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CASEY'S REPORTS RECORD FIRST QUARTER EARNINGS, UP 15.7 PERCENT; CUSTOMER COUNT RISES NEARLY 4.5 PERCENT; BOARD DECLARES DIVIDEND

 ANKENY, Iowa, Aug. 31 /PRNewswire/ -- Casey's General Stores Inc. (NASDAQ: CASY) saw earnings and sales advance to record levels in the first quarter of the 1994 fiscal year.
 Chairman and Chief Executive Officer Donald F. Lamberti said earnings of the Iowa-based convenience-store chain for the three months ended July 31 were up 15.7 percent, reaching $4.8 million, or 43 cents a share, compared to $4.1 million, or 37 cents a share in the year-earlier period. Sales were at an all-time record, reaching $193.7 million, up 9.2 percent over year-earlier quarterly sales of $177.3 million.
 The Casey's board of directors declared a quarterly dividend of 3.75 cents a share of common stock, payable Nov. 15 to shareholders of record Nov. 1.
 "Our store customer counts were up nearly 4.5 percent in the first quarter," Lamberti pointed out. Casey's sold a record number of pizzas and donuts at special prices during the company's June-July 25th anniversary celebration.
 Nine new stores were opened in the quarter, bringing the total to 835, including 647 corporate-owned outlets and 188 franchise stores. Casey's is on target to reach its goal of opening 50 to 55 new stores in the current fiscal year, said Lamberti.
 Casey's annual shareholders' meeting is scheduled for 10 a.m., Friday, Sept. 17, at the corporate headquarters, One Convenience Blvd., Ankeny. Shareholders are scheduled to vote on the election of eight directors to one-year terms, including the addition to the board of John P. Taylor, chairman and chief executive officer of Taylor Ball, a Des Moines-based general construction contractor.
 -0- 8/31/93
 /CONTACT: Doug Shull of Casey's General Stores, 515-965-6106/
 (CASY)


CO: Casey's General Stores Inc. ST: Iowa IN: FOD SU: ERN DIV

MC -- DV004 -- 7371 08/31/93 09:06 EDT
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Publication:PR Newswire
Date:Aug 31, 1993
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