Casey's General Stores Reports Strong Earnings Growth
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Jun 10 2026
0mins
Source: Yahoo Finance
- Strong Performance: Casey's General Stores Inc. reported a diluted earnings per share of $19.16 and net income of $714 million for the fiscal year, both representing a 31% increase over the previous year, indicating robust market performance and enhanced profitability.
- Record EBITDA: The company achieved nearly $1.5 billion in EBITDA, a 23% year-over-year increase, reflecting not only sales growth but also successful cost control and operational efficiency, which further strengthens its competitive position in the market.
- Significant Sales Growth: Total inside sales grew by 10.2%, with same-store sales up 4.2%, demonstrating strong consumer demand and effective innovation in products and services that enhance customer loyalty.
- Expansion Plans: The company plans to open at least 120 new stores in fiscal 2027 through a mix of mergers and acquisitions and new builds, showcasing its confidence in future growth and strategic market expansion.
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Analyst Views on CASY
Wall Street analysts forecast CASY stock price to fall
10 Analyst Rating
6 Buy
4 Hold
0 Sell
Moderate Buy
Current: 850.850
Low
530.00
Averages
609.33
High
700.00
Current: 850.850
Low
530.00
Averages
609.33
High
700.00
About CASY
Casey's General Stores, Inc. and its subsidiaries operate approximately 2,900 convenience stores in 19 states. It offers freshly prepared foods such as regular and breakfast pizza, donuts, hot breakfast items, and hot and cold sandwiches), beverages, tobacco and nicotine products, groceries, health and beauty aids, automotive products, and other non-food items. It offers a range of fuels, including E-10 gasoline, High Octane gasoline, Biodiesel, Winterized diesel, and Ethanol-free gasoline. It sells a range of tobacco products, including cigarettes, E- cigarettes and vapor, chewing tobacco nicotine pouches, and rolling paper and accessories. Its subsidiaries operate convenience stores primarily under the names Casey's and Casey's General Store. The Company also operates stores under additional brands such as GoodStop or CEFCO. These locations offer fuel for sale, and a broad selection of snacks, beverages, tobacco products, and other essentials.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
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- Ross Attracts Value Seekers: As an off-price retailer, Ross Stores successfully draws in value-seeking consumers with discounted brand-name merchandise and a unique shopping experience, maintaining healthy profitability despite inflationary pressures.
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- Sales and Profit Surge: Driven by rising fuel prices and increased in-store sales, Casey's reported double-digit gains in both sales and profits for Q4 FY2023, with same-store sales up 5.5%, enhancing inside margins by 120 basis points, showcasing robust operational performance.
- Fuel Profit Growth: The company's total fuel gross profit surged 29.1% year-over-year, primarily due to increased gallons sold and improved fuel margins, further solidifying its competitive position in the market.
- Future Growth Outlook: Analyst Corey Tarlowe is bullish on Casey's, noting that unit growth opportunities and ongoing initiatives to enhance its prepared food business should drive performance higher, with projected EBITDA growth of 8%-10% for FY2027 and plans for at least 120 new store openings.
See More
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- Event Format: The event will feature presentations and a Q&A session with Casey's leadership team; while in-person attendance is by invitation only, all interested parties can register to access the live webcast, reflecting the company's commitment to transparency and investor communication.
- Schedule Details: Scheduled to begin at 9:30 a.m. EDT and conclude at 1:30 p.m. EDT, the event allows ample time for in-depth discussions and interactions, aiming to bolster investor confidence in the company's future direction.
- Information Access: Following the event, the webcast and presentation slides will be available on the Investor Relations page for twelve months, ensuring that investors who cannot attend can still access key information, further promoting information dissemination and investor engagement.
See More
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- IPO Market Dynamics: So far in 2023, 71 companies have gone public, raising nearly $36 billion, indicating strong demand for emerging enterprises, and SpaceX's IPO is likely to intensify this trend, attracting more investor interest in the tech sector.
- ARK Fund Performance: The ARK Venture Fund holds approximately 11% of SpaceX, with a 4% increase over the past month and over 70% year-to-date, reflecting strong market confidence in SpaceX's growth potential, which may attract more institutional investors.
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