Casey's General Stores Reported Better-Than-Expected Q1 Results
<p><a href='https://financialmodelingprep.com/financial-summary/CASY'>Casey's General Stores, Inc. (NASDAQ:CASY) </a>delivered better-than-expected Q1 results, with EPS coming in at $3.19, better than the consensus estimate of $2.96, stemming from strong fuel profitability and improving in-store performance. Revenue for the quarter was $3.18 billion, above the consensus estimate of $3.02 billion. </p>
<p>Importantly, gallons and the prepared food business continue to experience a steady recovery (albeit fuel gallons remain below pre-pandemic levels) coupled with solid SSS trends in grocery. </p>
<p>Analysts at Deutsche Bank raised their price target on the company’s shares to $256 from $246 following the results.</p>
<p>While cost inflation is pressuring some retailers, the brokerage believes the company is well-positioned with its self-distribution model providing greater flexibility and resulting in less out of stocks. </p>

NASDAQ:CASY