EmailCasey (CASY $53.99 -6.13) reported fourth quarter earnings of GAAP $0.61 per share, $0.06 worse than the GAAP Capital IQ Consensus Estimate of $0.67, while revenues rose 13.1% year/year to $1.75 billion versus the $1.75 billion consensus. Grocery & Other Merchandise: For the quarter, same-store sales rose 8.5% from the same period a year ago with an average margin of 33.0%. "We were pleased with our ability to offset this decline with strong sales and margin gains inside our stores. Inside gross profit dollars for the quarter were up nearly 19% and we are optimistic about our growth potential in fiscal 2013 with the various operational initiatives we are implementing."
The corporate performance goals for fiscal 2013 are as follows: Increase same-store gasoline gallons sold 1% with an average margin of 14 cents per gallon. Increase same-store grocery and other merchandise sales 6.2% with an average margin of 32.7%."
