Casey's General Stores tumbles despite beating on both lines
-14.24% to $629.03 from $733.49
What moved CASY
- Casey’s reported fiscal first-quarter revenue of $5.68 billion and EPS of $7.37, both ahead of analyst estimates of $5.57 billion and $6.72.
- Shares fell about 14-15% as investors focused on decelerating same-store sales, which rose 3.2% year over year versus 4.3% growth a year earlier.
- Same-store fuel gallons sold declined 0.3% year over year, adding to concerns despite the earnings beat.
- Casey’s left its full-year fiscal 2027 guidance unchanged, projecting inside same-store sales growth of 2% to 5% and EBITDA growth of 8% to 10%.
Sources: Benzinga · Seeking Alpha · Tickeron