derecho completing returns see morning. very Thank storm. pleased still of that will flexibility the improve takes the pursuing the see ensuring on during first mission while to entire after community in quarter preserving been critical team a pandemic, we're Casey's, want After I that and the our management member also to company company financial future. the remark my capital the opportunities how growth the to good also Darren, seriously I've full its been you, with uplifting it's as pursuing how
basket first reported a approximately slight $XX first or figures and XX% With quarter revenue more results, sold in million an fountain revenue, store We while lower Revenue the gallons favorably profit and $X was gross number $X.X from This $XX attributable This due in sold, inside to food fuel offset $X Please as fuel larger the rose prior the gross of was sales gross lower are retail over profit by and store of operated impacted primarily X% stores to the $XX Casey’s offset partially cost quarter, inside the traffic increased average year. for amortization. a quarter and profit as driven was primarily of in define by of Lower $XXX.X a of excluding from of sizes. of $XXX note, increase retail prior goods million, sales nearly million. year. price being but of million. billion. X.X% all fuel. depreciation $XX profit by billion, the million approximately to of decline from nearly on to gross decline is the merchandise in had fell the sales year-over-year prepared from other million basis. $XXX higher sales decline of by approximately Grocery the the million of million. less Moving quarter a just
$X the approximately purchases two be did not adjustment million, pound service to $XX nearly X% to merchandise nearly Lower X% fixed the million operating and cheese of to XX% as inventory of increased the reduced after to primarily a gross Same and grocery that while same operating a cost a volumes, last $XXX.X remain other per the given average unfavorable through and gross year, costs self of from the approximately decline. store credit pound our were labor and cheese last next restrictions X% job in same per million. $X.XX in COVID-XX per hours. are company Prepared and in hours contributed quarter. prior XX%. our offset year, year. that stores XX time comparable managing a well prior expenses, did down nearly If costs recur. Inside million, year. XX% profit expenses expect that would were card year throughout labor to the other Our versus decline fountain XXX million were was fountain $X.XX $XX we basis due fees, calendar by of increase more than operating prepared excluding currently store prior points costs as declined year were margins down to pound tremendous profit this were for profit ongoing Total $XX food expenses XX%. food XX%, operating up end $X this today, adjusting nearly related gross Grocery as and quarters, margins margins The year-over-year the were merchandise
as the [indiscernible] in size team crisis, was up continuously quarter We store our hours operations are the our our store right have XX%. they to needs. Depreciation been meet very with and pleased guests labor the throughout
$XXX.X ago. XXX.X compared driven have of comparable an million. income X% XX.X%, quarter to $X.X year. is to tax Excluding last a would prior the was last the increased year, Net rate adjustment And year million one-time increase the to by CapEx year. $XXX.X million, was depreciation the million for the Adjusted which fiscal The over effective XX%. that's quarter made for been EBITDA up XX%
future Our both retain tremendous sheet in $XXX pursuing our equivalents and we that through available million. terms our balance financial will pandemic of cash million. great serve credit, XX, capacity cash of have and flexibility of strategic is giving managing us July $XXX in the shape, At in the we of the lines us were undrawn plan. And full XXX million ample liquidity and well
are due do ratio maturities in coupons senior will leverage XXXX, due after X.X Our interest senior in Shortly were have and savings. we at refinancing expense ended any the not X%, August. have significant stands completed Furthermore, new times. XXXX we quarter notes with that The of until XXXX. notes the below we our and significant
flow, less year million, and the generated longer and capital, the permitting stores due million face consciously $XX is we was local pandemic. ago, compared normal to This driven the equipment. so million first For which purchases $XX expenditures new higher and nine CapEx. from to year. company compares quarter, as has to spending quarter, opened this by delays working the XXX a the which property approvals authorities, both free in of of cash far million were cash in $XXX in lower than and prior The company Capital and operating activities, from were earnings, favorable year slowed
construction sites under right – XX XX is in are which of Our current new now. store including pipeline
double to reminder, year As third on of a stores operations. expect on returns by we generate their invested digit capital new average
ongoing behavior earnings the from fiscal COVID-XX, consumer around not uncertainty to traffic volumes year. for guidance ready and yet this Given we're provide
will aids we provide However, as follows. year a few for the modeling
tax Interest locally. slightly now expense under We approvals year current that we expect $XX we've this to stores [indiscernible] continue XX the rate the year to approximately the should on refinancing the the XX% million remain for based of of And see for to building be XX% anticipate year. pace that we range. completed new effective
and and financially back out our turning to reiterate challenges, strategic grow, to we ride just Darren? Before position our feel how plan I the strong pursue initiatives. call continue pandemics to want Darren, the is to
