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.
CASY YoY Financials
Q3 2026 vs Q3 2025, source: SEC Filings
CASY Revenue by Segment
With YoY comparisons, source: SEC Filings
“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
CASY Earnings Trends
CASY vs Market 30 Day Price Reactions
30-day stock return vs benchmark after each earnings
CASY EPS Trend
Earnings per share: estimate vs actual
CASY Revenue Trend
Quarterly revenue: estimate vs actual
CASY Quarterly Results
4 quarters of earnings data
| Quarter | EPS Est. | EPS Act. | Surprise | Revenue | Rev. Surprise |
|---|---|---|---|---|---|
| Q3 26 BEAT | $2.97 | $3.49 | +17.38% | $3.92B | -3.14% |
| Q2 26 BEAT | $5.20 | $5.53 | +6.26% | $4.51B | +0.19% |
| Q1 26 BEAT | $5.06 | $5.77 | +13.95% | $4.57B | +1.95% |
| Q4 25 BEAT FY | $1.92 | $2.63 | +36.98% | $3.99B | +1.91% |
| FY Full Year | $13.94 | $14.64 | +4.99% | $15.94B | +0.47% |