Casey’s General Stores (CASY) Stock Soars 15% on Exceptional Fourth Quarter Results

Key Highlights

• Shares of Casey’s climbed 15% on Wednesday, reaching $877, following stronger-than-anticipated quarterly results
• Quarterly earnings per share reached $4.37, significantly outpacing the analyst consensus of $3.31; revenue totaled $4.57B versus expectations of $4.33B
• Fuel segment gross profit jumped 29% to reach $397.4 million, substantially exceeding the $331M projection
• Comparable store sales increased 5.5%, surpassing the 4.9% forecast, with prepared food—especially pizza—leading growth
• The company boosted its quarterly cash distribution 14% to 65 cents per share and projected 8%–10% EBITDA expansion for fiscal 2027

Casey’s General Stores (CASY) experienced a remarkable 15% rally to $877 during Wednesday’s trading session, emerging as a top performer in the S&P 500 following the convenience retailer’s exceptional fiscal fourth quarter results released Tuesday after market close.

Casey’s General Stores, Inc., CASY

Quarterly earnings per share landed at $4.37, representing a 66% year-over-year increase and substantially surpassing Wall Street’s $3.31 projection. Revenue expanded 14% to reach $4.57 billion, exceeding the consensus forecast of $4.33 billion.

The equity has now appreciated 59% during 2026 and is approaching its all-time closing peak of $888.36 achieved on May 13.

The fuel division delivered the most impressive performance. Aggregate fuel gross profit soared 29% to $397.4 million — well beyond the analyst projection of $331 million. Fuel margin reached 46.9 cents per gallon compared to the anticipated 39.41 cents.

Gasoline costs have escalated sharply throughout the year. The national average for regular unleaded currently stands at $4.16 per gallon, representing approximately 46% growth from the year-opening price of $2.84. Following the commencement of the U.S.-Iran conflict in late February, average prices have climbed 39%.

Superior Performance Across Fuel and Prepared Food Segments

Chief Executive Officer Darren Rebelez highlighted the fuel division’s effectiveness in optimizing both volume and margin performance. Across the complete fiscal year, fuel gross profit expanded 21%.

Comparable store sales—when excluding fuel—advanced 5.5% during the fourth quarter, beating the 4.9% analyst forecast. Pizza sales were specifically highlighted as a significant growth catalyst.

For the entirety of fiscal 2026, Casey’s expanded full-year revenue 10.7% while earnings surged 30.9% to reach $19.16 per share.

KeyBanc analyst Bradley Thomas observed that the results “point to continued momentum with the business.”

Fiscal 2027 Outlook and Projections

Looking toward the upcoming fiscal year, Casey’s provided guidance for inside comparable store sales growth ranging from 2% to 5%, with inside margins anticipated to exceed 42%. Fuel gallon volumes are projected to remain flat or decline by 1%.

EBITDA is forecasted to expand between 8% and 10%. Current Wall Street consensus models anticipate 9% revenue growth for fiscal 2027.

Casey’s additionally increased its quarterly cash dividend 14% to 65 cents per share, with payment scheduled for August 14 to shareholders on record as of August 1.

RBC Capital elevated its price objective to $794 from $792 while maintaining a Sector Perform rating, acknowledging that Casey’s delivered better-than-expected performance across all key metrics.

Casey’s became an S&P 500 constituent in April 2026 and currently operates over 2,900 locations, positioning it as the third-largest convenience store operator in the United States.

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