Casey’s General Stores ( (CASY) ) has released its Q3 earnings. Here is a breakdown of the information Casey’s General Stores presented to its investors.
Casey’s General Stores, Inc., a prominent convenience store chain in the United States, operates in the retail sector with a focus on providing a wide range of products including groceries, prepared foods, and fuel.
In its latest earnings report for the third quarter ending January 31, 2025, Casey’s General Stores reported stable financial performance with a diluted EPS of $2.33 and a net income of $87.1 million, mirroring the results from the same period last year. The company saw a notable increase in EBITDA by 11.4% to $242.4 million, driven by strong sales growth both inside and outside the store.
Key financial highlights include a 3.7% increase in inside same-store sales, bolstered by the prepared food and dispensed beverage category, and a 17.4% rise in total fuel gross profit. The company also expanded its store count significantly, which contributed to a 20.4% increase in total fuel gallons sold. Operating expenses rose by 18%, primarily due to the addition of 254 new stores and costs associated with the Fikes acquisition.
Looking ahead, Casey’s management remains optimistic, expecting an 11% increase in EBITDA for fiscal year 2025. The company plans to continue its expansion strategy with the addition of approximately 270 stores, while maintaining stable inside sales growth and managing operating expenses effectively.