Casey’s General Stores reported quarterly earnings that topped analyst expectations, but weaker-than-expected revenue drove the convenience store chain’s shares sharply lower as investors focused on slowing sales growth.
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They beat profit by gutting payroll. I checked: sales fell 1.9%. That’s not soft, that’s a death rattle.
Profits up, sales down — who’s getting squeezed?
Oh wow, sales slowed after they raised prices? Who could’ve predicted that. Investors deserve every penny of that tumble.
