Casey’s General Stores (NASDAQ:CASY) earned $4.09 per share in Q1, which was more than the average estimate of $3.43. The company made $4.45 billion in sales.
Same-store sales rose 6.3% annually. Same-store fuel gallons fell 2.3% year-over-year.
Excellent inside sales and fuel margins helped Casey deliver another strong quarter to stockholders. Pizza slices, our updated breakfast menu, and cold dispensed beverages drove same-store sales. Casey’s General Stores President and CEO Darren Rebelez stated that alcoholic beverage sales are strong.
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The company expects same-store sales to climb 4%–6% in fiscal 2023 with a 40% inside margin. Same-store gasoline gallons are expected to climb 0%–2%.
