FMP

FMP

Casey's General Stores, Inc. (NASDAQ:CASY) Surpasses Earnings Estimates

  • Casey's General Stores, Inc. (NASDAQ:CASY) reported a 12.4% increase in diluted EPS, reaching $2.63 and surpassing the estimated $1.95.
  • The company's net income and EBITDA rose by 13% and 20.1% respectively, indicating strong financial performance.
  • Revenue for the quarter was approximately $3.99 billion, exceeding estimates and showcasing double-digit growth.

Casey's General Stores, Inc. (NASDAQ:CASY), a leading convenience store chain in the United States, is known for its wide range of products including bakery items, hot sandwiches, and nonalcoholic beverages. The company operates over 2,900 stores, having expanded from 2,658 locations in the past year. Casey's competes with other convenience store chains like 7-Eleven and Circle K.

On June 9, 2025, Casey's reported impressive financial results, with earnings per share (EPS) of $2.63, surpassing the estimated $1.95. This represents a 12.4% increase in diluted EPS compared to the previous year. The company's net income rose by 13% to $98.3 million, while EBITDA increased by 20.1% to $263 million, highlighting its strong financial performance.

Casey's revenue for the quarter reached approximately $3.99 billion, exceeding the estimated $3.93 billion. The company achieved double-digit growth in both quarterly revenue and earnings, despite a challenging retail environment. Inside same-store sales increased by 1.7% for the quarter, with full-year growth of 2.6%, outperforming the industry as noted by CEO Darren Rebelez.

The company has effectively managed costs, reducing same-store labor hours for the 12th consecutive quarter. This cost management, along with a stable overall inside margin, contributed to Casey's strong financial results. The grocery margin saw a slight increase, balancing a minor decrease in the prepared food margin.

Casey's financial metrics reflect its market valuation and operational efficiency. The price-to-earnings (P/E) ratio is approximately 30.47, while the price-to-sales ratio is about 1.05. The enterprise value to sales ratio is around 1.22, and the enterprise value to operating cash flow ratio is approximately 18.21. The debt-to-equity ratio is about 0.91, and the current ratio is around 0.92, indicating the company's financial health and ability to cover short-term liabilities.