Executive Summary

• Casey’s General Stores reported 1Q20 revenue of $2.63 billion, slightly above the consensus estimate of $2.61 billion and up 1.5% from 1Q19.
• Fuel segment revenue was up 2.9% year over year, revenue in grocery increased 6.7% and prepared food 5.3%.
• Casey’s General Stores will build 60 new stores and acquire 25 stores in FY2020.