Ankeny, IA - Casey's General Stores, Inc. (Nasdaq symbol CASY) today issued the following statement regarding a letter to Casey's shareholders publicly released earlier today by JCP Investment Management, LLC, BLR Partners LP and Joshua E. Schechter, who collectively own approximately 1% of Casey's outstanding shares.
Ankeny, IA - Casey's General Stores, Inc. (Nasdaq symbol CASY) today reported diluted earnings per share of $1.28 for the second quarter of fiscal 2018 ended October 31, 2017, compared to $1.44 per share for the same quarter a year ago. "The Company surpassed the 2,000 store milestone and now has 200 new-store sites either under agreement or under construction at the end of the quarter, including its first store in the state of Michigan," said Terry Handley, President and Chief Executive Officer. "In addition, we recently began the consultation phase of our digital engagement and price optimization projects. We continue to make investments to enhance ongoing operations and support our long-term vision to create shareholder value."
Ankeny, IA - Casey's General Stores, Inc. (Nasdaq symbol CASY) today reported diluted earnings per share of $1.46 for the first quarter of fiscal 2018 ended July 31, 2017, compared to $1.70 per share for the same quarter a year ago. Changes in vesting provisions that accelerated expense in the current grant awards under the long-term stock incentive plan, combined with increases to Illinois state tax rates lowered diluted earnings by $0.17 per share. "Expansion activity for new store construction continues to increase as there are now 179 sites either under construction or under agreement," said Terry Handley, President and CEO. "We are well positioned to sustain a higher level of unit growth in fiscal 2018 and beyond."
Ankeny, IA - Casey's General Stores, Inc. (Nasdaq symbol CASY) today reported diluted earnings per share of $0.76 for the fourth quarter of its fiscal year ending April 30, 2017 compared to $1.19 for the same period a year ago. For the year, diluted earnings per share were $4.48 versus $5.73 for the same period last year. "Despite a challenging operating environment, fiscal 2017 marked the 16th consecutive year of positive same-store sales growth in both the grocery and other merchandise and prepared food and fountain categories," said Terry Handley, President and CEO. "We also recently opened our first store in the state of Ohio, and now have 116 sites under agreement for new store construction. We are optimistic about our growth opportunities."
Ankeny, IA - Today, Casey's General Stores, Inc., a Midwest convenience store chain, announced it will expand consumer choice by offering higher ethanol blends of E15 and E85 at 17 sites in Illinois, Iowa, and Kansas. E15 is a fuel that contains 15 percent ethanol and works well for any car 2001 and newer. E85 contains up to 83 percent ethanol and is a choice for flex-fuel vehicle owners.