CACASYEarnings Analysis财报电话会Source pending来源待核by InvestLog AIInvestLog AI 整理
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CASY earnings call: We expect the second quarter operating expense increase to be similar to the first quarter and that is partially driven by the increase in retail fuel prices.Casey's General Stores, Inc. (CASY) 电话会：我们预计第二季度营业费用增幅与第一季度相仿，这部分受零售燃油价格上涨推动。
Management remarks
Call period: 2027 Q1 · 2026-09-09
Guidance: Stephen Bramlage Jr.: We expect the second quarter operating expense increase to be similar to the first quarter and that is partially driven by the increase in retail fuel prices.
Demand and orders: Darren Rebelez: And so the folks that have had a wing only order have increased their frequency of prepared food purchases overall by about 30%.
Margins: Darren Rebelez: Prepared food and dispensed beverage led the way, as same store sales were up 4.8% or 10.7% on a 2-year stack basis with a gross profit margin of 59.3%.
Analyst Q&A
Analyst Chuck Cerankosky asked: I would like to return to the nicotine category. it is it is shrinking on the cigarette side. Can you talk a little bit about the I kinda cannot even think of the name right now. Management Darren Rebelez answered: Yeah. Chuck, this is Darren, and they are called nicotine alternatives. And so yeah, that you know, what we have seen over the course of the last couple years is as that secular decline in combustible cigarettes continues, nicotine alternatives is starting to, replace that lost volume. Now it is not a 1-for-1 yet, has not quite grown that fast. But if you think about how the categories are trending, you know, with cigarettes down 1% or 2% on sales basis and down you know, call it, 5% or 6% on a unit basis, and nicotine alternatives up 47% in the quarter.
