Casey's General Stores, Inc.

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  • Today, 10:54 AM
    • Consumer spending in the U.S. showed some strength in January to defy some of the signals being sent by equity markets.
    • "The markets may have decided that the U.S. is headed for recession, but obviously no one told U.S. consumers," said econimist Paul Ashworth.
    • Though data shows consumers have pulled back on some big-ticket categories to save more, there's some pockets of retail that could surprise this year - especially if gas prices move closer to $1/gallon.
    • Companies that consumers interface with daily or weekly are more likely to benefit than those in the luxury discretionary space where falling 401K or profit-sharing plan values weigh a bit heavy on demand (home improvement, jewelry, high-end auto, etc), note analysts.
    • Potentially sitting in that sweet space: Ross Stores (NASDAQ:ROST), TJX Companies (NYSE:TJX), Ulta Salon (NASDAQ:ULTA), Columbia Sportswear (NASDAQ:COLM), Skechers (NYSE:SKX), Nike (NYSE:NKE), Foot Locker (NYSE:FL), Dollar General (NYSE:DG), Target (NYSE:TGT), Party City (NYSE:PRTY), Churchill Downs (NASDAQ:CHDN), Isle of Capri (NASDAQ:ISLE), Penn National Gaming (NASDAQ:PENN), Boyd Gaming (NYSE:BYD), Casey's General Stores (NASDAQ:CASY), McDonald's (NYSE:MCD), Cracker Barrel (NASDAQ:CBRL)... add your own in the comments.
    | Today, 10:54 AM | 3 Comments
  • Tue, Feb. 2, 9:58 AM
    • January monthly performance was: -6.63%
    • AUM of $363M
    • 52-week performance vs. the S&P 500 is: +1%
    • No dividends were paid in January
    • Top 10 Holdings as of 12/31/2015: Manhattan Associates Inc (MANH): 0.44%, Health Net Inc (HNT): 0.41%, j2 Global Inc (JCOM): 0.35%, MarketAxess Holdings Inc (MKTX): 0.34%, Casey's General Stores Inc (CASY): 0.33%, StanCorp Financial Group Inc (SFG): 0.32%, Bank of the Ozarks Inc (OZRK): 0.32%, Piedmont Natural Gas Co (PNY): 0.31%, Vail Resorts Inc (MTN): 0.31%, Charles River Laboratories International Inc (CRL): 0.3%
    | Tue, Feb. 2, 9:58 AM
  • Mon, Feb. 1, 10:46 AM
    • Strong volume numbers out of Sysco this morning aren't going unnoticed by grocery store investors.
    • With a large percentage of the market showing losses, Whole Foods (WFM +1.9%), The Fresh Market (TFM +0.1%), and Kroger (KR +1.8%) are all higher. Related food seller Casey's General Stores (CASY +0.9%) is also in positive territory.
    • Previously: 52-week high for Sysco after earnings shine (Feb. 1)
    | Mon, Feb. 1, 10:46 AM | 4 Comments
  • Thu, Jan. 14, 9:57 AM
    • Murphy USA (MUSA -4.4%), Casey's General Stores (CASY -1%), and CST Brands (CST -2.6%) are lower in early trading after the billion-dollar Powerball lottery resulted in three winners last night.
    • Analysis on the significance of Powerball for convenience stores is very mixed, although there's no denying the huge spike in C-store traffic over the last week. The true impact on margins of the unprecedented jackpot may not be fully realized until Q1 earnings reports roll in.
    | Thu, Jan. 14, 9:57 AM | 2 Comments
  • Mon, Jan. 11, 11:10 AM
    • Convenience store operators are ahead of broad market averages after the U.S. Powerball lottery bonanza goes unclaimed for another drawing. The next Powerball is expected to top $1.3B.
    • Huge lottery traffic has increased extra in-store sales for C-store chains in Powerball states in the past, although paradoxically, some C-store chains see margins diminish around huge lottery drawings as it takes extra staffing to process the low-margin tickets.
    • Casey's General Stores (CASY +0.9%), CST Brands (CST +1.4%), and Murphy USA (MUSA +0.8%) are all poking out gains on the day. A high percentage of lottery tickets are sold at privately-owned or franchised stores, while Oil majors own some of the other large chains.
    | Mon, Jan. 11, 11:10 AM | 2 Comments
  • Dec. 7, 2015, 4:17 PM
    • Caseys General Stores (NASDAQ:CASY): FQ2 EPS of $2.00 beats by $0.50.
    • Revenue of $1.92B (-10.7% Y/Y) misses by $30M.
    • Shares +0.4%.
    • Press Release
    | Dec. 7, 2015, 4:17 PM
  • Dec. 6, 2015, 5:35 PM
  • Nov. 25, 2015, 9:26 AM
    • The average price for a gallon of gas in the U.S. has now dropped to $2.06 per gallon - a mark that is 27% lower than where gas prices stood heading into the holiday period last year. Despite the extra dollars in the wallets of consumers, most forecasts for holiday retail sales are on the modest side (below 4%).
    • The extended period of sub-$3 gas prices in the U.S. hasn't exactly lit consumer spending across broad retail on fire (just ask Wal-Mart) - although it has stoked auto sales for the Detroit Three (GM, F, FCAU). The regional casino sector (ISLE, PENN, BYD, ERI, MTN, MCRI) and cruise line stocks (NCLH, RCL) have also benefited more than major chain stores. Some have suggested that lower gas prices are also an understated driver for Starbucks (NASDAQ:SBUX) and Netflix (NASDAQ:NFLX) which both score high on customer stickiness.
    • What next? Seeking Alpha's Stock Pitch Contest on retail is still open until November 30 amid the reset on consumer spending expectations. Current long ideas include PLAY, FRAN, CASY, SKX, WMT, PSUN, HGG, PRTY, TJX, TA, VSTO - while short bets on WMAR, TIF, RT, AMZN, UA, LB, and OUTR are on record.
    | Nov. 25, 2015, 9:26 AM | 49 Comments
  • Sep. 13, 2015, 2:47 PM
    • U.S. gas prices fell sharply over the last three weeks, according to the latest read from Lundberg Survey.
    • The average price for a gallon of regular declined 9.8% to $2.4419 for the period ending on September 11.
    • Fuel margins are a key earnings factor for a large number of retail chains including CST Brands (NYSE:CST), Murphy USA (NYSE:MUSA), Costco (NASDAQ:COST), Kroger (NYSE:KR), Wal-Mart (NYSE:WMT), and Casey's General Stores (NASDAQ:CASY).
    | Sep. 13, 2015, 2:47 PM | 15 Comments
  • Sep. 8, 2015, 4:18 PM
    • Caseys General Stores (NASDAQ:CASY): FQ3 EPS of $1.57 beats by $0.18.
    • Revenue of $2.05B (-10.5% Y/Y) beats by $50M.
    | Sep. 8, 2015, 4:18 PM
  • Sep. 7, 2015, 5:35 PM
    | Sep. 7, 2015, 5:35 PM | 6 Comments
  • Aug. 18, 2015, 11:17 AM
    • AAA reports the average U.S. gas price rose $0.085 last week to $2.664 per gallon as a BP outage in Indiana played into supply factors in Midwestern states.
    • Casey's General Stores (NASDAQ:CASY) is the gas seller that might feel the biggest impact due to its high concentration in the Midwest.
    • The national gas average is still 23% below where it stood a year ago.
    • Related ETF: UGA
    | Aug. 18, 2015, 11:17 AM | 1 Comment
  • Jul. 13, 2015, 4:04 PM
    • Casey's General Stores (NASDAQ:CASY) announces CEO Robert Myers will retire at the end of the company's fiscal year.
    • The company names current COO Terry Handley to fill the position next April.
    | Jul. 13, 2015, 4:04 PM
  • Jun. 23, 2015, 6:07 PM
    • NiSource spinoff Columbia Pipeline Group (CPGX) is taking Allegeheny Technologies' (NYSE:ATI) spot in the S&P 500. Allegheny will join the S&P MidCap 400.
    • Also joining the S&P 400: Casey's General Stores (NASDAQ:CASY), Graham Holdings spinoff Cable One, DuPont spinoff Chemours, and the post-spinoff Energizer (NYSE:ENR).
    • Getting dropped to the S&P SmallCap 600 from the 400: Unit Corp. (NYSE:UNT), Harsco (NYSE:HSC), and Semtech (NASDAQ:SMTC).
    • Also joining the S&P 600: Nektar (NASDAQ:NKTR), Masco spinoff TopBuild, and the new/post-spinoff Gannett (NYSE:GCI). Gannett's broadcast/digital spinoff Tegna (Pending:TGNA) will have old Gannett's spot in the S&P 500.
    • Getting dropped from the S&P 600, and not moving up: Aeropostale (NYSE:ARO), Paragon Offshore (NYSE:PGN), PetroQuest (NYSE:PQ), Quiksilver (NYSE:ZQK), and FXCM.
    • Leaving the S&P 400, and not moving elsewhere: Peabody (NYSE:BTU) and AOL (acquired by Verizon).
    • ATI -1% AH. UNT -0.7%. ARO -1.1%. PQ -1.9%. BTU -1.1%. NKTR +5.2%.
    | Jun. 23, 2015, 6:07 PM
  • Jun. 18, 2015, 3:45 PM
    • A strategic deal between Target and CVS Health to place CVS MinuteClinics inside of Target stores could have an impact in the convenience store sector, observes CSP Daily News.
    • If the large-scale deal is replicated with other retailer-drugstore combinations, consumers may shift some spending habits.
    • C-stores have seen strong traffic trends this year.
    • Convenience store operators: Circle K (OTCPK:ANCUF), 7-11, CST Brands (NYSE:CST), Murphy USA (NYSE:MUSA), Pantry (OTCPK:ANCUF), BP Connect (NYSE:BP), On the Run (NYSE:XOM), Speedway America (NYSE:MPC), Kwik Shop (NYSE:KR), Casey's General Stores (NASDAQ:CASY), and Qwiktrip.
    • Previously: Target and CVS Health sign major partnership (Jun. 15 2015)
    | Jun. 18, 2015, 3:45 PM | 23 Comments
  • Jun. 9, 2015, 9:19 AM
    • Casey's General Stores (NASDAQ:CASY) shoots higher in premarket trading after topping expectations with its Q1 report.
    • The drop in fuel prices compared to a year ago cut into revenue during the quarter, although same-store gallons were up 3.5% indicating traffic was solid.
    • Same-store sales for grocery and merchandise +9.7%.
    • Same-store sales for prepared food and fountain +13.5%.
    • Previously: Caseys General Stores beats by $0.20, beats on revenue (Jun. 08 2015)
    • CASY +4.3% premarket to $91.00.
    | Jun. 9, 2015, 9:19 AM | 1 Comment
Company Description
Casey's General Stores Inc, together with its subsidiaries, operates convenience stores under the Caseys General Store name in 14 Midwestern states. Its stores offers a selection of food, beverage and tobacco products as well as other nonfood items.
Sector: Services
Industry: Grocery Stores
Country: United States