Casey’s General Stores, Inc. (NASDAQ:CASY) shares are trading higher Wednesday after the company reported fourth-quarter earnings on Tuesday after the market closed.
Casey’s stock is building positive momentum. What’s pushing CASY stock higher?
Casey’s reported earnings per share of $4.37, beating the consensus estimate of $3.31. In addition, it reported revenue of $4.57 billion, beating the consensus estimate of $4.30 billion.
Inside the Store
Inside same-store sales were up 5.5% compared to the prior year — and 7.4% on a two-year stack basis — with an inside margin of 42.4%. Total inside gross profit increased 10.5% to $643.4 million compared to the prior year, led by strong performance in prepared foods and non-alcoholic beverages.
