Press release
Casey's Finishes Year Strong with Record Results
ANKENY, Iowa--(BUSINESS WIRE)-- Casey’s General Stores, Inc., ("Casey's" or the "Company") (Nasdaq: CASY) one of the leading convenience store chains in the
About this update from Caseys General Stores, Inc.
[{"type":"text","content":" ANKENY, Iowa--(BUSINESS WIRE)--\nCasey’s General Stores, Inc., (\"Casey's\" or the \"Company\") (Nasdaq: CASY) one of the leading convenience store chains in the United States, today announced financial results for the three months and year ended April 30, 2021.\n\nFourth Quarter 2021 Key Highlights \n\n\nDiluted EPS of $1.12.\n\n\nFuel margin of 33.0 cents per gallon. Fuel same-store gallons sold up 6.4%.\n\n\nInside same-store sales were up 12.8% as inside guest counts steadily improved. Inside margin improved 100 basis points to 39.9% as compared to prior year.\n\n\nFiscal Year 2021 Key Highlights\n\n\nClosed fiscal 2021 with Diluted EPS of $8.38, an all-time high.\n\n\nCasey's generated strong cash flow and ended the year with a healthy balance sheet.\n\n\nAnnual digital sales increased 96% compared to prior year with 3.6 million Casey’s Rewards members at fiscal year-end.\n\n\nCasey's recently closed on the Buchanan Energy acquisition and anticipates closing on the previously disclosed Circle K acquisition in June.\n\n\n“Casey’s achieved remarkable results throughout the year in one of the most difficult retail environments of our lifetime,\" said Darren Rebelez, President and CEO. “The entire Casey’s team proved themselves resilient in spite of these challenges, and made excellent progress on our long-term strategic plan while keeping our people and communities safe. We have great momentum behind our digital engagement efforts, our private brand products have resonated with our guests, our prepared foods business is regaining traction, and we are in the process of welcoming two large acquisitions to the Casey's family. We are now poised to emerge from the pandemic an even stronger company.”\n\nEarnings \n\n\n\n \n\n\n\nThree Months Ended April 30,\n\n\n\n \n\n\n\nTwelve Months Ended April 30,\n\n\n\n\n\n \n\n\n\n2021\n\n\n\n \n\n\n\n2020\n\n\n\n \n\n\n\n2021\n\n\n\n \n\n\n\n2020\n\n\n\n\n\nNet income (in thousands)\n\n\n\n$\n\n\n\n41,698 \n\n\n\n \n\n\n\n \n\n\n\n$\n\n\n\n62,091\n\n\n\n \n\n\n\n \n\n\n\n$\n\n\n\n312,900 \n\n\n\n \n\n\n\n \n\n\n\n$\n\n\n\n263,846\n\n\n\n \n\n\n\n\n\nDiluted earnings per share\n\n\n\n$\n\n\n\n1.12 \n\n\n\n \n\n\n\n \n\n\n\n$\n\n\n\n1.67\n\n\n\n \n\n\n\n \n\n\n\n$\n\n\n\n8.38 \n\n\n\n \n\n\n\n \n\n\n\n$\n\n\n\n7.10\n\n\n\n \n\n\n\n\n\nAdjusted EBITDA (in thousands)\n\n\n\n$\n\n\n\n140,556 \n...