Ankeny, Iowa, January 31, 2023–(BUSINESS WIRE)–Casey’s General Stores, Inc. (“Casey’s” or the “Company”) (Nasdaq: CASY), one of the United States’ leading convenience store chains, today announced in advance that We have published the following business updates: About “No Agreement” Roadshow Participation:
Third quarter results to date are in line with full year expectations. Specifically, quarterly comparable store inside sales were less than half of our annual range of 5-7% increase. Quarterly like-for-like fuel gallons neared the low end of the annual range of flat to up 2%. Q3-to-date fuel margins (cpg) are about the same as reported Q2 fuel margins. Excluding the following non-recurring items, total operating expense growth is expected to be near the low end of the annual range of 9-10% growth.
During the quarter, the company received a one-time payment of approximately $15 million for the settlement of certain legal matters. These gains were recorded as a reduction in operating expenses for the quarter and were not included in previous operating expense guidance for the third quarter or fiscal year.
Casey’s is a Fortune 500 company (Nasdaq: CASY) that operates more than 2,400 convenience stores. Founded more than 50 years ago, the company has grown to become the third largest convenience store retailer and fifth largest pizza chain in the United States. Casey’s offers fresh on-site food, quality fuel, and friendly service. Enjoy pizza, donuts and other bakery items along with a wide variety of drinks and snacks. Find out more and order online at www.caseys.com or our mobile app.
This release contains statements that may constitute forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. This includes statements regarding expectations for future periods, possible or anticipated future performance, financial condition, liquidity and related sources of information or needs. , business and/or integration strategy, planning and synergies, supply chain, growth opportunities and in-store performance. A number of known and unknown risks, uncertainties and other factors could cause actual results to differ materially from those expressed or implied by these forward-looking statements. integration and financial performance of acquired stores; wholesale fuel; inventory and raw material costs; distribution challenges and disruptions; Impact and Period Other risks described in our most recent annual report on Form 10-K and quarterly report on Form 10-Q filed with the Securities and Exchange Commission and available on our website. , as uncertainties and factors. The forward-looking statements contained in this release represent our current view as of the date of this release regarding future events, and Casey’s disclaims any intention or obligation to update or revise any forward-looking statements in this release. increase. new information, future events, or otherwise.
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