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Casey’s General Stores shares dip after missing on Q4 revenue

  CASY -1.61% Add to/Remove from Watchlist Add to Watchlist Add Position

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Please name your holdings portfolio Type: BUY SELL Date:   Amount: Price Point Value: Leverage: 1:1 1:10 1:25 1:50 1:100 1:200 1:400 1:500 1:1000 Commission:   Create New Watchlist Create Create a new holdings portfolio Add Create + Add another position Close — Casey’s General Stores Inc (NASDAQ:CASY) shares were falling after it reported fourth-quarter results that fell short of expectations.

Shares are down 4.9% in after hours trading and are flat so far this year.

The company, which operates more than 2500 convenience stores across several states, reported total revenue of $3.33 billion and earnings per share of $1.49.

Analysts expected it to report earnings per share of $1.56 on revenue of $3.38 billion.

Darren Rebelez, president and CEO, said: “As we look to discuss our next strategic plan on June 27th, I am proud of the hard work and dedication of the Casey’s team, and we are well positioned to continue delivering long-term shareholder value.”

The company expects inside same-store sales to increase 3% to 5% and to improve inside margin to approximately 40% to 41%. The company expects same-store fuel gallons sold to be between negative 1% to positive 1%.


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