Casey's General Stores Q2 Profit Rises

(RTTNews) - Casey's General Stores Inc. (CASY), Monday reported second-quarter net income of $79.0 million or $2.00 per share, up from $49.9 million or $1.28 per share last year.

Total revenues for the quarter were $1.92 billion, down from $2.15 billion last year.

Analysts polled by Thomson Reuters estimated earnings of $1.50 per share on revenues of $1.95 billion for the quarter. Analysts' estimates typically exclude special items.

"Casey's experienced significant sales growth in all major areas of our business, especially inside our stores," stated Chairman and CEO Robert J. Myers. "Second quarter inside sales were up 11.6% while total fuel gallons sold were up 7.7%. The positive sales performance, along with a strong prepared food and fuel margin, drove gross profit dollars up 19.3% for the quarter."