Casey’s revenue up in quarter, shares lag behind estimates with higher operating costs
BPC Staff Dec 9, 2021 | 5:20 pm
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Des Moines Register: As the pandemic eases due to the availability of the COVID-19 vaccine, customers continue to return to Casey’s General Stores. The Ankeny-based convenience store chain reported this week total revenues surged to $3.26 million for the August to October second quarter of its 2022 fiscal year, a 47.3% increase compared with last year and outpacing the Zacks investing service estimate. But its quarterly earnings of $2.59 per share declined from $3.19 per share in Casey’s first quarter. Darren Rebelez, president and CEO of Casey’s, said the company’s earnings before interest, taxes and amortization were down primarily because of increased operating expenses, including higher wages and credit card fees.