Stocks

Casey's Q1 Earnings Surge 27.7% on Inside and Fuel Margin Gains

By Stocks Desk · 2026-09-09 · Updated 2026-09-10 15:52 UTC

A modern convenience store interior featuring organized shelves of goods and a fuel pump visible outside the window. — Illustration: Tradingbird

Casey's General Stores beat Q1 expectations with a 27.7% EPS surge to $7.37, driven by robust prepared-food traffic and fuel margins, while reaffirming its fiscal 2027 outlook for double-digit EBITDA growth. The earnings call highlighted that August fuel performance remains consistent with guidance and that CEFCO store conversions are on pace to deliver significant sales lifts by the fourth quarter.

2026-09-10 15:52 UTC
Per GN markets/earnings (en-US), Casey's CFO confirmed that August fuel margins held steady in the low-40-cent range and that the company expects a net positive inflection from CEFCO remodels as early as the fourth quarter. Management also noted that while operating expenses rose 8% in Q1 due to new store openings and credit card fees, they remain on track to meet the full-year target of 5% to 7% growth.
Source: GN markets/earnings (en-US)
2026-09-10 13:14 UTC
According to GN markets/earnings (en-US), management confirmed that fiscal 2027 guidance remains intact, projecting 8-10% EBITDA growth and inside margins above 42%, while noting that whole-pizza unit sales grew nearly double digits and prepared-food gross margins reached 59.3%.
Source: GN markets/earnings (en-US)
2026-09-09 18:49 UTC
According to GN stocks/earnings-beat, Casey’s has outlined a three-year strategy to add at least 400 locations by fiscal 2029, alongside maintaining its fiscal 2027 targets for 8%-10% EBITDA growth and 120 new store openings. The report also notes that while operating expenses rose 8% due to labor and insurance costs, the company ended the quarter with $1.4 billion in available liquidity.
Source: GN stocks/earnings-beat
2026-09-09 17:24 UTC
Per GN markets/earnings (en-US), CEO Darren Rebelez noted that whole-pizza unit sales surged nearly double digits, while CFO Steve Bramlage attributed margin expansion to a 9% drop in cheese costs and a 47% spike in nicotine-alternative sales. The report also highlights that remodeled stores have seen an average 30% lift in prepared-food revenue, offsetting temporary volume headwinds from the CEFCO integration.
Source: GN markets/earnings (en-US)
2026-09-09 16:49 UTC
Casey's General Stores exceeded fiscal 2027 first-quarter expectations, driven by a 27.7% jump in earnings per share and significant expansion in fuel and prepared food margins.
Source: GN markets/earnings (en-US)