CASEYS GENERAL STORES (CASY) Company Report

Casey's aims to achieve 8-10% CAGR EBITDA growth through fiscal year 2026 and plans to add approximately 500 additional stores via new builds and acquisitions by the same period.
The company reported a strong inside gross margin of 41.5% for fiscal year 2025, significantly higher than the industry average of 37% for calendar year 2023.
Casey's generated $585 million in free cash flow in fiscal year 2025 and maintains a resilient financial position with a strong balance sheet and low debt, enabling active M&A.
Strategic differentiators, including a unique rural footprint, a prepared food business (ranking as the 5th largest US pizza chain), advanced technology, and vertical integration, contribute to competitive advantages and industry-leading profit margins.

Dec 10, 2025, 1:30 PM

Presentation

Casey's General Stores Reports Strong Q2 2026 Results and Raises Fiscal Year Guidance

CASY

Earnings

Guidance Update

Share Buyback

Casey's General Stores reported diluted EPS of $5.53 per share and net income of $206 million for Q2 2026, both increasing 14% from the prior year. EBITDA grew 17.5% to $410 million.
Inside same store sales rose 3.3%, with prepared food and dispensed beverage sales up 4.8%, and grocery and general merchandise sales up 2.7%. Fuel same-store gallons sold increased 0.8% with a 41.6 cents per gallon margin.
The company updated its fiscal year 2026 guidance, now expecting EBITDA to increase 15%-17%, inside same store sales to grow 3%-4%, and inside margin to be 41%-42%.
Casey's increased its fiscal year share repurchase expectation to approximately $200 million from $125 million, driven by stronger earnings and cash flows. The quarterly dividend was maintained at $0.57 per share.

Dec 10, 2025, 1:30 PM

Transcript

Casey's Reports Strong Q2 2026 Earnings and Raises Full-Year Guidance

CASY

Earnings

Guidance Update

Share Buyback

Casey's reported strong Q2 2026 financial results, with diluted EPS of $5.53 per share and net income of $206 million, both increasing 14% from the prior year. EBITDA grew 17.5% to $410 million.
Total revenue reached $4.51 billion, a 14.2% increase year-over-year, driven by a 13% rise in total inside sales and a 16.8% increase in fuel gallons sold. Same-store inside sales were up 3.3%, and same-store fuel gallons sold increased 0.8%.
The company updated its fiscal 2026 guidance, now expecting EBITDA to increase 15%-17% and inside same-store sales to grow 3%-4%. Casey's maintained its quarterly dividend at $0.57 per share and increased its fiscal year share repurchase expectation to approximately $200 million.

Dec 10, 2025, 1:30 PM

Transcript

Casey's General Stores Announces Strong Second Quarter Fiscal 2026 Results and Updates Outlook

CASY

Earnings

Guidance Update

Dividends

Casey's General Stores, Inc. reported strong financial results for the second quarter ended October 31, 2025, with diluted EPS of $5.53, a 14.0% increase from the prior year, and net income of $206.3 million, also up 14.0%.
Operational highlights include a 3.3% increase in inside same-store sales and a 0.8% increase in same-store fuel gallons compared to the prior year. The inside margin was 42.4% and the fuel margin was 41.6 cents per gallon.
Due to strong financial performance, the company updated its Fiscal 2026 outlook, now expecting EBITDA to increase 15% to 17% and inside same-store sales to increase 3% to 4%.
The Board of Directors approved a quarterly dividend of $0.57 per share, payable February 13, 2026. The company also repurchased approximately $31 million of shares during the quarter.

Dec 9, 2025, 9:34 PM

8-K

Casey's Announces Strong Second Quarter Results and Updates Fiscal 2026 Outlook

CASY

Earnings

Guidance Update

Dividends

Casey's reported strong second quarter (Q2 2025) results, with diluted EPS of $5.53, a 14.0% increase from the prior year, and net income of $206.3 million, also up 14.0%. EBITDA rose 17.5% to $410.1 million.
The company experienced a 3.3% increase in inside same-store sales with an inside margin of 42.4%, and same-store fuel gallons were up 0.8% with a fuel margin of 41.6 cents per gallon.
Due to strong financial performance, Casey's updated its Fiscal 2026 Outlook, now expecting EBITDA to increase 15% to 17% and inside same-store sales to increase 3% to 4%.
As of October 31, 2025, Casey's had approximately $1.4 billion in available liquidity, including $492 million in cash and cash equivalents. The company repurchased approximately $31 million of shares during the quarter and approved a quarterly dividend of $0.57 per share.

Dec 9, 2025, 9:30 PM

Press Release

Casey's General Stores Reports Q3 2025 Results with Increased Revenue and EBITDA

CASY

Earnings

Guidance Update

M&A

Casey's General Stores reported diluted EPS of $2.33 per share and net income of $87 million for Q3 2025, both flat compared to the prior year, while EBITDA increased 11.4% to $242.4 million.
Total revenue for the quarter was $3.9 billion, an increase of 17.3% from the prior year, driven by a 15.3% increase in total inside sales to $1.4 billion and a 20.4% increase in fuel gallons sold.
Same-store inside sales were up 3.7%, with prepared food and dispensed beverage sales growing 4.7%, and same-store fuel gallons sold increased 1.8%.
The Fikes acquisition was EBITDA dilutive in Q3 due to $13 million in integration costs, but is expected to be modestly positive in Q4. The company updated its fiscal year 2025 guidance, now expecting EBITDA to increase approximately 11%.
As of January 31, the company's leverage ratio of debt to EBITDA was 2.1 times, with a target of approximately 2 times by the end of the fiscal year, and the quarterly dividend was maintained at $0.50 per share.

Mar 12, 2025, 12:30 PM

Transcript

Earnings Transcripts

Quarterly earnings call transcripts for CASEYS GENERAL STORES.

Q2 2026

Dec 10, 2025

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Q1 2026

Sep 9, 2025

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Q4 2025

Jun 10, 2025

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View All Transcripts

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CASEYS GENERAL STORES (CASY)

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