Casey's General Stores Inc. (CASY) saw fiscal first-quarter earnings of 87 cents per share, exceeding the Zacks Consensus Estimate by 45% and topping the year-prior total. The company also declared a dividend of $0.085 per share, which translates into a an industry-leading yield of 1%.

Company Description

Casey's General Stores, Inc. together with its subsidiaries, operate convenience stores under the Casey's General Stores name in the Midwest states. It has operations in Iowa, Missouri, Illinois Kansas, Minnesota, Nebraska, South Dakota, Wisconsin, and Indiana. The company was founded in 1959 and is headquartered in Ankeny, Iowa.

A Solid Quarter

The company announced fiscal first-quarter results in early September. Earnings of 87 cents per share, exceeded the Zacks Consensus Estimate by 45% and topped the year-prior total. During the past 4 consecutive quarters, Casey's delivered an average upside earnings surprise of 17.5%.

"Strong gas margins and enhanced profitability inside the stores were

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Casey's General Stores Inc. (CASY) saw same store sales rise 6.4% in the fiscal first quarter thanks to better gasoline margins. The company has surprised on estimates 2 out of the last 4 quarters by an average of 17.50%. CASY is trading with a forward P/E of 14.42.

Company Description

Casey's General Stores, founded in 1959 in Iowa, operates convenience stores affiliated with gas stations in small towns across the United States. As of March 31, the company operated 1474 stores.

Casey's Saw Record Fiscal First Quarter

On Sep 8, Casey's General Stores reported fiscal first quarter 2010 earnings that blew by the Zacks Consensus Estimate by 45%. Earnings per share were 87 cents which easily surprised on the Zacks Consensus Estimate of 60 cents and bested the year ago quarter by 50%.

The company attributed the record quarter to strong gas margins and enhanced profitability inside the stores.

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