New York, June 9, 2026, 19:02 (EDT)
- Casey’s stock climbed almost 3% in late trading after the convenience store operator topped Wall Street’s profit and revenue forecasts.
- Fourth-quarter earnings got a boost as inside sales rose, fuel profit climbed, and whole-pizza demand increased.
- The key question now is whether fuel margins and store growth stay solid in fiscal 2027.
Casey’s General Stores shares rose late Tuesday after the company reported quarterly earnings that beat forecasts. The convenience-store chain said higher fuel margins and pizza sales boosted fourth-quarter profit.
The stock finished the session at $761.18, up 1.3%. Shares were changing hands at $783.60 in after-hours action at 6:43 p.m. ET, according to Benzinga. The company announced results after the close.
Casey’s move into the S&P 500 in April put the stock into more index portfolios. Tuesday’s earnings gave one of the first looks at whether the rally is holding up. U.S. stocks were flat to lower, with the S&P 500 off 0.26% and the Nasdaq falling 0.97%, according to Reuters. Business Wire
Casey’s posted earnings of $4.37 per share for the quarter ended April 30, up from $2.63 last year. Net income came in at $162.7 million. Revenue reached $4.57 billion, an increase from $3.99 billion. Analysts polled by FactSet and cited by Barron’s were looking for $3.31 a share on $4.33 billion in revenue. Business Wire
Casey’s reported a 5.5% rise in same-store sales. Same-store sales track year-over-year performance at locations open long enough for comparison. The company pointed to growth in whole pizzas, appetizers, sides and non-alcoholic drinks as the main drivers.
Fuel was a driver, too. Same-store fuel gallons were up 1.5%, and fuel margin came in at 46.9 cents per gallon, up from 37.6 cents last year. Total fuel gross profit jumped 29.1% to $397.4 million.
Casey’s CEO Darren Rebelez said the company finished its three-year plan with “another record fiscal year” and ended on an “extremely high note.” Rebelez cited $714 million in net income for the year and almost $1.5 billion in EBITDA, which excludes interest, taxes, depreciation and amortization. Business Wire
Casey’s bumped up its quarterly dividend by 14% to 65 cents a share and boosted its buyback authorization to $1 billion. For fiscal 2027, the company projected inside same-store sales growth between 2% and 5%, with fuel gallons seen anywhere from down 1% to up 1%. EBITDA growth is set for 8% to 10%. Casey’s plans to add at least 120 stores through a mix of buys and new builds.
Casey’s gave a stronger outlook than a typical fuel seller. Murphy USA also moved up about 2% on Tuesday, but Casey’s quarter got a lift from both gas margins and foodservice. The company says it’s the third-biggest U.S. convenience retailer and the fifth-largest pizza chain. That combination sets it apart from other fuel-focused chains.
But there’s a risk for the bulls. Fuel margins can shrink fast if wholesale prices, demand, or competition shift, and Casey’s is guiding for flat fuel volumes next year. After-hours trading is also thinner and swings more compared to the day session, so Tuesday’s after-hours rally may not stick once regular trading starts. Business Wire
Casey’s is set to give more detail Wednesday during its earnings call at 7:30 a.m. Central. Investors want answers on fuel margins—what’s recurring and what isn’t—plus whether pizza and hot food are still driving store sales. Capital needs for store expansion are also in focus.
