S&P 500
7,226.20
+0.01%
Dow Jones
49,494.60
-0.62%
Nasdaq 100
27,685.40
+0.66%
Russell 2000
2,804.78
-0.02%
FTSE 100
10,364.50
0.00%
Nikkei 225
59,260.50
-0.78%
Casey's General Stores

CASY Q3 2026 Earnings

Reported Mar 9, 2026 at 4:36 PM ET · SEC Source

Q3 26 EPS

$3.49

BEAT +17.38%

Est. $2.97

Q3 26 Revenue

$3.92B

MISS 3.14%

Est. $4.04B

vs S&P Since Q3 26

+22.4%

BEATING MARKET

CASY +28.9% vs S&P +6.4%

Market Reaction

Did CASY Beat Earnings? Q3 2026 Results

Casey's General Stores delivered a standout fiscal Q3 2026, with diluted EPS of $3.49 clearing the $2.97 consensus estimate by 17.38% as margin expansion and inside-store momentum more than compensated for a modest top-line shortfall. Revenue of $3.9… Read more Casey's General Stores delivered a standout fiscal Q3 2026, with diluted EPS of $3.49 clearing the $2.97 consensus estimate by 17.38% as margin expansion and inside-store momentum more than compensated for a modest top-line shortfall. Revenue of $3.92 billion, essentially flat with the prior year at +0.3%, missed the $4.04 billion consensus by 3.14%, but the real story was profitability, with net income surging 49.3% to $130.07 million and EBITDA climbing 27.5% to $308.91 million. The primary driver was a powerful combination of inside-store execution and fuel margin improvement, as same-store inside sales grew 4.0%, inside margin expanded roughly 130 basis points to 42.2%, and fuel gross profit rose 15.3% on a 41.0-cent-per-gallon margin. Following the results, multiple analysts raised their price targets, reflecting confidence in the trajectory. Casey's raised its fiscal 2026 EBITDA growth outlook to 18% to 20%, and the board continued rewarding shareholders, though the dividend tells a broader story about the company's capital allocation priorities.

Key Takeaways

  • • Inside same-store sales increased 4.0% driven by whole pizzas, hot sandwiches, and non-alcoholic beverages
  • • Inside margin expanded approximately 130 basis points to 42.2% through cost of goods management and favorable product mix shift
  • • Fuel margin expanded to 41.0 cents per gallon from 36.4 cents in the prior year
  • • Total fuel gross profit increased 15.3% to $348.2 million
  • • Total inside gross profit increased 8.9% to $624.0 million
  • • RINs sales of $6.3 million, an increase of $3.7 million year-over-year
  • • Operating expense comparison benefitted from $13 million in one-time Fikes deal and integration costs in the prior year

CASY Forward Guidance & Outlook

Fiscal 2026 EBITDA is now expected to increase 18% to 20%. Inside same-store sales are expected to increase 3.5% to 4.5% with an inside margin of approximately 41.5% to 42.5%. Total operating expenses are now expected to increase approximately 10%. Tax rate is expected to be 23.5% to 24.5%. Net interest expense is expected to be approximately $100 million. Same-store fuel gallons sold expected to be negative 1% to positive 1%. The company expects to open at least 80 stores in fiscal 2026 through a mix of M&A and new store construction, bringing the three-year strategic plan period total to approximately 500 stores. Depreciation and amortization is expected to be approximately $450 million. Purchase of property and equipment is expected to be approximately $600 million.

24/7 Wall St

CASY YoY Financials

Q3 2026 vs Q3 2025, source: SEC Filings

24/7 Wall St

CASY Revenue by Segment

With YoY comparisons, source: SEC Filings

Q4 25 Q3 26

“Casey's achieved another successful quarter as strong sales and margin expansion drove performance. Our high quality inside offering, along with a compelling value proposition, continues to attract guests to our stores. On the fuel side, the team had another sound quarter, expanding fuel margin while reporting positive same-store gallon growth. All of this was anchored by our store level operations team, who continue to meet our guests' needs in an efficient manner.”

— Darren Rebelez, Q3 2026 Earnings Press Release

Back to CASY Stock Page