NASDAQ$CASY
Casey's General Stores Inc · Q4 2022 earnings
Q4 2022 earnings · · Investor relations
Briefing
Casey's reported a strong Q4 2022 with increased EPS and same-store sales growth.
Casey's General Stores announced record fiscal year results, driven by strong inside sales, fuel volume, and strategic acquisitions. Q4 2022 saw a 43% increase in diluted EPS, positive same-store sales growth in both inside and fuel categories, and expansion of the store network.
- Diluted EPS increased by 43% to $1.60 compared to the same period last year.
- Inside same-store sales grew by 5.2%, with a margin of 39.4%.
- Fuel same-store gallons sold increased by 1.5%, with a fuel margin of 36.2 cents per gallon.
- The company increased the quarterly dividend by 9% to $0.38 per share, marking the 23rd consecutive annual increase.
Headline financials
Revenue & EPS history
Casey's · Revenue · Quarterly
$3.46B
Revenue by segment
Casey's · $3.38B total across 3 segments · Q4 2022
- Fuel$2.34B+62.2%69.3%
- Grocery & General Merchandise$744M+14.5%22.0%
- Prepared Food & Beverage$293M+11.3%8.7%
Forward guidance
Casey's expects same-store inside sales to increase 4% to 6% and maintain an inside margin of approximately 40%. The company anticipates same-store fuel gallons to be flat to 2% higher. Total operating expenses are expected to increase approximately 9% to 10%. Casey's expects to add approximately 80 stores in fiscal 2023.
Tailwinds
- Same-store inside sales to increase 4% to 6%.
- Maintain an inside margin of approximately 40%.
- Same-store fuel gallons to be flat to 2% higher.
- Add approximately 80 stores in fiscal 2023.
- Exceed stated three-year commitment of 345 units.
Headwinds
- Total operating expenses are expected to increase approximately 9% to 10%.
- Interest expense is expected to be approximately $55 million.
- Depreciation and amortization is expected to be approximately $320 million.
- Purchase of property plant and equipment is expected to be approximately $450 to $500 million, including approximately $135 million in one-time store remodel costs for recently acquired stores.
- 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 Q4 2022
+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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