Casey’s General Stores shares dip after missing on Q4 revenue
2023.06.06 19:10
© Reuters.
Investing.com — Casey’s General Stores Inc (NASDAQ:) shares were falling after it reported fourth-quarter results that fell short of expectations.
Shares are down 4.9% in after hours trading and are flat so far this year.
The company, which operates more than 2500 convenience stores across several states, total revenue of $3.33 billion and earnings per share of $1.49.
Analysts expected it to report earnings per share of $1.56 on revenue of $3.38 billion.
Darren Rebelez, president and CEO, said: “As we look to discuss our next strategic plan on June 27th, I am proud of the hard work and dedication of the Casey’s team, and we are well positioned to continue delivering long-term shareholder value.”
The company expects inside same-store sales to increase 3% to 5% and to improve inside margin to approximately 40% to 41%. The company expects same-store fuel gallons sold to be between negative 1% to positive 1%.
