Casey’s General Stores (NASDAQ:CASY) reported first-quarter earnings and revenue that exceeded analyst expectations on Monday, bolstered by stronger in-store performance, while reaffirming its outlook for the fiscal year.
Shares of the U.S. convenience store chain fell 1% in premarket trading Tuesday.
For the first quarter, Casey’s posted earnings of $5.77 per share, surpassing the consensus estimate of $5.03, on revenue of $4.58 billion compared with expectations of $4.48 billion.
For fiscal 2026, the company maintained its guidance of 10% to 12% EBITDA growth, same-store sales growth of 2% to 5% in its stores, and flat to 1% growth in same-store fuel gallons sold. Casey’s plans to open at least 80 new locations during the year.
“Our inside same-store sales were driven by positive traffic growth due to our summer merchandising plan,” said CEO Darren Rebelez.
Inside gross margins for the quarter came in at 41.9%, above the consensus forecast of 41.2%.
“Casey’s reported a solid start to F26, supported by better inside margins and strong LSD% gallon growth,” BMO Capital Markets analysts noted. They added that the unchanged guidance “was expected for F1Q regardless of strong results.”
Separately, analysts at Gordon Haskett commented that “the significant earnings upside was largely SG&A and top-line driven, with both fuel and inside margins coming in mostly in-line, while overall gross margins missed due to YOY softness in the company’s Other Revenue Segment.”
Casey’s General Stores stock price
This content is for informational purposes only and does not constitute financial, investment, or other professional advice. It should not be considered a recommendation to buy or sell any securities or financial instruments. All investments involve risk, including the potential loss of principal. Past performance is not indicative of future results. You should conduct your own research and consult with a qualified financial advisor before making any investment decisions.