10-Q · June 2, 2026
Yesway, Inc. posted Q1 2026 revenues of $683.6 million and EPS of $0.65, surpassing estimates and reflecting a 13.9% revenue growth year-over-year, primarily driven by increases in fuel sales and inside merchandise…
Earnings analysis · 10-Q
YSWY earnings analysis
Filed August 13, 2026 · Our reading of the company's report
The latest report
Yesway reported strong operating momentum, with revenue of $920.8 million and Adjusted EBITDA of $70.9 million, up 35.0%, but diluted EPS of $0.21 missed the $0.45 consensus estimate. Management raised full-year 2026…
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Yesway reported strong operating momentum, with revenue of $920.8 million and Adjusted EBITDA of $70.9 million, up 35.0%, but diluted EPS of $0.21 missed the $0.45 consensus estimate. Management raised full-year 2026 Adjusted EBITDA guidance to $235 million-$245 million while reaffirming merchandise growth, capital spending of $85 million-$95 million, and 6-8 new stores. The filing does not provide sufficient extracted data to assess gross margin, operating margin, segment revenue, balance-sheet changes, operating cash flow, or free cash flow.
Reported figures
- Earnings per share
- $0.21
What stood out
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Revenue and EBITDA beat expectations
Revenue was $920.8 million, above the $842.1 million consensus estimate, while Adjusted EBITDA increased 35.0% to $70.9 million.
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EPS missed consensus
Diluted EPS was $0.21 versus the $0.45 consensus estimate, representing a $0.24 shortfall despite stronger operating profit.
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EBITDA outlook raised
Full-year 2026 Adjusted EBITDA guidance was raised to $235 million-$245 million from $210 million-$220 million, a $25 million increase at both ends of the range.
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Investment plan reaffirmed
Management reaffirmed 2026 capital expenditures of $85 million-$95 million and plans for 6-8 new store openings.
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Merchandise sales outlook maintained
The company reaffirmed same-store inside merchandise sales growth of 1.25%-3.25% for 2026.
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Lower borrowing rates
Interest rates on the Revolving Credit Facility and Term Loan Facility declined year over year to 5.89% and 7.26%, respectively, from 7.43% and 7.94%.
What to watch
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Store-sale execution risk
The outlook assumes the sale of 29 Iowa and Kansas stores by year-end, creating execution risk if the portfolio transaction is delayed or not completed.
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Interest-rate exposure
Most debt carries a fixed margin over SOFR, and the company states that higher rates could increase financing costs. The Revolving Credit Facility rate was 5.89% and the Term Loan Facility rate was 7.26% as of June 30, 2026.
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Fuel-price and fee pressure
Higher fuel prices can increase retail prices, reduce consumer and dealer volumes, and raise credit-card expenses; the filing notes that credit-card interchange fees are based on transaction amounts, while no quantitative fuel-price sensitivity was provided.
Management's outlook
The company raised full-year 2026 Adjusted EBITDA guidance to $235 million-$245 million from $210 million-$220 million. It reaffirmed same-store inside merchandise sales growth of 1.25%-3.25%, capital expenditures of $85 million-$95 million, and 6-8 new store openings; the outlook assumes the sale of 29 Iowa and Kansas stores by year-end.
Earlier filings 1
This is our reading of a public filing, not the filing itself. Analysis can contain errors; check the source document for full context.