Casey's General Stores Inc. said its normalized net income for the fiscal first quarter ended July 31 was $1.34 per share, compared with the S&P Capital IQ consensus estimate of $1.25 per share.
EPS decreased year over year from $1.40.
Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was $52.2 million, a decrease from $54.4 million in the year-earlier period.
The normalized profit margin fell to 2.2% from 2.6% in the year-earlier period.
Total revenue climbed 8.3% on an annual basis to $2.29 billion from $2.11 billion, and total operating expenses grew 8.9% on an annual basis to $2.20 billion from $2.02 billion.
Reported net income decreased on an annual basis to $52.3 million, or $1.34 per share, from $54.0 million, or $1.39 per share.
