Casey's General Stores Reports Strong Q1 Earnings Driven by Higher Fuel Prices and Sales Growth
Casey's General Stores (CASY) reported strong first-quarter earnings for fiscal year 2027, with total revenue reaching $5.68 billion—a 24.3% increase driven primarily by higher retail fuel prices and increased inside sales. The company’s diluted EPS rose to $7.37, up 27.7%, while net income grew 27.1% year-over-year to $273.7 million. EBITDA also improved significantly at $485.1 million, reflecting the performance of its convenience store model. Inside same-store sales increased by 3.2%, with prepared food and dispensed beverages leading growth. Fuel margin rose to 47.8 cents per gallon due to global petroleum market volatility. The company also reported strong liquidity at $1.4 billion as it continues investing in store remodels, new construction, and acquisitions. Despite some headwinds from credit card fees and labor costs, Casey's maintained its full-year guidance for EBITDA growth of 8%–10%. CEO Darren Rebelez highlighted the success of remodeled stores in boosting sales performance.
Tickers: $CASY
Topics: diluted_eps ebitda net_income revenue same-store_sales