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Company Earning Updates

Casey’s General Stores (NASDAQ: CASY) 3Q19 Results: Revenue Below Consensus, Prepared Food and Grocery Fuel Growth

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Coresight Research

Key Points

  • Casey’s General Stores reported 3Q19 revenue of $2.0 billion, slightly below the consensus estimate of $2.2 billion and down 0.3% from 3Q18.
  • Fuel segment revenue fell 4.9% year over year, while revenue in grocery and prepared food increased by 8.2% and 6.5%, respectively.
  • Casey’s General Stores will build 55-60 new stores and acquire at least 20 stores by the end of 2019.

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