages. Inside same-store sales grew by just 1.7% in the quarter, but CEO Darren Rebelez said that the full-year 2.6% growth "outperformed the industry." Casey's is also doing a good job of keeping a handle on costs, reducing same-store labor hours for the 12th consecutive quarter. Overall inside margin held steady year over year, with a slight uptick in grocery margin offset by a slight decrease in prepared food margin. This was a year of growth for Casey's. The company grew its store count from 2,658 to 2,904 over the past year, including about 35 new builds, as well as through its $1.1 billion acquisition of Fikes Wholesale, Casey's largest deal to date. Casey's continues to return more cash to shareholders. The company raised its quarterly dividend by 14% to $0.57 per share, marking the 26th consecutive annual increase. Investors seemed to like what Casey's was serving. The company's stock was up more than 7% immediately following the earnings release but ahead of Tuesday morning's planned call with investors. This is the end of Casey's fiscal year, and the company provided its first outlook for what it expects in the 12 months ahead. Casey's is forecasting that inside same-store sales will grow by 2% to 5% in fiscal 2026 and that EBITDA will grow by 10% to 12%. Casey's expects to continue to grow, forecasting it will open at least 80 stores via a combination of new construction and acquisitions, continuing on its three-year plan to expand by about 500 stores. This is a company that has been able to successfully apply its winning formula to new locations through both organic growth and M&A. It is a tough market for retail right now, but Casey's remains a standout. Full earnings report Investor relations page Before you buy stock in Casey's General Stores, consider this: The Motley Fool Stock Advisor analyst team just identified what they believe are the for investors to buy now… and Casey's General Stores wasn't one of them. The 10 stocks that made the cut could produce monster returns in the coming years. Consider when Netflix made this list on December 17, 2004... if you invested $1,000 at the time of our recommendation, you'd have $669,517!* Or when Nvidia made this list on April 15, 2005... if you invested $1,000 at the time of our recommendation, you'd have $868,615!* Now, it's worth noting Stock Advisor's total average return is 792% — a market-crushing outperformance compared to 173% for the S&P 500. Don't miss out on the latest top 10 list, available when you join . See the 10 stocks » *Stock Advisor returns as of June 9, 2025 Lou Whiteman has no position in any of the stocks mentioned. The Motley Fool recommends Casey's General Stores. The Motley Fool has a disclosure policy. Casey's Tops Estimates, Boosts Dividend was originally published by The Motley Fool Sign in to access your portfolio
Yahoo
02-06-2025
- Business
- Yahoo
Casey's Set to Release Q4 Earnings: Key Insights for Investors
Casey's General Stores, Inc. CASY is likely to register an increase in the top line when it reports fourth-quarter fiscal 2025 earnings results on June 9, after the market closes. The Zacks Consensus Estimate for revenues is pegged at $3,969 million, indicating a 10.3% increase compared with the prior-year earnings per share are expected to have declined year over year. The Zacks Consensus Estimate for fourth-quarter earnings has remained unchanged over the past 30 days. The consensus mark is pinned at $1.93 per share, implying a 17.5% decrease from the prior-year Ankeny, IA-based company delivered a trailing four-quarter earnings surprise of 22.7%, on average. In the last reported quarter, the company's bottom line surpassed the Zacks Consensus Estimate by a margin of 32.4%. (Find the latest EPS estimates and surprises on Zacks Earnings Calendar.) Casey's General Stores, Inc. price-eps-surprise | Casey's General Stores, Inc. Quote Casey's resilient business operating model, bolstered by stellar omnichannel capabilities and expanded customer outreach, along with exclusive private-label offerings, forms a robust foundation in the market. Its strategic focus on technological advancements, diversified product lines and ongoing store expansion initiatives is likely to have supported significant top-line growth. The integration of the Fikes transaction has significantly expanded its store base and operational company continues to benefit from the strength of its in-store offerings, particularly in prepared food and dispensed beverages. Casey's has shown an ability to innovate within this segment through the introduction of new menu items and promotional campaigns that resonate with consumers. Limited-time offerings and continued product quality improvements have helped the brand stand out in a competitive convenience store landscape. We expect revenues from the prepared food and dispensed beverage segment to increase 13.2%.In addition to food innovation, Casey's grocery and general merchandise categories have demonstrated steady performance, particularly in trending items like energy drinks and other non-alcoholic beverages. The company's focus on product mix optimization has positioned it to capture consumer demand shifts effectively. Our model indicates a 12.7% increase in sales for the grocery and general merchandise a result, we expect inside sales to increase 12.8%, with inside same-store sales growing 2.6%. This implies the impact of strong foodservice innovation, expanded private-label offerings and effective promotions. Consistent demand across key categories and growing digital engagement continue to drive both traffic and basket size, supporting in-store growth fourth-quarter earnings are expected to have declined primarily due to the dilutive impact of the Fikes acquisition, which brings higher interest expenses, increased depreciation and amortization and additional integration costs. These financial burdens, combined with the absence of the leap day benefit that positively impacted last year's results and unfavorable weather conditions affecting February sales, are likely to have weighed on profitability. We expect operating expenses to increase 14.9% for the quarter under discussion. Our proven model does not conclusively predict an earnings beat for Casey's this time around. The combination of a positive Earnings ESP and a Zacks Rank #1 (Strong Buy), 2 (Buy) or 3 (Hold) increases the odds of an earnings beat, which is not the case currently has a Zacks Rank #3 and an Earnings ESP of 0.00%. You can uncover the best stocks to buy or sell before they're reported with our Earnings ESP Filter. Here are some companies which, according to our model, have the right combination of elements to post an earnings beat this season:Dollar Tree DLTR currently has an Earnings ESP of +5.49% and a Zacks Rank of 3. You can see the complete list of today's Zacks #1 Rank stocks company is likely to register top and bottom-line declines when it reports first-quarter fiscal 2025 results. The consensus mark for DLTR's quarterly revenues is pegged at $4.5 billion, which indicates a plunge of 40.5% from the figure reported in the prior-year quarter. The Zacks Consensus Estimate for Dollar Tree's quarterly earnings per share is pegged at $1.19, indicating a 16.8% decline from the year-ago period. DLTR delivered a negative trailing four-quarter earnings surprise of 8.4%, on General Corporation DG currently has an Earnings ESP of +2.64% and a Zacks Rank #3. The company is likely to register top-line growth when it reports first-quarter fiscal 2025 results. The Zacks Consensus Estimate for quarterly revenues is pegged at $10.3 billion, which indicates an increase of 3.7% from the figure reported in the prior-year Zacks Consensus Estimate for Dollar General's quarterly earnings per share is pegged at $1.47, indicating a 10.9% decline from the year-ago period. DG delivered a trailing four-quarter earnings surprise of 1.2%, on Inc. JILL currently has an Earnings ESP of +1.71% and a Zacks Rank of 3. The company is likely to register a decline in both top and bottom lines when it reports first-quarter fiscal 2025 numbers. The Zacks Consensus Estimate for quarterly revenues is pegged at $156.7 million, which indicates a decrease of 3% from the prior-year Zacks Consensus Estimate for quarterly earnings per share is pegged at 88 cents, down 27.9% from the year-ago period. JILL delivered a trailing four-quarter earnings surprise of 18.9%, on average. Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report Dollar General Corporation (DG) : Free Stock Analysis Report Dollar Tree, Inc. (DLTR) : Free Stock Analysis Report Casey's General Stores, Inc. (CASY) : Free Stock Analysis Report Inc. (JILL) : Free Stock Analysis Report This article originally published on Zacks Investment Research ( Zacks Investment Research Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
