USA: Casey's posts rise in Q1 net income
US convenience store operator Casey's General Stores has posted a 13% rise in first-quarter net income due to increases in sales of prepared foods, groceries and petrol.
The Ankeny, Iowa-based company reported net income of $13.8m for the first quarter to 31 July, compared to $12.2m a year earlier.
First-quarter revenue increased 11% to $609.9m from $551.2m a year earlier.
Sales of grocery and other merchandise rose 3% to $187.9m, while sales of prepared foods increased 8.7% to $47.4m, reported Dow Jones News Service.
- Unilever 2016 investor day - the top takeaways
- Have food promotions reached tipping point?
- Quorn CEO sets out stall for 2017 - interview
- Mondelez goes beyond certified cocoa - analysis
- What Premier CEO Gavin Darby thinks about Brexit
- Nestle unveils process to cut sugar by 40%
- Putin 'wants embargo to run as long as possible'
- Unilever sets new margin target with help from ZBB
- Unilever focuses on "value" of spreads arm
- McCormick to buy flavours business Enrico Giotti