Quick Summary
- Shares of Casey’s rallied 15% on Wednesday, reaching $877 following better-than-anticipated quarterly results
- Earnings per share reached $4.37 compared to Wall Street’s forecast of $3.31; total revenue climbed to $4.57B against $4.33B projections
- Fuel segment gross profit jumped 29% to reach $397.4 million, significantly exceeding the $331M analyst projection
- Comparable store sales increased 5.5%, surpassing the anticipated 4.9%, with food serviceâespecially pizzaâleading growth
- The company boosted its quarterly dividend payment by 14% to 65 cents per share and projected EBITDA expansion of 8%â10% for fiscal 2027
Shares of Casey’s General Stores (CASY) climbed 15% to reach $877 during Wednesday’s trading session, positioning the convenience retailer among the S&P 500’s top performers following an impressive fiscal fourth quarter report released Tuesday after market close.
Casey’s General Stores, Inc., CASY
Earnings per share landed at $4.37, representing a 66% year-over-year increase and substantially exceeding Wall Street’s $3.31 projection. Total revenue expanded 14% to reach $4.57 billion, surpassing the consensus estimate of $4.33 billion.
The shares have now appreciated 59% throughout 2026 and are approaching the all-time closing record of $888.36 established on May 13.
The fuel segment delivered the most impressive performance. Overall fuel gross profit surged 29% to $397.4 millionâwell above analysts’ $331 million projection. Fuel margin reached 46.9 cents per gallon compared to the anticipated 39.41 cents.
Gasoline costs have accelerated significantly this year. The national average for regular unleaded currently sits at $4.16 per gallon, representing approximately a 46% increase from the $2.84 level at year’s beginning. Following the onset of the U.S.-Iran conflict in late February, the per-gallon average has climbed 39%.
Strong Performance Across Fuel and Food Segments
Chief Executive Officer Darren Rebelez praised the fuel division for successfully managing the relationship between sales volume and profit margins. Across the complete fiscal year, fuel gross profit expanded 21%.
Comparable store salesâwhen fuel is excludedâgrew 5.5% during Q4, exceeding the 4.9% forecast. Pizza offerings were highlighted as a significant growth catalyst.
Throughout fiscal 2026, Casey’s expanded full-year revenue by 10.7% while earnings jumped 30.9% to $19.16 per share.
KeyBanc analyst Bradley Thomas observed that the results “point to continued momentum with the business.”
What Guidance Looks Like for Fiscal 2027
Looking toward the upcoming year, Casey’s projected comparable store sales growth (excluding fuel) of 2% to 5%, with inside margins expected to remain above 42%. The company anticipates fuel gallon volumes will range from flat to a 1% decline.
EBITDA is projected to expand between 8% and 10%. Current Wall Street models anticipate 9% revenue growth for fiscal 2027.
Casey’s additionally increased its quarterly dividend distribution by 14% to 65 cents per share, scheduled for payment on August 14 to shareholders of record as of August 1.
RBC Capital lifted its price target to $794 from $792 while maintaining a Sector Perform rating, acknowledging that Casey’s delivered superior-to-expected performance across all key metrics.
Casey’s became an S&P 500 constituent in April 2026 and currently manages over 2,900 locations, establishing it as the nation’s third-largest convenience store operator.
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