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Casey’s Tops Q1 Estimates as Inside Sales and Fuel Lift Results

The beat reflects stronger inside sales with firm fuel margins.

Overview

  • Earnings per share came in at $5.77 versus the $5.07 consensus, with revenue of $4.56 billion beating expectations of $4.47 billion.
  • Inside same-store sales rose 4.3% year over year, up 6.7% on a two-year basis, and the inside margin reached 41.9%, lifting total inside gross profit 14.8% to $705.5 million.
  • Same-store fuel gallons increased 1.7% while fuel margin was 41.0 cents per gallon, driving an 18.8% rise in total fuel gross profit to $373.6 million.
  • Net income grew 19.5% to $215.4 million and EBITDA increased 19.8% to $414.3 million.
  • Shares were down 0.86% to $517 in extended trading as management reaffirmed its FY26 outlook for 10%–12% EBITDA growth, 2%–5% inside same-store sales, roughly 41% inside margin, and at least 80 new store openings.