Casey’s General Stores Inc. reported a drop in earnings for the first quarter of its fiscal year, due primarily to changes in vesting provisions for its long-term stock incentive plan and increases to Illinois state tax rates, according to a release. Earnings were $1.46 per share for the quarter ended July 31, compared with $1.70 per share for the same quarter a year ago. Same-store sales in the categories of fuel, grocery and other merchandise, and prepared food and fountain operated within expected margins, with food and fountain missing expectations for sales growth but hitting the top end of the goal for profit margin within the category. The company's fiscal 2018 guidance was to build or acquire 80 to 120 stores, replace 30 existing locations and complete 75 major remodels. At the end of the first quarter, Casey’s had built and opened two stores, acquired three stores, and completed one replacement and 11 remodels. In addition, there were 47 new stores, 27 replacement stores and 16 major remodels under construction. Casey’s had 132 sites under agreement for new store construction and 18 acquisition stores under agreement to purchase.