Casey's General Stores Q3 earnings fell 13% YoY to $86.9m, with mixed results including increased same-store sales and EBITDA, but decreased fuel margin and net income.
Casey's General Stores Q3 earnings of $86.9m, a 13% decrease YoY, reported mixed results; Net income down 13%, but EBITDA up slightly to $218m. Same-store sales increased by 4.1%, with a notable 11.3% rise in inside gross profit. However, fuel margin declined to 37.3 cents per gallon, contributing to a 2.0% drop in total fuel gross profit. Operating expenses rose by approximately 10%, influenced by the addition of 167 new stores. Casey's ended the quarter with 2,639 stores, a 5.9% increase from the beginning of the fiscal year.
March 11, 2024
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