By Katherine Hamilton
Casey's General Stores posted a slightly higher profit in the third quarter as revenue beat Wall Street's expectations.
The convenience store operator posted a profit of $87.1 million, or $2.33 a share, in the three months ended Jan. 31, compared with $86.9 million, or $2.33 a share, a year earlier.
Revenue rose 17% to $3.9 billion. Analysts surveyed by FactSet forecast revenue of $3.7 billion.
Inside same-store sales increased 4%, driven by prepared food and dispensed beverages, Casey's Chief Executive Darren Rebelez said. Same-store fuel gallons rose 2%.
Casey's upped its full-year 2025 expectations for earnings before interest, taxes, depreciation, and amortization to 11% growth, compared with previous guidance for 10% growth. It reiterated previously shared outlook numbers for sales and operating expenses.
Write to Katherine Hamilton at katherine.hamilton@wsj.com
(END) Dow Jones Newswires
March 11, 2025 16:51 ET (20:51 GMT)
Copyright (c) 2025 Dow Jones & Company, Inc.
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