Casey's Generous Quarterly Profit Climbs 6.47%
Solid Revenue Growth of 5.92% Drives Casey's Q1 Success
Casey's General Stores, Inc. [CASY] reported a net profit of $180.2 million for the first quarter ending July 31, 2024. This figure marks a positive uptick from the previous quarter's earnings.
The company, headquartered in Ankeny, IA, reported to SEC in an 8-K filing $4.83 earnings per share in the quarter, compared to $4.52 in the previous quarter.
Casey's General Stores, Inc., a prominent player in the Retail - Convenience Stores industry sector, reported a revenue of $4.1 billion. This number reflects a 5.92% increase compared to the previous quarter's revenue figure.
In comparison to the same quarter of the previous year, Casey's General Stores, Inc. experienced a notable decrease in revenue from $5.2 billion to $4.1 billion, equating to a decline of 21.2%. Additionally, the company recorded a 6.47% increase in net profit, rising from $169 million in the same quarter of the previous year to $180.2 million in the current period.
