Casey’s General Stores reports Q2 EPS $4.24, consensus $3.80

Reports Q2 revenue $4.06B, consensus $4.06B. Q2 Inside same-store sales increased 2.9% compared to prior year. “Due to the hard work of our team, Casey’s delivered an outstanding second quarter highlighted by strong inside and fuel gross profit growth,” said Darren Rebelez, Chairman, President and CEO. “Inside same-store sales were driven by prepared food and dispensed beverage, with whole pies and bakery performing exceptionally well. Our fuel team continues to do an excellent job finding the right balance between gallon growth and gross profit margin, as evidenced by another strong fuel margin quarter while same-store gallons were flat. The team continued to effectively manage the stores by reducing same-store labor hours while growing the business at the same time.”