Casey’s General Stores posted a sharp jump in fourth-quarter and full-year results for fiscal 2026, led by higher inside sales, stronger fuel gross profit and a larger store base.
For the three months ended April 30, 2026, net income rose to $162.7 million from $98.3 million a year earlier, up 65.5%. Diluted earnings per share climbed to $4.37 from $2.63, a 66.2% increase. EBITDA increased 33.2% to $350.3 million from $263.0 million.
Quarterly revenue increased 14.5% to $4.57 billion from $3.99 billion.
Inside sales rose to $1.52 billion from $1.41 billion, up 7.4%. Inside same-store sales increased 5.5%, compared with 1.7% in the prior-year quarter. Inside gross profit advanced 10.5% to $643.4 million from $582.4 million, and inside margin widened to 42.4% from 41.2%.
Within inside sales, grocery and general merchandise same-store sales rose 5.1% from 1.8%, while prepared food and dispensed beverage same-store sales increased 6.6% from 1.5%. Prepared food and dispensed beverage gross margin improved to 59.5% from 57.8%, and grocery and general merchandise margin increased to 35.7% from 34.8%.
Fuel gross profit rose 29.1% to $397.4 million from $307.8 million. Fuel gallons sold increased to 848.3 million from 818.6 million, up 3.6%, while same-store fuel gallons rose 1.5% from 0.1%. Fuel margin widened to 46.9 cents per gallon from 37.6 cents.
Operating expenses increased 10.1% to $730.0 million from $663.0 million.
For the full fiscal year, net income climbed to $714.4 million from $546.5 million, up 30.7%. Diluted EPS rose to $19.16 from $14.64, up 30.9%. EBITDA increased 23.6% to nearly $1.48 billion from $1.20 billion.
Annual revenue increased to $17.56 billion from $15.94 billion, up 10.2%. Inside sales rose to $6.34 billion from $5.76 billion, up 10.2%, while inside same-store sales increased 4.2% from 2.6%. Full-year inside gross profit rose to $2.68 billion from $2.39 billion, and inside margin improved to 42.2% from 41.5%.
Prepared food and dispensed beverage same-store sales increased 5.2% for the year, up from 3.5%. Grocery and general merchandise same-store sales rose 3.9% from 2.3%.
Fuel gross profit for the year increased to $1.50 billion from $1.24 billion, up 21.0%. Fuel gallons sold rose to 3.52 billion from 3.20 billion, up 9.9%, while same-store fuel gallons increased 1.4% from 0.1%. Fuel margin widened to 42.6 cents per gallon from 38.7 cents.
Operating expenses for the year rose to $2.84 billion from $2.55 billion, up 11.2%.
Casey’s ended the year with 2,944 stores, up from 2,904 a year earlier. The company opened 40 new stores, completed 40 acquisitions, reopened one prior acquisition and closed 41 stores.
Cash and cash equivalents at April 30, 2026, were $523.0 million, up from $326.7 million a year earlier. Total shareholders’ equity increased to $3.95 billion from $3.51 billion.
During the quarter, Casey’s repurchased about $63 million of stock. The company also increased its quarterly dividend 14% to $0.65 per share. Following these announcements, the company's shares moved 19.54%, and are now trading at a price of $909.89. Check out the company's full 8-K submission here.
