$CASY · CASEYS GENERAL STORES INC
Casey's General Stores reported Q1 FY2027 results for the period ended July 31, 2026. Net income rose 27.1% to $273.7M, with diluted EPS of $7.37. EBITDA increased 17.1% to $485.1M. Inside same-store sales grew 3.2% (7.7% two-year stack) with inside margin of 42.2%. Fuel margin surged to 47.8 cents per gallon from 41.0¢, driving total fuel gross profit up 19.6% to $446.9M. The company repurchased $45.6M in shares and declared a $0.65 quarterly dividend. FY2027 guidance was reaffirmed.
- Diluted EPS of $7.37, up 27.7% YoY from $5.77.
- Fuel margin hit 47.8¢/gal vs 41.0¢ prior year, driving fuel gross profit up 19.6% to $446.9M.
- Inside same-store sales +3.2%, with prepared food & beverage same-store sales +4.8%.
- EBITDA of $485.1M, up 17.1% YoY; FY2027 guidance implies 35% two-year stack growth at midpoint.
- Share repurchases of $45.6M in Q1; $973M remaining on authorization.
Stock closed regular session at $733.49, down 2.99% on the day, and is down 1.63% since filing at $745.63. The after-hours session has not yet reflected the strong EPS beat and fuel margin outperformance, which could reverse the day's broader-market-driven decline.
A 27.7% EPS surge with fuel margins at multi-year highs and the Fikes acquisition integrating faster than planned makes this a standout quarter for the $27B c-store chain.
Casey's 47.8¢ fuel margin significantly outpaces typical c-store peers, reflecting its rural-market pricing power. The Fikes acquisition integration running ahead of schedule strengthens its position as the third-largest convenience store chain in the U.S.
Operating expenses rose 8.0%, with same-store opex ex-credit-card fees up 5.0%, driven by labor rates and insurance costs. Fuel same-store gallons sold declined 0.3%, and sustained volume weakness could pressure the top line despite strong margins.
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