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You are here: Home / Business / Casey’s reports increased earnings

Casey’s reports increased earnings

March 6, 2012 By Matt Kelley

Milder weather and more business hours helped drive sales growth for Casey’s General Stores during the most recent quarter. Bill Walljasper is Chief Financial Officer for the Ankeny-based convenience store chain.

“We felt we had a really strong quarter,” Walljasper said. “Earnings per share were up nearly 20% this quarter compared to a year ago. Same-store sales really kind of anchored the performance.” Casey’s earnings rose to 44 cents per share during the third quarter, up from 34 cents a year ago.

The company has added stores and more are staying open 24 hours a day. “We’re operating roughly 68 more stores this period versus a year ago. Also, we had just an increase in sales of higher-margin items like energy and sports drinks and snacks inside the store,” Walljasper said.

Relatively mild weather and new initiatives like pizza delivery also helped Casey’s bottom line. Casey’s earned $16.7 million for the quarter that ended January 31. That’s up from $12.9 million in the third quarter last year.

The company has nearly 1,700 stores, including 450 in Iowa.

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