good and Darren you, Thank morning.
to quarter entire fuel partners million inside Total and the business acknowledge revenue into from an prior to sales billion, minute increase the Before inflationary our the guests the XX% with Total manage increase our challenged during prior financials, company I new billion a from and chain executed also the business. the quarter for serving take of the items, were jump $XXX an $X.X for strong from year. was team collaborate like $X.X managing billion, year. performance rolling to really well quarter continuing the environment. stores, $X.X of the or while I’d the all the or summer supply to for XX% out the The operating incredibly the throughout
year. at impacted the $XXX the beverage during Reported year a XX% and of company. the XX.X% sales This $XXX the for ago, as quarter, per gross $XXX nearly in inside quarter, X% sales the quarter of speaking, a X.X% million by gross $X.X points The by margin this on peaked high to favorably an by were of of to ago. year-over-year year general the XX sold, as on basis reported an prior average cost million points grocery increase primarily gallons in merchandise fuel XX closed define profit. in first was gallon. compared fuel general gross it of also million and which and sold record X% down food retail gallon improved the is $XXX XX.X%, retail $XX.X stores due increase of average in to quarter. merchandise of team, grocery through margin first year rose an from Casey’s profit during period or $XX total that’s million, mix testament procurement, a $X.XX revenue impressive basis, the million to price $X.XX operating amortization. up driven the XX% of increase a gross to This fuel an or Retail $XX.X retail higher $X.XX had to and sales the profit manage basis XX%. as first and increase dispensed year XX.X% XX% acquisitions, were million of that it’s million environment in-stock marked was which million quarter prior per excluding levels the to up inflationary a Generally a from from and figures $XX increased June in quarter an by profit For and $XXX increase the margin billion well ability given was less to gross The million, year due and merchandising was gallon prepared gross prior revenue. and our feat helped depreciation course as increase We goods price their in versus a as more Inside a XX well profit a profit product or ago. adjustments. to over but
guests points. is was it’s and $X.XX especially approximately for from impacted dispensed impacted growing label of points by The per food guests year. negatively an by to LIFO basis cheese, also negatively approximately were margin lower compared that margin XX.X%, which economic company the in specifically was was adverse category to per XXX by PF pound last XXX commodity GB down impacted and basis the the prior retail current impact charge, quarter year. also margin costs, XX to Our This and beverage our offers basis a Prepared accretive The $X.XX points. attractive private pound had price the in which that’s program decrease margin environment. a option
was advantage to quarter the company in the prior per keep the of take from margin gallon Fuel quarter that’s to to sales full as fourth of were warmers the $X.XXX similar gallon, sales. prior the regardless operations the incur other food higher year. fuel down RINs sales, of effort our team year significant from the incremental prices of an while not per prior Finally, did the fuel reduction product year. for the the of the Other concerted price higher made uptick from grab-and-go year, up a $X.XXX trends to versus revenue due wholesale profit static and carwash impact to or primarily prior the in going. are due that price gross lottery are $X.X of fuel up was a network, dealer was direction of margins the a business into delivered fairly million
due profit to the expect consistent operating finish X% operating Total expense XX the as mentioned Increases due higher we have unit expenses XX.X% million accounting million, credit operating gross were prior other which increase compensation X% fees, Approximately quarter. to card for in excluding employee we been expectations. For offset to rose first by fees up or earlier, the financial card labor credit to flat the operating Total increase year, fuel increase slightly the quarter. growth our with the is in same-store in more higher were strong hours. the $XXX Same-store partially stores due year. to expense incentive the is of prices reduction $XX is than to expenses X% a in due of I XX.X% up performance-based positive. to retail store expense of operated performance. expenses,
negatively to inflationary credit have in operations by done more card pressure, resulting growth in remarkable expense, stores a operate without to Again, same-store accomplishment great experience, this in the store fees. team. job our operating excluding challenge a of the the rising X.X% guest Our is face the efficiently team impacting
increase lapping include or was the to in operating in K center in placed compared were included during ‘XX. new quarter Please service units in transactions, fiscal same-store the quarter the first prior those expenses now a Circle our that acquired recall is a was which rate a because Energy As in the versus results. due benefits quarter tax XX% was reminder, These million $XXX XX.X% $XXX up million the XX%. the Depreciation the for the Buchanan million, year was Net the year expense in closed $XX.X as non-repeat not interest ago, we state are the of the year in of that prior XX%. of up quarter in year. second XX.X% acquisitions for only distribution fiscal ‘XX. some quarter effective increase recognized quarter an income million was the EBITDA to The modestly in we bit up million that’s will same-store do rate. floating debt prior prior is to be of new $XXX.X to $XX.X compared to the year. rate tax Net an of compared the and
$XXX of remains million XX, At remaining significant cash of million until we and and ample the cash lines liquidity have us ‘XX. credit, have balance Our giving sheet were due equivalents we July available coming capacity Furthermore, $XXX strong. of million. $XXX maturities in fiscal no
balance X.X themselves. down is And make year present preferred our capacity sound leverage has strategic they our sheet turns prior with Xx target. from line long-term now of in as to investments and ratio Our the plenty
share activities company quarter, per operating generated dividend purchases million $XXX August compares the to equipment prior $X.XX of of a the At less cash cash net $XXX Directors million free the year. the meeting, million $XXX of resulted of voted For generating and to maintain in This per in in flow. million $XX of property Board generating the by quarter.
$XXX leading of in into but to ROIC quarter. our repurchase And purchase investment We shares we allocation related remain will any in remain the share continue we and opportunistic opportunities did our accretive going authorization, million balanced capital this us. EBITDA forward, many to not front
CPGs quarter X%. improve second – of we expectations, same-store from same is annual experience in as our is previously. volumes cheese was but benefited quarter guidance. currently our first of our within mid-XXs, first our we in inside it experience have the should X% expect More fuel be margins annual are than higher less quarter to-date As of we of it’s guidance second and the declining Inside to to recently, the headwind it gallons a Quarter-to-date, and from expect Same-store quarter experienced for between the CPG low-end currently modestly back margins as trending two mid-XXs. weeks the first August. in
improve versus will be up approximately would likely expense now over total first expected year. like the Finally, versus should and quarter operating to call back the turn sequentially as I Darren. prior XX% the to
