Overview

* Casey's General Stores fiscal Q1 diluted EPS up 19.5% to $5.77

* Inside same-store sales up 4.3% yr/yr, driven by summer merchandising plan

* Same-store fuel gallons sold up 1.7% yr/yr, aided by store count increase

Outlook

* Casey's expects fiscal 2026 EBITDA to increase 10% to 12%

* Company anticipates inside same-store sales to rise 2% to 5%

* Casey's projects same-store fuel gallons sold between -1% and 1%

* Company plans to open at least 80 stores in fiscal 2026

Result Drivers

* INSIDE SALES - Driven by summer merchandising plan and efficient execution, leading to 4.3% increase in same-store sales

* FUEL SALES - Same-store fuel gallons increased 1.7%, supported by a rise in store count and maintaining a healthy fuel margin

* OPERATING EXPENSES - Higher due to operating 221 additional stores, partially offset by reduced same-store labor hours

Key Details

Metric Beat/Mis Actual Consensu

s s

Estimate

Q1 EPS $5.77

Q1 Net $215.36

Income mln

Analyst Coverage

* The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 11 "strong buy" or "buy", 4 "hold" and no "sell" or "strong sell"

* The average consensus recommendation for the food retail & distribution peer group is "buy"

* Wall Street's median 12-month price target for Caseys General Stores Inc ( CASY ) is $541.00, about 6.5% above its September 5 closing price of $505.64

* The stock recently traded at 30 times the next 12-month earnings vs. a P/E of 28 three months ago

Press Release:

(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)