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- Casey’s General Stores Inc (NASDAQ:CASY) reported fourth-quarter FY22 sales growth of 45.4% year-on-year to $3.46 billion, in line with the consensus of $3.46 billion.
- Inside same-store sales increased 5.2%. Inside gross profit rose 12.1% Y/Y to $409 million.
- Fuel gallons increased 1.5% on a same-store basis. Total fuel gross profit increased 27.2% to $224.6 million.
- Operating expenses rose 15.2% Y/Y to $490.9 million.
- Casey’s held $158.8 million in cash and equivalents as of April 30, 2022.
- Net cash provided by operating activities for the twelve months totaled $788.7 million.
- Adjusted EBITDA of $165.5 million increased 17.8% Y/Y.
- EPS of $1.60 beat the analyst consensus of $1.59.
- The Board of Directors increased the dividend by 9% to $0.38 per share, payable August 15, 2022, to shareholders of record on August 1, 2022.
- The company has $400 million remaining under its existing share repurchase authorization.
- Outlook: Casey’s sees FY23 same-store inside sales increase of 4% - 6%. It expects same-store fuel gallons to be flat – 2% higher.
- Price Action: CASY shares closed lower by 0.52% at $206.25 on Tuesday.
- Photo Via Wikimedia Commons
Crypto Whales Are Loading Up — Are You?
New research shows the biggest crypto buyers are back. And this time? They could hold for the possibility that Bitcoin will surpass $100,000 in 2024. You don’t want to miss the next massive crypto bull run like we saw in 2020 and 2021. To know exactly what’s going on and what to buy… Get Access To Benzinga’s Best Crypto Research and Investments For Only $1.
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