- Casey's General Stores released its Q1 2022 results this week, reporting revenue of ~$3.18 million, a 21% increase from the year-ago period.
- The company saw margin improvement on inside sales, with a strong recovery in prepared food & dispensed beverages helped by higher traffic.
- However, while this was another solid quarter, I still don't see enough of a margin of safety for investors with the stock trading at ~24x FY2022 earnings estimates.
- So, while I believe the stock would get compelling if it fell closer to $174.00 where it has strong support, I believe there is better value elsewhere in the market currently.
For further details see:
Casey's General Stores: A Better Q1, But Not Enough Margin Of Safety