BUZZ-Casey's General Stores stock soars to record after quarterly report

Reuters
06/11
BUZZ-Casey's General Stores stock soars to record after quarterly report

** Shares in Casey's General Stores Inc CASY.O gap higher, jumping 12.9%, hitting record high on Tuesday after fiscal Q4 EPS and rev beat Street expectations

** CASY, a convenience store/pizza chain, reported adj Q4 EPS of $2.63 vs Wall Street consensus of $1.95 while its rev of $3.99 bln compared with consensus of $3.93 bln, according to data gathered by LSEG

** Casey's same-store-sales rose 1.7% vs mean expectation for 2.47% increase

** Co increased quarterly dividend by 14%, forecast fiscal 2026 EBITDA increase of 10% to 12%, forecast inside same-store-sales to increase 2% to 5%; current estimate is for a same-store-sales rise of 3.68%

** CASY, on track for biggest one-day pct gain in a year, last traded at $496 vs median PT of $465, which is up $10 from month ago, according to LSEG, which shows 17 analyst ratings: 6 'strong buy,' 6 'buy,' 4 'hold' and 1 'sell' recommendation

** YTD up ~24% vs ~7% gain for S&P 400 consumer staples index .SPMDCS

(Reporting By Sinéad Carew)

((sinead.carew@thomsonreuters.com; +13322191897;))

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