In the near term, though, pricing might be too high, based onthe large margins many convenience-store owners are reaping fromgasoline sales. However, Walljasper said that he expects margins todrop to more historical levels next year.
During the quarter, which ended Dec. 4, Casey's benefited fromhigh gasoline margins, which pushed its profits in the category up61.4%, to $92 million. This occurred even as same-store gallonssold were down 1.6% from the same year-ago period.
Inside its stores, Casey's sales were much stronger. Same-storesales for prepared food and fountain drinks rose 10.6% and 11.2%for grocery items and other merchandise. During its first twoquarters, gross profit on inside-store sales rose 17.9%, to $272.4million.
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