Casey's General Stores, Inc., together with its subsidiaries, operates convenience stores under the Casey's and Casey’s General Store names announces Third Quarter Results leading to shares rising 2.35% in premarket trading on Wednesday early morning session.
Earning's Highlight:
Diluted EPS of $2.33, flat with the same period a year ago. Net income was $87.1 million, also flat with the prior year, and EBITDA1 was $242.4 million, up 11.4%, from the same period a year ago.
Inside same-store sales increased 3.7% compared to prior year, and 8.0% on a two-year stack basis, with an inside margin of 40.9%. Total inside gross profit increased 14.3% to $573.1 million compared to the prior year.
Same-store fuel gallons were up 1.8% compared to prior year with a fuel margin of 36.4 cents per gallon. Total fuel gross profit increased 17.4% to $302.1 million compared to the prior year.
Same-store operating expenses excluding credit card fees were up 3.2%, favorably impacted by a 2% reduction in same-store labor hours.
Technical Outlook
As of the time of writing, Casey shares (
CASY) are up 2.35% in Wednesday's premarket trading with eyes set on the 38.2% Fibonnaci retracement point, should CASY break above that pivot a move to the 1-month high resistance point is certain. Similarly, in the case of a trend reversal, the 1-month low is holding the levels as support point but with the RSI at 31, a little dip below the 1-month low point would place the shares in an oversold region leading to further sell-out.
Earning's Highlight:
Diluted EPS of $2.33, flat with the same period a year ago. Net income was $87.1 million, also flat with the prior year, and EBITDA1 was $242.4 million, up 11.4%, from the same period a year ago.
Inside same-store sales increased 3.7% compared to prior year, and 8.0% on a two-year stack basis, with an inside margin of 40.9%. Total inside gross profit increased 14.3% to $573.1 million compared to the prior year.
Same-store fuel gallons were up 1.8% compared to prior year with a fuel margin of 36.4 cents per gallon. Total fuel gross profit increased 17.4% to $302.1 million compared to the prior year.
Same-store operating expenses excluding credit card fees were up 3.2%, favorably impacted by a 2% reduction in same-store labor hours.
Technical Outlook
As of the time of writing, Casey shares (
CASY) are up 2.35% in Wednesday's premarket trading with eyes set on the 38.2% Fibonnaci retracement point, should CASY break above that pivot a move to the 1-month high resistance point is certain. Similarly, in the case of a trend reversal, the 1-month low is holding the levels as support point but with the RSI at 31, a little dip below the 1-month low point would place the shares in an oversold region leading to further sell-out. 
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Informacje i publikacje nie stanowią i nie powinny być traktowane jako porady finansowe, inwestycyjne, tradingowe ani jakiekolwiek inne rekomendacje dostarczane lub zatwierdzone przez TradingView. Więcej informacji znajduje się w Warunkach użytkowania.