Monday, September 30, 2013

Casey’s General Stores Beat Q1 Estimates with Higher Profits (CASY)

After the bell on Monday, Casey’s General Stores (CASY) announced its fiscal Q1 earnings, posting a strong increase in profits and overall revenues compared to the same time period last year.

The Ankeny, IA-based convenience store company announced quarterly revenues of $2.11 billion, which were up from $1.87 billion in last year’s same quarter. Profits for the company came in at $55.71 million, or $1.43 per share, compared to $39.03 million, or $1.01 per share, in last year’s Q1.

Both of these figures beat analysts’ estimates, which were EPS of $1.26 on revenues of $2.1 billion.

CASY shares were up $1.01, or 1.49%, at market close on Monday. YTD, the stock is up more than 26%.

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