NASDAQ:CASY

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Casey’s Stock Falls 8% Premarket Despite Strong Q1 Earnings as Cost Growth Weighs

Casey’s General Stores (NASDAQ: CASY) shares fell about 8% in premarket trading Wednesday despite reporting strong fiscal first-quarter earnings growth, as investors focused on rising operating costs and unchanged full-year guidance.

For the quarter ended July 31, diluted EPS jumped 27.7% year over year to $7.37, while net income increased 27.1% to $273.7 million. EBITDA rose 17.1% to $485.1 million.

Inside same-store sales increased 3.2%, supported by a 4.8% increase in prepared food and dispensed beverage sales. Inside gross profit climbed 6.3% to $749.8 million, with margin improving to 42.2%.

Fuel was another major earnings contributor. Although same-store gallons declined 0.3%, fuel margin increased to 47.8 cents per gallon from 41 cents a year earlier, helping total fuel gross profit surge 19.6% to $446.9 million.

The weaker point was expenses. Operating expenses increased 8% to $754.1 million, while same-store operating expenses excluding credit-card fees rose 5%. Higher labor rates, insurance costs, credit-card fees and a larger store base contributed to the increase.

Casey’s also left its fiscal 2027 outlook unchanged despite the strong quarter. The company continues to expect EBITDA growth of 8% to 10%, inside same-store sales growth of 2% to 5% and operating expense growth of roughly 5% to 7%.

The 8% premarket decline suggests investors were looking for stronger guidance or greater operating leverage following the company’s strong first-quarter performance.
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Author
European Investor 09-09-26
Casey's General Stores (CASY) Stock Rises After Northcoast Research Upgrades Shares to Buy

Casey's General Stores (NASDAQ: CASY) shares climbed nearly 4% after Northcoast Research upgraded the convenience store operator to Buy from Neutral and set a $950 price target.

The upgrade reflects improving confidence in Casey's growth outlook as the company continues to benefit from resilient in-store traffic, solid fuel margins, and steady expansion through new store openings and acquisitions. Investors have also remained optimistic about Casey's ability to grow prepared food and beverage sales, one of its highest-margin business segments.

Casey's has delivered consistent financial performance despite a challenging consumer environment, supported by its broad rural footprint and diversified revenue streams across fuel, grocery, and prepared food offerings.

Key factors supporting the stock include:

* Northcoast Research upgraded the stock to Buy from Neutral.
* The firm established a $950 price target.
* Investors remain constructive on Casey's long-term growth strategy, including store expansion and acquisitions.
* Strong prepared food sales and resilient fuel operations continue to support earnings growth.

The analyst upgrade reinforced positive sentiment surrounding Casey's long-term outlook, helping lift the shares during the trading session.
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Author
WS Investor 07-13-26
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.
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Author
The Investor 06-10-26
Casey’s Reports Record Fiscal Year 2025 Results; Boosts Dividend and Eyes Continued Growth

ANKENY, Iowa – June 9, 2025 – Casey’s General Stores, Inc. (NASDAQ: CASY) announced strong fourth quarter and full-year results for fiscal 2025, highlighted by record net income, accelerated store expansion, and increased shareholder returns.

Q4 2025 Highlights:

Diluted EPS: $2.63, up 12.4% YoY

Net Income: $98.3 million, up 13.0%

EBITDA: $263.0 million, up 20.1%

Inside same-store sales: up 1.7%, with a 41.2% margin

Fuel gross profit: up 21.4% to $307.8 million

Dividend: Raised 14% to $0.57/share, marking 26 consecutive years of increases

Fiscal Year 2025 Results:

Diluted EPS: $14.64, up 9.0%

Net Income: $546.5 million, up 8.9%

EBITDA: $1.2 billion, up 13.3%

Store Growth: 270 new or acquired locations – the largest expansion in company history

Rewards Members: Surpassed 9 million

CEO Darren Rebelez credited the results to execution of Casey’s strategic plan, noting strong food and beverage performance and margin strength in fuel operations. Despite rising operating costs, same-store labor hours declined for the 12th consecutive quarter.

Outlook for Fiscal 2026:

EBITDA growth: 10%–12%

Inside same-store sales growth: 2%–5%

Fuel same-store gallons: −1% to +1%

New store openings: At least 80

CapEx: ~$600 million

Tax rate: 24%–26%
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M
ME NEWS 06-10-25
Casey’s General Stores, Inc. (NASDAQ: CASY) – Q3 2025 Earnings Summary
Date: March 11, 2025
Location: Ankeny, IA

Key Highlights (Q3 2025 vs. Q3 2024)
✔ Revenue: $3.90 billion, up from $3.33 billion (+17.2%)
✔ Net Income: $87.1 million, flat compared to $86.9 million
✔ Diluted EPS: $2.33, unchanged from prior year
✔ EBITDA: $242.4 million, up 11.4% from $217.6 million

Operational Performance
Inside Store Sales & Margins
✔ Inside same-store sales: +3.7% YoY
✔ Total inside sales: $1.4 billion, up 15.3%
✔ Inside margin: 40.9% (-0.4% YoY)
✔ Prepared Food & Beverages: +4.7% same-store sales growth
✔ Grocery & General Merchandise: +3.3% same-store sales growth

Fuel Sales & Margins
✔ Total fuel gallons sold: 829.8 million, up 20.4%
✔ Same-store fuel gallons: +1.8% YoY
✔ Fuel margin: 36.4 cents per gallon, down from 37.3 cents

Operating Expenses & Expansion
✔ Operating expenses: $670.2 million, up 18%
✔ Store growth: +235 new stores (21 newly built, 228 acquired, 14 closed)
✔ Same-store labor hours: Reduced for the 11th consecutive quarter

Financial Position & Capital Allocation
✔ Liquidity: $1.3 billion (includes $395M cash, $900M credit)
✔ CapEx Forecast: $500 million in fiscal 2025
✔ Debt: $2.44 billion, up due to Fikes acquisition
✔ Dividend: $0.50/share, payable May 15, 2025
✔ Share repurchase: No buybacks this quarter; $295 million authorization remains

Fiscal 2025 Updated Guidance
✔ EBITDA: Expected +11% growth
✔ Same-store inside sales: +3% to +5%
✔ Same-store fuel gallons: -1% to +1%
✔ Operating expenses: +11% to +13% (including $25-$30M in Fikes deal costs)
✔ Tax rate: 23%-25%

CEO Comments – Darren Rebelez
???? "Casey's delivered an excellent third quarter with strong inside and fuel sales. Our prepared food and dispensed beverages category, especially hot sandwiches and bakery, saw strong demand. We also achieved 1.8% same-store gallon growth in fuel, while adding significant store count through acquisitions, notably Fikes."

Investor Call Information
Date: March 12, 2025
Time: 7:30 AM CDT
???? Webcast: Casey's Investor Relations

Bottom Line
???? Casey’s is sustaining strong growth in inside sales and fuel while efficiently managing costs.
???? Fikes acquisition boosts store count but impacts margins and costs in the short term.
???? Expansion strategy remains aggressive, with EBITDA growth forecasted at 11% for FY2025.
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M
ME NEWS 03-12-25
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