Latest news with #CaseysGeneralStores
Yahoo
18 hours ago
- Business
- Yahoo
Casey's General Stores Inc (CASY) Q4 2025 Earnings Call Highlights: Record Profits and ...
Diluted Earnings Per Share: $14.64, a 9% increase from the prior year. Net Income: $547 million, a record figure. EBITDA: $1.2 billion, an increase of 13% from the prior year. Total Inside Sales Growth: 10.9% for the fiscal year. Inside Same Store Sales Growth: 2.6% or 7.1% on a two-year stack basis. Prepared Food and Dispensed Beverage Sales Growth: 10.3% total, with same store sales up 3.5% or 10.5% on a two-year stack basis. Grocery and General Merchandise Sales Growth: 11.2% total, with same store sales up 2.3% or 5.8% on a two-year stack basis. Inside Margin: Expanded 50 basis points to 41.5% year over year. Fuel Gross Profit: Up 11%, with total fuel gallons sold up 13% and a fuel margin averaging $0.387 per gallon. Same Store Operating Expenses: Excluding credit card fees, up 1.7% for the year. Store Growth: 35 new builds and 235 units acquired, including 198 CEFCO convenience stores from the Fikes Wholesale acquisition. Free Cash Flow: $585 million for the fiscal year. Return on Invested Capital: 11.5%, down 60 basis points due to the Fikes acquisition. Dividend Increase: 14% increase to $0.57 per share, marking the 26th consecutive year of dividend growth. Warning! GuruFocus has detected 5 Warning Signs with GBGPF. Release Date: June 10, 2025 For the complete transcript of the earnings call, please refer to the full earnings call transcript. Casey's General Stores Inc (NASDAQ:CASY) achieved a record year for diluted earnings per share, reaching $14.64, a 9% increase from the prior year. The company reported a record $547 million in net income and $1.2 billion in EBITDA, marking a 13% increase from the previous year. Fiscal 2025 was the largest store growth year in the company's history, with 35 new builds and 235 units acquired, including the significant Fikes Wholesale acquisition. Total inside sales grew by 10.9%, with prepared food and dispensed beverage sales increasing by 10.3%, and grocery and general merchandise sales rising by 11.2%. Fuel gross profit increased by 11%, with total fuel gallons sold up 13% and a fuel margin averaging $0.387 per gallon over the year. The integration of the Fikes acquisition presents challenges, with some synergies, particularly in procurement and kitchen installations, not expected to be realized until after fiscal 2026. Same store operating expenses, excluding credit card fees, increased by 1.7%, with insurance expenses contributing to the rise. Net interest expense rose to $27.9 million, primarily due to financing associated with the Fikes transaction. The effective tax rate increased to 23% from 22.4% in the prior year, due to a slight decrease in favorable permanent differences. The company faces a $0.02 per gallon headwind due to the CEFCO stores, impacting overall fuel margins. Q: Fuel margins came in better than expected despite the CEFCO headwind. Can you discuss progress on synergies and expectations for fiscal '26? A: Darren Rebelez, CEO: Our team managed the fuel pricing environment well, capturing more margin due to fluctuations in wholesale costs. Progress in upstream fuel procurement also contributed to stronger margins. We expect the $0.02 CEFCO headwind to persist throughout fiscal '26. Q: Can you unpack the 41% combined inside margins for grocery and prepared foods? A: Steve Bramlage, CFO: The Fikes acquisition will put downward pressure on margins, especially in prepared foods due to their lack of pizza business. However, product mix enhancements and strong performance in categories like non-alcoholic beverages and nicotine alternatives are offsetting this pressure. Q: What is the outlook for same-store sales in fiscal '26, and can you elaborate on the wings test? A: Darren Rebelez, CEO: We are comfortable with the 2% to 5% range, factoring in some conservatism due to global uncertainties. The wings test in 225 stores is showing encouraging results, with strong guest feedback, but it's still in the testing phase. Q: How is the illicit vape market impacting your sales, and what are you doing about it? A: Darren Rebelez, CEO: The illicit vape market is impacting the vape category, leading to declines. We are working with tobacco manufacturers to increase enforcement. However, nicotine alternatives, especially pouches, are growing, with a 54% increase in sales due to merchandising efforts. Q: Can you discuss the pace of kitchen installations at acquired CEFCO stores and the supply contract timeline? A: Darren Rebelez, CEO: We haven't built in any kitchen conversions for this fiscal year due to permitting timelines. The existing supply contract with CEFCO stores ends in 2026, and we are working with the incumbent supplier on this agreement. For the complete transcript of the earnings call, please refer to the full earnings call transcript. This article first appeared on GuruFocus. Sign in to access your portfolio
Forbes
a day ago
- Business
- Forbes
Casey's Bucks The Gloom As Sales, Stores And Stock Fuel Growth
In sharp contrast with a lot of the gloom enveloping much of the retail sector, Iowa-based Casey's General Stores ended its fiscal year on a high, with fourth-quarter earnings that it would be fair to say took a hammer to analyst expectations. The convenience store chain, which through new site development and acquisitions is rapidly approaching 3,000 stores across 19 states, also saw historic expansion during the year, opening or acquiring 270 stores. That included last year's acquisition of Texas-headquarterd Fikes Wholesale and its portfolio of 198 CEFCO convenience stores. Casey's has built its business on targeting small town America, which is where the bulk of its business remains, while making acquisitions to expand its national reach. One of the biggest deals came in July last year, when the convenience store chain agreed to acquire Fikes Wholesale in a cash transaction for $1.145 billion. That purchase price included tax benefits valued at approximately $165 million representing a net purchase price after tax of $980 million. Casey's acquisition of Fikes, which is based in Temple, Texas included 198 stores and a dealer network distributed as 148 stores in the lone star state as well as 50 stores in Alabama, Florida and Mississippi. In addition to the stores and dealer locations, the purchase included a fuel terminal to support gas supply to the Texas stores. In its full year posting, Casey's said that it expects to open at least 80 stores in fiscal 2026 through a mix of acquisitions and new store development, bringing its three-year target strategy for growth to approximately 500 stores. As of fiscal year-end April 30, the company operated a total of 2,904 stores. Casey's posted net income of $98.3 million, equating to $2.63 a share, for the quarter ended April 30, up from $87 million, or $2.34 a share, in the year-prior quarter, and was way ahead of analyst expectations of $1.94 per share. Revenue rose 11% to $3.99 billion, again ahead of estimates of circa $3.93 billion. Same-store sales excluding gas sales [Casey's dubs this inside sales] rose 1.7%, fuelled the company said by strong performance in bakery and hot and cold food in the prepared food and dispensed beverage category, plus non-alcoholic beverages in the grocery and general merchandise category. Prepared foods helped Casey's General Store sales. getty Casey's offers self-service fuel, a wide selection of grocery items and an array of freshly prepared food items including made-from-scratch pizzas, donuts, and sandwiches. It operates from three company distribution centers, enabling an approximate delivery of 70% of in-store products as well as 60% of fuel. The first store opened in 1968 in Boone, Iowa and in the years following the company expanded by opening stores in other small towns across Iowa. Approximately two-thirds of Casey's stores are still located in areas with populations of 20,000 or fewer. Casey's has a strong balance sheet and owns nearly all of its assets and the latest positive results saw the retailer's stock value shoot up over 10% and in the year to date its share price is ahead nearly a quarter 'Casey's delivered another record fiscal year as our team continued to execute on our three-year strategic plan, reaching $546.5 million of net income and $1.2 billion in EBITDA," Casey's President and CEO Darren Rebele said. 'Inside same-store sales outperformed the industry, up 2.6%, or 7.1% on a two-year stack basis, led by strong performance in hot sandwiches and bakery as well as alcoholic and non-alcoholic beverages. The operations team performed exceptionally well during the year, driving strong performance, integrating the most new units in Casey's history, while reducing same-store labor hours for the 12th consecutive quarter,' he added. For fiscal 2026, Casey's forecast that inside same-store sales would rise between 2% and 5% and it anticipated EBITDA will grow by between 10% and 12%.
Washington Post
2 days ago
- Business
- Washington Post
Casey's: Fiscal Q4 Earnings Snapshot
ANKENY, Iowa — ANKENY, Iowa — Casey's General Stores Inc. (CASY) on Monday reported fiscal fourth-quarter net income of $98.3 million. The Ankeny, Iowa-based company said it had net income of $2.63 per share. The results surpassed Wall Street expectations. The average estimate of six analysts surveyed by Zacks Investment Research was for earnings of $1.93 per share.
Forbes
6 days ago
- Business
- Forbes
Can Casey's Deliver In Its Next Earnings Report?
POLAND - 2025/01/13: In this photo illustration, the Casey`s General Stores company logo is seen ... More displayed on a smartphone screen. (Photo Illustration by Piotr Swat/SOPA Images/LightRocket via Getty Images) Casey's General Stores (NASDAQ: CASY), a gas station and convenience store chain, is set to announce its fiscal fourth-quarter earnings (April year) on Monday, June 9, 2025, with analysts expecting earnings of $1.95 per share on $3.95 billion in revenue. This would reflect a 17% decrease in earnings year-over-year and a 10% rise in sales compared to the previous year's figures of $2.35 per share and $3.60 billion in revenue. Historically, the CASY stock has dipped 65% of the time after earnings announcements, with a median one-day decline of 2.9% and a maximum drop of 7%. During the third quarter, Casey's reported an 11% year-over-year rise in EBITDA and anticipated similar growth for the entire year. While net income remained unchanged, it would have increased by 15%, excluding one-off expenses from the $1.1 billion acquisition of Fikes Wholesale and its 198 stores. This performance underscores Casey's robust profitability amid the integration of one of its largest acquisitions ever. The company holds a market capitalization of $17 billion. Over the last twelve months, revenue reached $16 billion, and it was operationally profitable with $768 million in operating profits and a net income of $535 million. For event-driven traders, historical trends may provide an advantage, whether by positioning ahead of earnings or reacting to movements after the announcement. If you're looking for an upside with less volatility than that of individual stocks, the Trefis High Quality portfolio offers an alternative, having outperformed the S&P 500 and delivered returns over 91% since its inception. See earnings reaction history of all stocks. Here are some insights regarding one-day (1D) post-earnings returns: Further data for observed 5-Day (5D) and 21-Day (21D) returns post earnings are summarized along with the statistics in the table below. CASY 1D, 5D, and 21D Post Earnings Return A relatively low-risk strategy (though ineffective if the correlation is weak) is to understand the correlation between short-term and medium-term returns following earnings, identify a pair with the highest correlation, and execute the appropriate trade. For instance, if 1D and 5D exhibit the strongest correlation, a trader can position themselves 'long' for the next 5 days if the 1D post-earnings return is positive. Below is some correlation data based on a 5-year and 3-year (more recent) history. Note that the correlation 1D_5D pertains to the relationship between 1D post-earnings returns and the subsequent 5D returns. CASY Correlation Between 1D, 5D and 21D Historical Returns Discover more about the Trefis RV strategy that has outperformed its all-cap stocks benchmark (a combination of all 3: the S&P 500, S&P mid-cap, and Russell 2000), delivering strong returns for investors.
Yahoo
21-05-2025
- Business
- Yahoo
Cracker Barrel Elects Steve Bramlage to Board of Directors
LEBANON, Tenn., May 21, 2025 /PRNewswire/ -- Cracker Barrel Old Country Store, Inc. (Nasdaq: CBRL) today announced that Steve Bramlage, 54, has been elected to the company's Board of Directors, effective immediately. Mr. Bramlage is the current Chief Financial Officer of Casey's General Stores, Inc. (Nasdaq: CASY), a major convenience retailer, with more than 47,000 employees in approximately 2,900 stores in 19 states. He joined Casey's in 2020 and oversees all aspects of financial, fuel, strategic planning, M&A and data & analytics operations for the company. Prior to joining Casey's, Mr. Bramlage served as CFO of Aramark and Owens-Illinois, Inc. (the predecessor to O-I Glass, Inc.), and held a variety of financial roles at PPG Industries, Eli-Lilly and EY. Bramlage holds a Master of Business Administration from Northwestern University and a Bachelor of Science from the University of Dayton. Commenting on Mr. Bramlage's appointment, Carl Berquist, Chairman of Cracker Barrel's Board of Directors, said, "As part of our robust Board succession planning process, we are excited to bring even more retail industry knowledge, financial expertise, and executive leadership experience to our Board. We are confident that Steve has the skills and experience to continue our strategic transformation momentum, and we look forward to working with Steve to deliver value to Cracker Barrel shareholders." About Cracker Barrel Old Country Store®Cracker Barrel Old Country Store, Inc. is on a mission to bring craveable, delicious homestyle food and unique retail products to all guests while serving up memorable, distinctive experiences that make everyone feel welcome. Established in 1969 in Lebanon, Tenn., Cracker Barrel and its affiliates operate 660 company-owned Cracker Barrel Old Country Store® locations in 43 states and own the fast-casual Maple Street Biscuit Company. For more information about the company, visit Media Contact:Heidi 235-4315 Investor Contact:Adam (615) 235-4367 View original content to download multimedia: SOURCE Cracker Barrel Old Country Store, Inc. 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
