Casey's Q1 Earnings: Profit Up, Same-Store Sales Slow

Casey's General Stores, Inc. (CASY) reported Q1 earnings for the three months ended July 31, 2026, showing rising profit and revenue while inside same-store sales growth slowed. The company left its fiscal 2027 outlook unchanged.

Quarter Results and Metrics

The company said in a press release on Sept. 8, 2026, that revenue for the quarter reached $5.7 billion, up 24.3% year over year. Net income rose 27.1% to $274 million, and diluted earnings per share increased 27.7% to $7.37.

EBITDA, a proxy for operating profit, climbed 17.1% to $485 million. The inside margin stood at 42.2%, supporting the quarter’s profit gains.

Inside same-store sales increased 3.2% year over year and 7.7% on a two-year basis. Same-store fuel gallons sold declined 0.3% year over year but rose 1.4% on a two-year stack. Fuel margin was 47.8 cents per gallon.

Fiscal 2027 Outlook and Capital Returns

Management maintained its fiscal 2027 guidance, targeting inside store sales growth of 2% to 5% and an inside margin above 42%. The company expects same-store fuel gallons sold to range from a 1% decline to a 1% increase, with total operating expenses rising about 5% to 7%.

EBITDA guidance calls for growth of 8% to 10%, which implies roughly a 35% increase on a two-year basis at the midpoint.

Casey’s repurchased approximately $46 million of shares during the quarter and kept its quarterly dividend at $0.65 per share, continuing its capital-return program.

The results present mixed signals: strong profit and revenue growth alongside slower same-store sales gains. Management’s decision to hold fiscal 2027 targets steady leaves investors to assess whether the company can sustain its momentum.