Taxes: Good for Business?
Casey’s General Stores Inc. recently reported record first-quarter earnings, despite a 24% decline in revenue.
“Strong gas margins and enhanced profitability inside the stores were the primary reasons for the record quarter,” said president and CEO Robert J. Myers. “Lower retail fuel prices also brought about significant relief in our operating expenses.”
Great news. But the story isn’t about gas. What is most compelling is the following note reported by CSP editor Steve Holtz.