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Casey’s Tops Q4 Estimates and Raises Dividend While Authorizing $1 Billion Buyback

Stronger prepared-food sales plus wider fuel margins raised profits, prompting higher shareholder returns.

Overview

  • The company reported fourth-quarter results after Tuesday’s close that beat expectations with diluted EPS of $4.37 versus a $3.32 consensus and revenue of $4.57 billion.
  • Casey’s fourth-quarter net income rose 65.5% to $162.7 million and quarterly EBITDA grew 33.2% to $350.3 million, driven by a 5.5% rise in inside same-store sales.
  • Fuel margins expanded to 46.9 cents per gallon from 37.6 cents a year earlier, substantially lifting fuel gross profit and supporting overall margin improvement.
  • The Board raised the quarterly dividend 14% to $0.65 and authorized a $1 billion share repurchase program, actions the company said reflect stronger cash generation.
  • Management issued fiscal 2027 guidance calling for EBITDA growth of 8%–10% and inside same-store sales growth of 2%–5%, and the stock moved higher in reaction with analysts revising targets.