Read How Casey's General Stores Fared In Q4 - Casey's General Stores (NASDAQ:CASY)

Casey’s General Stores Inc 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.
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