Casey’s profit slips in Q1 but beats Street
Ankeny, Iowa — C-store operator Casey’s General Stores Inc. reported Monday a profit of $39 million in the quarter ended July 31, compared with a profit of $39.4 million last year.
Results beat Wall Street expectations, although flat revenue of $1.87 billion missed forecasts of $1.93 billion in sales.
During the quarter, Casey’s completed 26 major remodels, and told Wall Street it would continue its remodeling program in fiscal 2013. President and CEO Robert J. Myers said the plan is to increase store counts by 4% to 6% annually. “We still expect to meet this goal by the end of the fiscal year,” said Myers.
Casey’s said it has 18 new stores under construction and 27 stores under written agreement to purchase.
McDonald’s global same-store sales rise 3.7% in August
Oak Brook, Ill. — McDonald’s Corp. reported Tuesday that same-store sales overall increased 3.7% in the month of August.
By segment, same-store sales rose 3% in the U.S., 3.1% in Europe, and a hearty 5.7% in Asia/Pacific, Middle East and Africa.
Systemwide sales for the month increased 1.2%.
Walmex same-store sales rose 4.1% in August, beating Street
Mexico City — Wal-Mart Stores’ Mexican arm Wal-Mart de Mexico reported Monday that same-store sales for the month of August rose 4.1%, beating analysts’ expected 2.8% increase.
The retailer, which is being investigated for bribery to expedite store openings, projects improved results for the second half of the year.