Casey's General Stores Shares Rise on FY Inside Same-Store Sales Guidance, 4Q Revenue Beat

Dow Jones06-12

Shares of Casey's General Stores on Tuesday rose after the company guided for higher inside same-store sales this fiscal year after reporting better-than-expected revenue in the fourth quarter.

The stock was up 6.1% to $346.40 in after-hours trading. Shares have jumped about 48% over the past 12 months, as of Tuesday's close.

The convenience store chain said it expects inside same-store sales growth of 3% to 5%.

For the three months ended April 30, Casey's posted a net profit of $87 million, or $2.34 a share, compared with $56.1 million, or $1.49 a share, for the same period a year earlier.

Revenue rose 8.2% to $3.6 billion, coming ahead of the $3.47 billion expected by Wall Street, according to FactSet.

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