10-K · June 22, 2026
Casey’s General Stores reported a strong fiscal year 2026 with total revenue of $17.56 billion, reflecting a 10.2% increase driven by acquisitions and solid same-store sales growth. The company saw net income rise by…
Earnings analysis · 10-Q
CASY earnings analysis
Filed September 8, 2026 · Our reading of the company's report
The latest report
Casey's reported a strong first quarter, with revenue of $5.678 billion and diluted EPS of $7.37, exceeding consensus estimates of $5.574 billion and $6.77. Fuel gross profit reached $446.9 million and inside gross…
Read full summary
Casey's reported a strong first quarter, with revenue of $5.678 billion and diluted EPS of $7.37, exceeding consensus estimates of $5.574 billion and $6.77. Fuel gross profit reached $446.9 million and inside gross profit reached $749.8 million, while fiscal 2027 guidance was maintained at 8%-10% EBITDA growth and at least 120 store openings. The filing identified $9.7 million of annualized interest-expense sensitivity to a 100-basis-point rate move and stated that there were no material changes to previously disclosed risk factors.
Gross and operating margin
How much of each revenue dollar the business keeps.
One point per quarterly or annual filing. Both margins are shares of that report's revenue.
Where revenue came from
The business segments reported by the company.
Shares of the segments disclosed in this filing, largest first.
How we read each report
Our analysis across the last few reports.
Our model's reading of each filing, not the share price or the market's reaction. Annual and quarterly reports each occupy one position.
Reported figures
- Earnings per share
- $7.37
What stood out
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Revenue and EPS Beat Estimates
Revenue was $5.678 billion and diluted EPS was $7.37 for the quarter, versus consensus estimates of $5.574 billion and $6.77, respectively.
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Fuel and Inside Gross Profit Increased
Fuel gross profit increased to $446.9 million, while inside gross profit increased to $749.8 million.
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Expanded Share Repurchase Capacity
The company repurchased 54,647 shares during the quarter for $45.6 million, and $972.6 million remained available under the expanded repurchase program as of July 31, 2026.
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Buyback Authorization Expanded
The Expanded Repurchase Program was authorized on June 4, 2026 for up to $1.0 billion and has no set expiration date.
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Fiscal 2027 Outlook Maintained
Management maintained its fiscal 2027 targets of 8%-10% EBITDA growth and at least 120 store openings.
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Controls Remained Effective
Disclosure controls were concluded to be effective as of the quarter-end, and the filing reported no changes in internal controls that materially affected or were reasonably likely to materially affect them.
What to watch
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Floating-Rate Debt Sensitivity
Based on term-loan balances as of July 31, 2026, an immediate 100-basis-point interest-rate move would affect annualized interest expense by approximately $9.7 million.
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Fuel Price Exposure
The company remains exposed to fuel-price volatility for non-store inventoried fuel and uses futures contracts to hedge fuel held in pipelines and terminals; derivative contracts were immaterial as of July 31, 2026.
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Ongoing Buyback Commitment
The company repurchased $45.6 million of stock during the quarter, while $972.6 million remained available under the program, creating an ongoing capital-allocation commitment that can be suspended or discontinued based on market conditions, debt agreements, and business opportunities.
Management's outlook
Fiscal 2027 outlook was maintained: inside same-store sales growth of 2%-5%, EBITDA growth of 8%-10%, at least 120 store openings, and total operating expense growth of approximately 5%-7%.
Earlier filings 4
10-Q · March 9, 2026
Casey’s reported quarterly revenue of $3,916,132 (amounts in the filing are in thousands) and diluted EPS of $3.49 for the three months ended January 31, 2026. Gross margin expanded to ~25.7% and operating margin…
10-Q · December 9, 2025
Casey’s reported three-month revenue of $4,506,084 (in thousands), up from $3,946,771 a year earlier (+$559,313) with diluted EPS of $5.53 versus $4.85 a year ago (+$0.68). Gross margin expanded to 24.9% and operating…
10-Q · September 8, 2025
Casey’s reported a strong quarter with revenue of $4,567,106,000 and diluted EPS of $5.77, both above consensus. Gross margin expanded to ~24.35% and operating margin to ~6.69%, supported by higher same-store sales and…
This is our reading of a public filing, not the filing itself. Analysis can contain errors; check the source document for full context.