Casey's General Stores Inc. (CASY) reported an increase in profit for the second quarter, surpassing expectations from analysts. The company's earnings reached $180.92 million, or $4.85 per share, compared to $158.78 million, or $4.24 per share, in the same quarter of the previous year. Analysts surveyed by Thomson Reuters had anticipated earnings of $4.27 per share, typically excluding any special items.
Despite the profit growth, the company's revenue for the quarter decreased by 2.9%, totaling $3.946 billion, down from $4.064 billion the previous year.
Summary of Casey's General Stores Inc. second-quarter earnings (GAAP):
- Earnings: $180.92 million, up from $158.78 million last year.
- Earnings Per Share (EPS): $4.85, up from $4.24 last year.
- Revenue: $3.946 billion, down from $4.064 billion last year.
