Casey's General Stores: Q3 Revenue Surge and 2025 Outlook Boost!

Ladies and gentlemen, buckle up! Casey's General Stores just dropped a bombshell with its Q3 earnings report, and the market is buzzing with excitement. This convenience store giant is on fire, and you don't want to miss out on the action. Let's dive into the numbers and see why Casey's is the talk of the town.



First things first, Casey's reported a 17% increase in revenue for the third quarter, smashing market expectations of $3.74 billion with a whopping $3.90 billion. That's right, folks, $3.90 billion! This is not just growth; this is a GREAT growth!

Now, let's talk about earnings per share (EPS). Casey's posted an EPS of $2.33, which is higher than Wall Street's estimate of $2.10. This is a NO-BRAINER for investors looking for solid returns.

But wait, there's more! Casey's inside same-store sales rose by 3.7% year-over-year, and 8.0% on a two-year stacked basis. This is driven by strong performance in the prepared food and dispensed beverage categories, with hot sandwiches and bakery items performing particularly well. The fuel division also saw a 1.8% rise in same-store gallons sold, with a fuel margin of 36.4 cents per gallon. This is a WIN-WIN situation for Casey's and its investors.

Now, let's talk about the elephant in the room: the Fikes acquisition. Casey's acquired Fikes, and the integration is progressing well. The company is optimistic about achieving $45 million in synergies over 3 to 4 years, primarily from food and fuel pricing synergies. This is a BIG DEAL for Casey's, and it's paying off big time.

But that's not all, folks! Casey's has also increased its EBITDA growth estimate for fiscal 2025 to 11%, from its prior 10% estimate. This is a BULLISH sign for the company, and it's a clear indication that Casey's is on the right track.

Now, let's talk about the future. Casey's plans to add around 270 additional stores during the fiscal year, with the purchase of property and equipment expected to be about $500 million. This is a MASSIVE expansion, and it's a clear indication that Casey's is committed to growth.

But wait, there's more! Casey's has also approved a quarterly dividend of $0.50 per share, payable May 15, 2025, to shareholders of record on May 1, 2025. This is a GREAT news for income investors, and it's a clear indication that Casey's is committed to returning value to its shareholders.

Now, let's talk about the market. Casey's shares are trading higher premarket on Wednesday after the company reported third-quarter FY24 results on Tuesday. This is a BULLISH sign for the company, and it's a clear indication that the market is excited about Casey's future prospects.

So, what's the bottom line? Casey's General Stores is on fire, and you don't want to miss out on the action. This is a NO-BRAINER for investors looking for solid returns, and it's a BULLISH sign for the company's future prospects. So, do yourself a favor and BUY NOW!