IA
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42-0935283
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(State or other jurisdiction of
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(IRS Employer
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incorporation)
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Identification No.)
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Same store gasoline gallons sold were unchanged in March 2010 compared to March 2009, reversing a five-month trend of negative same store gallon movement. The average retail price of gasoline sold during March 2010 was $2.65 per gallon. The gasoline margin was above the Company's fiscal 2010 goal of 11.0 cents per gallon.
Results in March reflect improving same store sales trends, relative to the past five months, amidst more favorable weather. In the grocery and other merchandise category, the Company is pleased with the 1.4% increase over a strong March 2009, which reflected significant cigarette manufacturer price increases prior to the April 1, 2009 federal excise tax increase. Same store sales in the prepared food and fountain category were the strongest in nearly a year as improved weather and strategic price increases have begun to have a meaningful impact. These price increases represented approximately half of the 7% sales increase in prepared food and fountain.
Weather in April has been more favorable, contributing to strong same store sales in all categories through the first half of the month.
The information contained in this Item is being furnished and shall not be deemed "filed" for purposes of Section 18 of the Securities Exchange Act of 1934, as amended, or otherwise subject to the liabilities of that Section, and shall not be incorporated by reference into any registration statement or other document filed under the Securities Act of 1933, as amended, or the Exchange Act, except as shall be expressly set forth by specific reference in such filing.
Casey's General Stores, Inc.
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Date: April 15, 2010
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By:
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/s/ William J. Walljasper
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William J. Walljasper
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Senior Vice President and Chief Financial Officer
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