Casey`s General Stores Inc
Q1 2026 Earnings
Market Reaction
S&P 500 over the same 30 days: +3.20%.
Did CASY Beat Earnings? Q1 2026 Results
Casey's General Stores posted a standout fiscal first quarter for 2026, with diluted EPS of $5.77 beating the $5.06 consensus estimate by 13.95% and revenue of $4.57 billion topping expectations by 1.95% while growing 11.4% year over year. The results were driven in large part by a 221-store expansion versus the prior year alongside accelerating inside same-store sales growth of 4.3%, nearly double the 2.3% pace recorded a year ago, fueled by strong demand for prepared foods and dispensed beverages. Net income climbed 19.5% to $215.35 million, while EBITDA reached $414.27 million, up 19.8%, reflecting both the scale benefits of a larger store network and a 20-basis-point improvement in inside margin to 41.9%. The fuel segment added to the momentum, with total fuel gallons sold rising 18.0% and margin expanding to 41.0 cents per gallon. Looking ahead, Casey's reiterated its fiscal 2026 guidance, targeting EBITDA growth of 10% to 12% and at least 80 new store openings as it works toward approximately 500 stores under its three-year strategic plan.
- Inside same-store sales increased 4.3%, driven by positive traffic growth and summer merchandising plan
- Prepared food and dispensed beverage same-store sales up 5.6%
- Grocery and general merchandise same-store sales up 3.8%
- Same-store fuel gallons up 1.7% with fuel margin of 41.0 cents per gallon
- Operating 221 more stores than prior year contributed to revenue growth
- Favorable product mix shift drove 20 basis point improvement in inside margin to 41.9%
- 1% reduction in same-store labor hours helped contain operating expense growth
“Casey's delivered an excellent first quarter highlighted by strong sales growth both inside and outside the store. Our inside same-store sales were driven by positive traffic growth due to our summer merchandising plan as well as our team's outstanding execution, demonstrating our ability to serve our guests efficiently at a high level. Our fuel team did a tremendous job achieving same-store gallon growth while maintaining a healthy fuel margin. Overall, robust same-store sales combined with operating over 200 more stores than the prior year has led to outstanding financial results across the business.”
Casey's General Stores CEO, on the earnings call
Forward Guidance & Outlook
Casey's reiterated its fiscal 2026 outlook: EBITDA expected to increase 10% to 12%; inside same-store sales growth of 2% to 5% with inside margin of approximately 41%; same-store fuel gallons sold between negative 1% and positive 1%; total operating expenses expected to increase approximately 8% to 10%; at least 80 new store openings bringing the three-year strategic plan total to approximately 500 stores; net interest expense of approximately $110 million; depreciation and amortization of approximately $450 million; capital expenditures of approximately $600 million; and an effective tax rate of approximately 24% to 26%.
CASY YoY Financials
CASY Revenue by Segment
Figures from SEC filings and company reports. Not investment advice.