Casey's General Stores Bid Higher on Q4 EPS Beat

Shares of Casey's General Stores

are bid higher in the after-hours trade following the release of its Q4 earnings results. Currently, shares are bid $41.20, at $41.70; they closed the regular session higher by 1.33%, at $41.03. Casey's General Stores reported Q4 EPS of $0.60 on revenues of $1.55 billion; the Street was looking for $0.51 per share on revenues of $1.57 billion. Revenues increased 31.3% year over year. "We are pleased with our ability to drive double digit gross profit increases across all of our major categories during the fourth quarter," stated President and CEO Robert J. Myers. "Despite the challenges impacting our industry, we are optimistic about our ability to continue to drive shareholder value next fiscal year." Casey's General Stores, Inc. operates convenience stores under the name Casey's General Store, HandiMart and Just Diesel in nine Midwestern states, primarily Iowa, Missouri and Illinois. The stores carry a selection of food (including freshly prepared foods, such as pizza, donuts, and sandwiches), beverages, tobacco products, health and beauty aids, automotive products and other nonfood items.