NASDAQ$CASY

Casey's General Stores Inc · Q1 2025 earnings

Q1 2025 earnings · · Investor relations

Briefing

Casey's reported a solid first quarter of fiscal year 2025, marked by strong inside gross profit growth and positive same-store fuel gallons.

Casey's Q1 2025 results showed an increase in diluted EPS by 7% to $4.83, and a 6% increase in net income to $180 million. Inside same-store sales increased by 2.3%, driven by prepared food and dispensed beverage, while same-store fuel gallons were up 0.7% with a fuel margin of 40.7 cents per gallon.

  • Diluted EPS increased by 7% year-over-year, reaching $4.83.
  • Inside same-store sales grew by 2.3%, with strong performance in prepared food and dispensed beverage.
  • Same-store fuel gallons increased by 0.7%, maintaining a fuel margin of 40.7 cents per gallon.
  • The company reduced same-store labor hours for the ninth consecutive quarter, improving operational efficiency.

Headline financials

Total Revenue

$4.1B

Previous: $3.87B+5.9%
EPS

$4.83

Previous: $4.52+6.9%
Fuel Gallons Sold

772.5M

No prior period
Total Store Count

2.7K

Previous: 2.5K+5.4%
Capital Expenditures

-$101M

Previous: -$68.9M-46.0%
Free Cash Flow

$79.6M

Previous: $100M-20.6%
Net Income

$180M

Previous: $169M+6.5%
Operating Income

$251M

Previous: $234M+7.4%
Gross Profit

$861M

Previous: $795M+8.3%
Cash & Equivalents

$305M

Previous: $439M-30.5%
Total Assets

$6.5B

Previous: $6.06B+7.2%
Stock-Based Comp

$11M

Previous: $10.5M+5.4%

Revenue & EPS history

Casey's · Revenue · Quarterly

$4.1B

Q1 2025+5.9%vs Q1 2024
Beat estimate in 10 of 15 quarters(67%)
ActualEstimate

Revenue by segment

Casey's · $3.99B total across 3 segments · Q2 2024

  • Fuel
    $2.65B+0.4%
  • Grocery & General Merchandise
    $964M+5.2%
  • Prepared Food & Beverage
    $382M+8.9%

Forward guidance

The Company is not updating its previously communicated fiscal 2025 outlook until after the closing of the Fikes transaction, with the exception of store growth, which is now expected to be approximately 270 units in fiscal 2025. Under its previously communicated fiscal 2025 outlook, the Company expects EBITDA to increase at least 8%.

Tailwinds

  • EBITDA to increase at least 8%.
  • Inside same-store sales to increase 3% to 5%.
  • Inside margin comparable to fiscal 2024.
  • Same-store fuel gallons sold to be between negative 1% to positive 1%.
  • Store growth is now expected to be approximately 270 units in fiscal 2025.

Headwinds

  • Total operating expenses are expected to increase approximately 6% to 8%.
  • Net interest expense is expected to be approximately $56 million.
  • Depreciation and amortization is expected to be approximately $390 million
  • Purchase of property and equipment is expected to be approximately $575 million.
  • The tax rate is expected to be approximately 24% to 26% for the year.

Historical earnings impact

How earnings announcements have historically affected this stock's price.

Avg. return before/after earnings

Based on 19 quarterly earnings reports · overlaid with Q1 2025

Historical avgQ1 2025

+0.2%

Avg return

Earnings day

-0.1%

Avg return

5 days after

+1.4%

Avg return

30 days after

51%

35 / 69 earnings

Positive

+20.0%

Q4 2026

Best reaction

-14.1%

Q2 2018

Worst reaction

Earnings price reactions
QuarterReport dateReaction (Day 0)+5 days+30 days
Q4 2026+20.0%+14.6%
Q3 2026+3.8%-0.6%+14.2%
Q2 2026-5.3%-2.9%+5.4%
Q1 2026+3.7%+6.2%+5.9%
Q4 2025+0.0%-1.2%+2.3%
Q3 2025+6.2%+5.5%+20.7%
Q2 2025-1.3%+0.7%-7.4%
Q1 2025+7.3%+3.4%+4.4%
Q4 2024+16.1%+13.3%+14.5%
Q3 2024-2.7%+1.1%+3.4%
Q2 2024+1.7%-0.1%+5.6%
Q1 2024+10.0%+15.3%+12.4%
Q4 2023-4.5%-4.3%+7.0%
Q3 2023+2.9%+0.0%+1.6%
Q2 2023+7.1%+5.4%-5.7%
Q1 2023+2.2%+1.1%-7.0%
Q4 2022-4.5%-7.9%-6.8%
Q3 2022+4.3%-1.9%+17.0%
Q2 2022-7.2%-7.1%-2.4%
Q1 2022-6.5%-7.8%-8.2%
Q4 2021-4.8%-3.6%-10.1%
Q3 2021-3.1%+1.3%+5.8%
Q2 2021-4.9%-6.6%-1.5%
Q1 2021+1.7%+1.2%+5.3%
Q4 2020-4.6%-10.6%-11.6%
Q3 2020-7.4%-5.7%-16.7%
Q2 2020-9.7%-12.5%-7.2%
Q1 2020+0.4%+1.0%-5.1%
Q4 2019+9.3%+13.5%+17.1%
Q3 2019+2.0%-1.2%+0.7%
Q2 2019+6.6%+10.6%+6.7%
Q1 2019+8.5%+9.7%+6.7%
Q4 2018+2.9%+4.6%+13.0%
Q3 2018-1.9%+0.6%-3.6%
Q2 2018-14.1%-14.9%-3.8%
Q1 2018+0.9%+1.6%+4.9%
Q4 2017-8.3%-4.9%-9.8%
Q3 2017-3.6%-4.1%-3.8%
Q2 2017-0.9%-1.0%-5.0%
Q1 2017-9.1%-10.1%-11.2%
Q4 2016-4.2%-4.3%+6.4%
Q3 2016-1.1%
Q2 2016+4.8%
Q1 2016+2.5%
Q4 2015+5.9%
Q3 2015+0.1%
Q2 2015+2.8%
Q1 2015-2.3%
Q4 2014+3.8%
Q3 2014-0.1%
Q2 2014-7.5%
Q1 2014+3.7%
Q4 2013-1.4%
Q3 2013-2.7%
Q2 2013+2.8%
Q1 2013+2.6%
Q4 2012-11.1%
Q3 2012+3.8%
Q2 2012-2.0%
Q1 2012-0.5%
Q4 2009-0.1%
Q4 2011-0.1%
Q3 2010-3.6%
Q3 2011-3.6%
Q2 2010+1.3%
Q2 2011+1.3%
Q1 2010+0.9%
Q1 2011+0.9%
Q4 2010+0.9%

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