On Thursday, March 8, convenience-store operator Casey's General Stores
- Total sales grew 16% as same-store gasoline gallons improved 4% and total gallons sold advanced 15%. Grocery and merchandise comps improved an impressive 7%, with total sales up just more than 15%. Prepared food and fountain comps jumped an even nicer 12%, while the total increased 19%
- Diluted earnings grew 62% as margins improved along with the strong sales trends.
- Management expects to acquire 50 convenience stores and open another 10 by the end of fiscal 2007. As of quarter end, it was already near its goal.
- Casey's carries a four-star rating in the Motley Fool CAPS intelligence database, as does archrival The Pantry
(NASDAQ:PTRY) . Grocery store operator Kroger(NYSE:KR) also has a sizeable convenience store business but only a three-star CAPS rating. Feel free to head to CAPS and tell us what you think about these companies and more.
(Figures in thousands, except per-share data)
Income Statement Highlights
|
Q3 2007 |
Q3 2006 |
Change |
|
|---|---|---|---|
|
Revenue |
$922,961 |
$798,278 |
15.6% |
|
Net Profit |
$11,244 |
$6,953 |
61.7% |
|
EPS |
$0.22 |
$0.14 |
57.1% |
Get back to basics with a look at the income statement.
Margin Checkup
|
Q3 2007 |
Q3 2006 |
Change* |
|
|---|---|---|---|
|
Gross Margin |
15.2% |
14.8% |
0.4 |
|
Operating Margin |
2.2% |
1.7% |
0.5 |
|
Net Margin |
1.2% |
0.9% |
0.3 |
Margins are the earnings engine. See how they work.
Balance Sheet Highlights
|
Assets |
Q3 2007 |
Q3 2006 |
Change |
|---|---|---|---|
|
Cash + ST Invest. |
$32,835 |
$23,951 |
37.1% |
|
Accounts Rec. |
$7,697 |
$6,881 |
11.9% |
|
Inventory |
$96,617 |
$91,321 |
5.8% |
|
Liabilities |
Q3 2007 |
Q3 2006 |
Change |
|---|---|---|---|
|
Accounts Payable |
$102,468 |
$93,559 |
9.5% |
|
Long-Term Debt |
$155,007 |
$110,720 |
40.0% |
Learn the ways of the balance sheet.
Cash Flow Highlights
Fools will have to wait until Casey's files its quarterly 10-Q with the Securities and Exchange Commission for juicy cash flow details. Find out why Fools always follow the money.
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Fool by Numbers is designed to give you the raw earnings information in a timely fashion, putting all the numbers you need in one easy-to-read place. But at The Motley Fool, we believe numbers tell only part of the story, so check Fool.com for more of our in-depth discussion of what the numbers mean.
Fool contributor Ryan Fuhrmann has no financial interest in any company mentioned. The Fool has an ironclad disclosure policy. Feel free to email him with feedback or to discuss any companies mentioned further.
