Companies /Consumer Cyclical

Casey`s General Stores Inc

NASDAQ: CASY Specialty Retail
$607.45
▲ $18.45 (+3.13%) today
Markets closed · 4:51pm ET

Q1 2027 Earnings

Reported Sep 8, 2026, 4:29pm ET · SEC source
$7.37
Beat +8.09%
EPS · est. $6.82 GAAP
$5.7B
Beat +2.23%
Revenue · est. $5.6B
6 quarters
Consecutive EPS beats

Market Reaction

% change · around the report
−12%−6%0Sep 8Sep 9report 4:29pm ETearnings−0.4%−12.5%
−12%−6%0Sep 8Sep 9earnings−0.4%−12.5%
CASY −12.5%S&P 500 −0.4%
−12%−6%0Sep 8Sep 9report 4:29pm ETearnings−0.2%−12.5%
−12%−6%0Sep 8Sep 9earnings−0.2%−12.5%
CASY −12.5%NASDAQ −0.2%
−8%0+8%+16%Sep 8Sep 16report 4:29pm ETearnings−1.5%−10.7%
−8%0+8%+16%Sep 8Sep 16earnings−1.5%−10.7%
CASY −10.7%S&P 500 −1.5%
−8%0+8%+16%Sep 8Sep 16report 4:29pm ETearnings−1.8%−10.7%
−8%0+8%+16%Sep 8Sep 16earnings−1.8%−10.7%
CASY −10.7%NASDAQ −1.8%
−14.24%
Day of report
−0.22%
Next session
−6.36%
One week

Did CASY Beat Earnings? Q1 2027 Results

Casey's General Stores posted a standout fiscal first quarter for 2027, with GAAP diluted EPS of $7.37 beating the $6.82 Wall Street consensus by 8.09%, extending the convenience-store operator's streak of topping EPS estimates to five consecutive quarters. Revenue climbed 24.3% year over year to $5.68 billion, ahead of the $5.55 billion consensus by 2.23%, as net income rose 27.1% to $273.72 million. The single biggest driver of the outperformance was fuel, where gross profit jumped 19.6% to $446.93 million on margin expansion to 47.8 cents per gallon from 41.0 cents a year ago, even as same-store gallons dipped slightly. Inside the stores, same-store sales grew 3.2% with inside margin expanding to 42.2%, aided by strong whole pizza traffic and non-alcoholic beverage demand. Institutional interest in the stock remains elevated, with roughly 85.63% of shares held by institutions. Management reiterated its fiscal 2027 outlook, calling for EBITDA growth of 8% to 10% and at least 120 new store openings, with Fikes integration tracking ahead of schedule.

Key Takeaways
  • Prepared food same-store sales up 4.8%, driven by positive traffic and whole pizza demand
  • Grocery & general merchandise same-store sales up 2.7%, driven by non-alcoholic beverages
  • Fuel margin expanded to 47.8 cents per gallon from 41.0 cents per gallon year-over-year
  • Total fuel gross profit up 19.6% to $446.9 million
  • Inside margin expanded approximately 30 basis points to 42.2% from favorable mix shift and cost management
  • Store count increased by 64 stores year-over-year

“We are off to a great start on our three-year strategic plan, highlighted by a nearly 28% increase in diluted EPS. Guests are responding well to our compelling value proposition on our high-quality prepared food, especially in whole pies. On the fuel side, our team's robust capabilities helped us navigate a volatile environment and produced strong results. The operations team delivered an exceptional guest experience during our busiest quarter of the year. We accomplished all of this while running ahead of schedule on our integration of the Fikes acquisition.”

Casey's General Stores CEO, on the earnings call

Forward Guidance & Outlook

Casey's reiterated its fiscal 2027 outlook: inside same-store sales growth of 2% to 5% with inside margin above 42%; same-store fuel gallons sold of -1% to +1%; total operating expense growth of approximately 5% to 7%; EBITDA growth of 8% to 10% (implying 35% on a two-year stack at midpoint). The company expects to open at least 120 stores in fiscal 2027 through a mix of M&A and new store construction. Net interest expense is expected to be approximately $95 million, D&A approximately $490 million, capex approximately $800 million, and the tax rate approximately 24% to 26%.

CASY YoY Financials

Q1 2027 vs Q1 2026 · SEC filings Q1 2026 Q1 2027
$0$2.0B$4.0B$6.0B$4.6B$5.7BRevenue$1.0B$1.2BGross Profit$305.3M$369.1MOperating Income$215.4M$273.7MNet Income
$0$2.0B$4.0B$6.0BRevenueGross ProfitOperating IncomeNet Income

CASY Revenue by Segment

Fuel$3.7B+36.3%
Grocery & General Merchandise$1.3B+4.9%
Prepared Food & Dispensed Beverage$492.6M+7.4%
Other$176.0M+17.6%

Figures from SEC filings and company reports. Not investment advice.