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CASEY'S REPORTS RECORD SALES AND EARNINGS; NEW-STORE CONSTRUCTION PLANS EDGE HIGHER; DIVIDEND DECLARED

 ANKENY, Iowa, March 2 /PRNewswire/ -- Continuing a string of record performances, Casey's General Stores, Inc. (NASDAQ: CASY) today reported all-time high earnings and sales for both the nine months and the third quarter of the 1993 fiscal year ended Jan. 31, it was announced by Chairman and CEO Donald F. Lamberti.
 For the nine months, Casey's earnings reached a record $11.7 million, or $1.05 a share, up 15.1 percent over last year's earnings of $10.2 million, or 92 cents a share. Sales advanced to $511.5 million, a 10.7 percent increase over year-earlier sales of $462.1 million.
 Earnings in the third quarter of $3.1 million, or 28 cents a share, were up 17.4 percent over last year's quarterly earnings of $2.7 million, or 24 cents a share. Sales totaled $158.3 million, up 12.1 percent over year-ago quarterly sales of $141.3 million.
 Lamberti said Casey's new and remodeled stores continue to attract more customers. Almost without exception, sales at newer stores open less than a year are exceeding expectations.
 "There's a lot of opportunity for continued growth," he added. "As a result, we have raised new-store projections for fiscal 1994 by 10 percent, from 50 to 55 stores."
 Casey's is preparing to launch a major promotional effort to commemorate the company's 25th anniversary in 1993. The promotion, which will peak in the June-July period, will include special tie-in merchandising opportunities with major suppliers.
 Casey's ended the third quarter with 818 stores in its eight-state market territory, including 627 corporate-owned and 191 franchise outlets. This is an increase of 26 stores since the end of last year's third quarter.
 The company's board of directors declared a regular quarterly dividend of 3 cents a share on common stock, payable May 17 to shareholders of record May 3.
 -0- 3/2/93
 /CONTACT: Doug Shull of Casey's General Stores, 515-965-6106/
 (CASY)


CO: Casey's General Stores, Inc. ST: Iowa IN: REA SU: ERN

PS -- NY009 -- 1781 03/02/93 09:02 EST
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Date:Mar 2, 1993
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