Latest news with #CaseysGeneralStores
Forbes
3 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
Yahoo
10-05-2025
- Business
- Yahoo
Casey's General Stores, Inc. (CASY): A Bull Case Theory
We came across a bullish thesis on Casey's General Stores, Inc. (CASY) on Substack by Two Natural Capital. In this article, we will summarize the bulls' thesis on CASY. Casey's General Stores, Inc. (CASY)'s share was trading at $465.96 as of May 7th. CASY's trailing and forward P/E were 32.47 and 29.50 respectively according to Yahoo Finance. A truck parked at a gas station, its fuel tank being filled from a pump. Casey's General Stores represents a compelling and unconventional growth story within the convenience retail and foodservice landscape, particularly due to its dominance in rural America. Operating in a traditionally uninspiring business—gas stations reliant on declining tobacco and fuel sales—Casey's has defied the odds by leaning heavily into high-margin food offerings. Its strategy to focus on low-competition regions, with 72% of stores in towns under 20,000 people, has positioned it to not only survive but thrive by offering made-from-scratch pizza and a robust bakery lineup. This food-first approach, dating back to at least 1984, has helped transform Casey's into the fifth-largest pizza chain in the U.S. by number of kitchens, and its food program is now central to the company's identity and economics. Not only does this offering improve unit economics in low-traffic areas, but it also attracts customer loyalty, sometimes turning Casey's into a dinner destination rather than just a gas stop. The management transition in 2019, bringing in leadership with backgrounds at IHOP and 7-Eleven, has injected fresh strategy and operational discipline. Under CEO Darren Rebelez, Casey's launched a three-year strategic plan focused on expanding store count, modernizing food offerings, and boosting operational efficiency, including reducing employee hours. Menu experimentation, like the introduction of thin crust pizza and chicken wings, aims to capture greater wallet share while avoiding food margin cannibalization—a risk that so far hasn't materialized. The company's growth-by-acquisition strategy has rapidly accelerated, adding 154 stores in FY24, most via M&A, capped by its largest acquisition ever: Fikes Wholesale (CEFCO), with 198 locations, many in Texas. This acquisition not only pushes Casey's into new geographies but also offers synergy potential as 125 of the CEFCO stores already have kitchens ready for pizza rollouts and margin improvement. Despite these strengths, skeptics question whether Casey's acquisitive streak may be overreaching. However, the company's manageable leverage (~2x EBITDA), long growth runway (it is a fraction the size of Couche-Tard or 7-Eleven), and embedded operational advantage in fresh food make that fear seem overstated. In fact, Casey's rural legacy has become a competitive strength as it enters denser markets where competitors like Murphy USA don't offer prepared food. Casey's unique combination of fuel, convenience, and compelling food gives it a durable edge that's difficult for other chains to replicate quickly, making it one of the more differentiated retail growth stories in the market today. Casey's General Stores, Inc. (CASY) is not on our list of the 30 Most Popular Stocks Among Hedge Funds. As per our database, 38 hedge fund portfolios held CASY at the end of the fourth quarter which was 34 in the previous quarter. While we acknowledge the risk and potential of CASY as an investment, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns, and doing so within a shorter timeframe. If you are looking for an AI stock that is more promising than CASY but that trades at less than 5 times its earnings, check out our report about the cheapest AI stock. READ NEXT: 8 Best Wide Moat Stocks to Buy Now and 30 Most Important AI Stocks According to BlackRock. Disclosure: None. This article was originally published at Insider Monkey. 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
10-05-2025
- Business
- Yahoo
Casey's General Stores, Inc. (CASY): A Bull Case Theory
We came across a bullish thesis on Casey's General Stores, Inc. (CASY) on Substack by Two Natural Capital. In this article, we will summarize the bulls' thesis on CASY. Casey's General Stores, Inc. (CASY)'s share was trading at $465.96 as of May 7th. CASY's trailing and forward P/E were 32.47 and 29.50 respectively according to Yahoo Finance. A truck parked at a gas station, its fuel tank being filled from a pump. Casey's General Stores represents a compelling and unconventional growth story within the convenience retail and foodservice landscape, particularly due to its dominance in rural America. Operating in a traditionally uninspiring business—gas stations reliant on declining tobacco and fuel sales—Casey's has defied the odds by leaning heavily into high-margin food offerings. Its strategy to focus on low-competition regions, with 72% of stores in towns under 20,000 people, has positioned it to not only survive but thrive by offering made-from-scratch pizza and a robust bakery lineup. This food-first approach, dating back to at least 1984, has helped transform Casey's into the fifth-largest pizza chain in the U.S. by number of kitchens, and its food program is now central to the company's identity and economics. Not only does this offering improve unit economics in low-traffic areas, but it also attracts customer loyalty, sometimes turning Casey's into a dinner destination rather than just a gas stop. The management transition in 2019, bringing in leadership with backgrounds at IHOP and 7-Eleven, has injected fresh strategy and operational discipline. Under CEO Darren Rebelez, Casey's launched a three-year strategic plan focused on expanding store count, modernizing food offerings, and boosting operational efficiency, including reducing employee hours. Menu experimentation, like the introduction of thin crust pizza and chicken wings, aims to capture greater wallet share while avoiding food margin cannibalization—a risk that so far hasn't materialized. The company's growth-by-acquisition strategy has rapidly accelerated, adding 154 stores in FY24, most via M&A, capped by its largest acquisition ever: Fikes Wholesale (CEFCO), with 198 locations, many in Texas. This acquisition not only pushes Casey's into new geographies but also offers synergy potential as 125 of the CEFCO stores already have kitchens ready for pizza rollouts and margin improvement. Despite these strengths, skeptics question whether Casey's acquisitive streak may be overreaching. However, the company's manageable leverage (~2x EBITDA), long growth runway (it is a fraction the size of Couche-Tard or 7-Eleven), and embedded operational advantage in fresh food make that fear seem overstated. In fact, Casey's rural legacy has become a competitive strength as it enters denser markets where competitors like Murphy USA don't offer prepared food. Casey's unique combination of fuel, convenience, and compelling food gives it a durable edge that's difficult for other chains to replicate quickly, making it one of the more differentiated retail growth stories in the market today. Casey's General Stores, Inc. (CASY) is not on our list of the 30 Most Popular Stocks Among Hedge Funds. As per our database, 38 hedge fund portfolios held CASY at the end of the fourth quarter which was 34 in the previous quarter. While we acknowledge the risk and potential of CASY as an investment, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns, and doing so within a shorter timeframe. If you are looking for an AI stock that is more promising than CASY but that trades at less than 5 times its earnings, check out our report about the cheapest AI stock. READ NEXT: 8 Best Wide Moat Stocks to Buy Now and 30 Most Important AI Stocks According to BlackRock. Disclosure: None. This article was originally published at Insider Monkey. 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
