The Investor
10 Jun 2026, 09:44
Casey’s Gains in Premarket After Record Earnings, Dividend Hike and Strong Fiscal 2027 Outlook
Casey’s General Stores (NASDAQ: CASY) rose about 1.8% in premarket trading after reporting record fourth-quarter and fiscal 2026 results that highlighted strong consumer demand, expanding fuel profitability and continued growth across its convenience store network.
The company delivered fourth-quarter diluted earnings per share of $4.37, a 66% increase from a year earlier, while net income surged 65.5% to $162.7 million. EBITDA climbed 33.2% to $350.3 million as Casey’s benefited from strong sales momentum in both its merchandise and fuel businesses.
A key driver of the quarter was the company’s inside sales performance. Same-store inside sales increased 5.5%, led by strong demand for prepared foods, pizzas, appetizers and non-alcoholic beverages. Inside gross profit rose more than 10% to $643.4 million, while margins expanded to 42.4%, reflecting effective cost management and improved product mix.
Fuel operations also delivered impressive results. Same-store fuel gallons sold increased 1.5%, while fuel gross profit jumped 29.1% to $397.4 million. Fuel margins reached 46.9 cents per gallon, helping drive another quarter of strong cash generation.
For the full fiscal year, Casey’s reported record net income of $714.4 million and diluted EPS of $19.16, increases of roughly 31% from the prior year. The company also generated nearly $1.5 billion in EBITDA and expanded its Casey’s Rewards loyalty program to almost 10.5 million members.
Investors were further encouraged by shareholder-friendly capital allocation initiatives. Casey’s announced a 14% increase in its quarterly dividend, marking its 27th consecutive year of dividend growth, while also expanding its share repurchase authorization to $1 billion.
Looking ahead, management expects fiscal 2027 EBITDA growth of 8% to 10%, inside same-store sales growth of 2% to 5%, and plans to open at least 120 new stores through acquisitions and new construction. The combination of strong operating momentum, continued expansion and rising shareholder returns appears to be supporting the stock’s gains in premarket trading.
Casey’s General Stores (NASDAQ: CASY) rose about 1.8% in premarket trading after reporting record fourth-quarter and fiscal 2026 results that highlighted strong consumer demand, expanding fuel profitability and continued growth across its convenience store network.
The company delivered fourth-quarter diluted earnings per share of $4.37, a 66% increase from a year earlier, while net income surged 65.5% to $162.7 million. EBITDA climbed 33.2% to $350.3 million as Casey’s benefited from strong sales momentum in both its merchandise and fuel businesses.
A key driver of the quarter was the company’s inside sales performance. Same-store inside sales increased 5.5%, led by strong demand for prepared foods, pizzas, appetizers and non-alcoholic beverages. Inside gross profit rose more than 10% to $643.4 million, while margins expanded to 42.4%, reflecting effective cost management and improved product mix.
Fuel operations also delivered impressive results. Same-store fuel gallons sold increased 1.5%, while fuel gross profit jumped 29.1% to $397.4 million. Fuel margins reached 46.9 cents per gallon, helping drive another quarter of strong cash generation.
For the full fiscal year, Casey’s reported record net income of $714.4 million and diluted EPS of $19.16, increases of roughly 31% from the prior year. The company also generated nearly $1.5 billion in EBITDA and expanded its Casey’s Rewards loyalty program to almost 10.5 million members.
Investors were further encouraged by shareholder-friendly capital allocation initiatives. Casey’s announced a 14% increase in its quarterly dividend, marking its 27th consecutive year of dividend growth, while also expanding its share repurchase authorization to $1 billion.
Looking ahead, management expects fiscal 2027 EBITDA growth of 8% to 10%, inside same-store sales growth of 2% to 5%, and plans to open at least 120 new stores through acquisitions and new construction. The combination of strong operating momentum, continued expansion and rising shareholder returns appears to be supporting the stock’s gains in premarket trading.