U.S. stocks move: Caseys General Stores (CASY.US) plummets over 15% as first-quarter same-store sales growth falls short of expectations

智通财经APP has learned that on Wednesday, Caseys General Stores (CASY.US) saw its shares plunge more than 15% in early trading, accumulating a 32% drop from the historical high in June, currently priced at $622.54. In terms of news, the company's same-store sales growth slowed in the first fiscal quarter, falling short of Wall Street expectations, although both its profit and revenue exceeded forecasts. On Tuesday evening, the company stated that for the quarter ending in July, in-store same-store sales increased by 3.2% year-on-year, compared to a 4.3% increase in the same period last year. The consensus expectation from FactSet surveys was for a growth of 4.1%. Same-store sales growth for groceries and general merchandise slowed from 3.8% to 2.7%.