Microsoft strongly encourages users to switch to a different browser than Internet Explorer as it no longer meets modern web and security standards. Therefore we cannot guarantee that our site fully works in Internet Explorer. You can use Chrome or Firefox instead.

Why Casey's General Stores Stock Skyrocketed to an All-Time High Today

Shares of convenience store chain Casey's General Stores (NASDAQ: CASY) skyrocketed to all-time highs today after reporting financial results for its fiscal fourth quarter of 2024. As of 10 a.m. ET, Casey's stock was up about 16%.

Casey's stock has outperformed the S 500 for quite a long time, so it's a little surprising how low investors' expectations were going into this report. On average, analysts had expected the company to report earnings per share (EPS) of about $1.70. But it shocked the investing community by reporting Q4 EPS of $2.34.

Casey's sells fuel, but sales for prepared foods and dispensed beverages are what really shined during Q4 (the period that ended in April). The company has fountain drinks and makes food, such as pizza, and this part of the business has a nearly 60% gross profit margin. Same-store sales in this category were up a whopping 7% year over year in Q4, majorly contributing to Casey's outperformance on the bottom line.

Continue reading


Like: 0