Casey's General Stores (CASY) reported earnings slightly ahead of expectations, while revenue missed estimates. The company also reaffirmed same store sales and margins guidance for 2020. Shares have briefly reacted positively to the report during an ugly trading day on March 9th, but has not been able to disconnect from the highly volatile trading environment in the following days.
While short-term scenario is quite uncertain at the time being, I remain confident in Casey’s business outlook in a longer time frame and, therefore, see the company as an interesting asset to hold over