Casey’s General Stores posted a sharp jump in fourth-quarter and full-year results for fiscal 2026, with profit growth outpacing sales growth and fuel margins widening materially from a year earlier.
For the three months ended April 30, net income rose to $162.7 million from $98.3 million a year earlier, a 65.5% increase. Diluted earnings per share climbed to $4.37 from $2.63, up 66.2%. EBITDA increased 33.2% to $350.3 million from $263.0 million.
Revenue for the quarter increased 14.5% to $4.57 billion from $3.99 billion.
Inside the stores, Casey’s reported inside sales of $1.52 billion, up from $1.41 billion. Inside same-store sales rose 5.5%, compared with 1.7% in the prior-year quarter. Grocery and general merchandise same-store sales increased 5.1%, while prepared food and dispensed beverage same-store sales rose 6.6%.
Inside gross profit climbed 10.5% to $643.4 million from $582.4 million, and inside margin improved to 42.4% from 41.2%.
Fuel also improved. Same-store gallons sold increased 1.5%, and total fuel gallons sold rose to 848.3 million from 818.6 million, up 3.6%. Fuel gross profit jumped 29.1% to $397.4 million from $307.8 million. 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 rose to $714.4 million from $546.5 million, up 30.7%. Diluted EPS increased to $19.16 from $14.64, up 30.9%. EBITDA climbed to nearly $1.5 billion, up 23.6% from $1.20 billion.
Full-year revenue increased 10.2% to $17.56 billion from $15.94 billion.
Annual inside sales rose to $6.34 billion from $5.76 billion. Inside same-store sales advanced 4.2% versus 2.6% a year earlier. Prepared food and dispensed beverage same-store sales increased 5.2%, while grocery and general merchandise same-store sales rose 3.9%.
Full-year inside gross profit increased to $2.68 billion from $2.39 billion, and inside margin improved to 42.2% from 41.5%.
Fuel gross profit for the year rose to $1.50 billion from $1.24 billion, up 21.0%, while fuel margin widened to 42.6 cents per gallon from 38.7 cents. Total fuel gallons sold increased to 3.52 billion from 3.20 billion.
Operating expenses for the year increased to $2.84 billion from $2.55 billion.
Casey’s store count increased to 2,944 at April 30, 2026, 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 rose to $523.0 million from $326.7 million. Total shareholders’ equity increased to $3.95 billion from $3.51 billion.
During the quarter, Casey’s repurchased about $63 million of stock. In June, the board increased the quarterly dividend 14% to $0.65 per share from the prior level, marking the 27th consecutive annual increase.
For fiscal 2027, Casey’s expects inside same-store sales growth of 2% to 5%, same-store fuel gallons of down 1% to up 1%, operating expense growth of 5% to 7%, and EBITDA growth of 8% to 10%. The company said it expects to open at least 120 stores during the year. Today the company's shares have moved 16.56% to a price of $887.25. For more information, read the company's full 8-K submission here.
