Casey's Q2 diluted EPS up 14% to $4.85; CEO pay amendment disclosed
Casey's reported second-quarter results for the period ended October 31, 2024, with net income of $181 million, up 14% from a year earlier, and diluted EPS of $4.85 versus $4.24. Total revenue fell to $3.95 billion from $4.06 billion, and the company updated its fiscal 2025 outlook after closing the Fikes acquisition on November 1, 2024. For shareholders, profit rose while revenue declined, and the outlook now includes higher interest expense and one-time deal costs tied to the acquisition.
- Diluted EPS of $4.85 versus $4.24 a year earlier; net income of $181 million, up 14%.
- Total revenue of $3.95 billion versus $4.06 billion; inside same-store sales up 4.0%.
- Fikes transaction closed November 1, 2024, acquiring 198 CEFCO stores; interest expense expected about $35 million higher than the original outlook.
- Amended CEO Darren Rebelez's agreement: term extended to June 24, 2028, base salary of $1,350,000 and target long-term incentive of $9,275,000 starting fiscal 2026.