Q4 2025 Caseys General Stores Inc Earnings Call Transcript
Key Points
- Casey's General Stores Inc (CASY) achieved a record year for diluted earnings per share, reaching $14.64, a 9% increase from the prior year.
- The company reported a record $547 million in net income and $1.2 billion in EBITDA, marking a 13% increase from the previous year.
- Fiscal 2025 was the largest store growth year in the company's history, with 35 new builds and 235 units acquired, including the significant Fikes Wholesale acquisition.
- Total inside sales grew by 10.9%, with prepared food and dispensed beverage sales increasing by 10.3%, and grocery and general merchandise sales rising by 11.2%.
- Fuel gross profit increased by 11%, with total fuel gallons sold up 13% and a fuel margin averaging $0.387 per gallon over the year.
- The integration of the Fikes acquisition presents challenges, with some synergies, particularly in procurement and kitchen installations, not expected to be realized until after fiscal 2026.
- Same store operating expenses, excluding credit card fees, increased by 1.7%, with insurance expenses contributing to the rise.
- Net interest expense rose to $27.9 million, primarily due to financing associated with the Fikes transaction.
- The effective tax rate increased to 23% from 22.4% in the prior year, due to a slight decrease in favorable permanent differences.
- The company faces a $0.02 per gallon headwind due to the CEFCO stores, impacting overall fuel margins.
Good day and thank you for standing by. Welcome to the Q4 fiscal year 2025 Casey's General Stores earnings conference call.
(Operator Instructions)
Please be advised that today's conference is being recorded.
I would now like to hand the conference over to your first speaker today, Brian Johnson, Senior Vice President of Business Development and Investor relations. Please begin.
Good morning and thank you for joining us to discuss the results from our fourth quarter and fiscal year ended April 30, 2025. I'm Brian Johnson, Senior Vice President, Investor Relations and Business Development.
With me today are Darren Rebelez, Chairman, President, and Chief Executive Officer; and Steve Bramlage, Chief Financial Officer.
Before we begin, I'll remind you that certain statements made by us during this investor call may constitute forward-looking statements within the meaning of the Private Securities Litigation
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