Casey's General Stores (CASY) Revenue — Quarter Ended Jul 31, 2023
Revenue for the quarter rose compared to the immediately preceding period, reversing a decline seen in the prior quarter. However, revenue fell compared to the same quarter one year earlier, marking a year-over-year decrease.
Key takeaway
Quarter ended Jul 31, 2023 · FY2024 Q1
Revenue for the quarter rose compared to the immediately preceding period, reversing a decline seen in the prior quarter. However, revenue fell compared to the same quarter one year earlier, marking a year-over-year decrease.
Financial snapshot
Reported revenue, sequential change, year-over-year change, and trailing four-quarter revenue.
Quarter revenue
$3.9B
Revenue reported for this quarter.
Quarter-over-quarter
+16.2%
Change from the immediately preceding quarter.
Year-over-year
-13.1%
Change from the comparable year-ago quarter.
Trailing four quarters
$14.5B
Sum of the latest four reported quarters.
Quarterly revenue trend
The latest four reported quarters with year-over-year comparisons.
| Period ended | Revenue | Year-over-year change |
|---|---|---|
| Oct 31, 2022 | $4B | +21.9% |
| Jan 31, 2023 | $3.3B | +9.3% |
| Apr 30, 2023 | $3.3B | -3.8% |
| Jul 31, 2023 | $3.9B | -13.1% |
Revenue performance
The sequential increase reflects a rebound from the prior quarter's contraction, while the annual comparison shows a decline from the same period last year.
Quarterly comparison
Compared with the preceding quarter, revenue improved significantly. In contrast, when measured against the same quarter a year ago, revenue was lower.
What to watch
The company's filing noted an increase in inventory quantities on hand, which may affect future cash flows.