NASDAQ$CASY
Casey's General Stores Inc · Q3 2021 earnings
Q3 2021 earnings · · Investor relations
Briefing
Casey's earnings per share increased by 14% compared to the same period last year.
Casey's reported a diluted EPS increase of 14% compared to the prior year, driven by higher fuel gross profit and decreased interest expense, despite challenges from the COVID-19 pandemic. The company's inside same-store sales increased, and digital sales saw significant growth.
- Diluted EPS increased by 14% to $1.04 compared to $0.91 for the same period last year.
- Fuel gross profit increased 37% with a fuel margin of 32.9 cents per gallon, while fuel same-store gallons sold decreased 12.1%.
- Inside same-store sales increased 2.1% compared to the prior year, with a margin of 39.6%.
- Digital sales increased 95%, and Casey’s Rewards now exceeds 3.3 million members.
Headline financials
Revenue & EPS history
Casey's · Revenue · Quarterly
$2.01B
Revenue by segment
Casey's · $1.99B total across 3 segments · Q3 2021
- Fuel$1.1B—55.3%
- Grocery & General Merchandise$624M+7.2%31.4%
- Prepared Food & Beverage$264M-3.5%13.3%
Forward guidance
Casey's is cooperating with the FTC regarding the Buchanan Energy acquisition and expects to complete the construction of approximately 40 new stores this fiscal year.
Tailwinds
- The Company continues to effectively manage discretionary operating expenses while investing in our team members' and guests' safety.
- Our balance sheet remains strong.
- We are committed to executing our long-term strategic plan.
- Company sold $6.9 million in renewable fuel credits in the third quarter, an increase of $5.2 million from the prior year.
- The Company also expects to complete the construction of approximately 40 new stores this fiscal year.
Headwinds
- Same-store gallons sold were adversely impacted by lower guest traffic due to the COVID-19 pandemic.
- Inside margin was adversely impacted by mix shift, both within and across categories.
- Operating expenses for the third quarter were up primarily due to operating 36 more stores than this time last year, as well as incurring $11 million in COVID-19 related expenses, $10 million in incremental incentive compensation due to strong financial performance of the Company, $3 million in labor costs associated with the major store reset noted above.
- In connection with the previously disclosed pending Buchanan Energy acquisition, Casey's and Buchanan Energy received a Request for Additional Information from the Federal Trade Commission ("FTC").
- There are a number of known and unknown risks, uncertainties, and other factors that may cause our actual results to differ materially from any future results expressed or implied by those forward-looking statements, including but not limited to the timing and integration of the pending Buchanan Energy acquisition, executing our strategic plan, the impact and duration of COVID-19 and related governmental actions
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 Q3 2021
+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
| Quarter | Report date | Reaction (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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