US convenience store chain Casey’s General Stores has posted a net income of $215.4m for the first quarter (Q1) of the fiscal year 2026 (FY26) which ended 31 July 2025 – 19.5% growth from the previous year.
Diluted earnings per share (EPS) climbed to $5.77 and total revenue for the period stood at $4.5bn.
Go deeper with GlobalData
Discover B2B Marketing That Performs
Combine business intelligence and editorial excellence to reach engaged professionals across 36 leading media platforms.
Earnings before interest, taxes, depreciation and amortisation (EBITDA) grew 19.8% year-on-year (YoY), reaching $414.3m.
Casey’s chairman, president and CEO Darren Rebelez stated: “Casey’s delivered an excellent first quarter highlighted by strong sales growth both inside and outside the store.
“Our inside same-store sales were driven by positive traffic growth due to our summer merchandising plan as well as our team’s outstanding execution, demonstrating our ability to serve our guests efficiently at a high level. Our fuel team did a tremendous job achieving same-store gallon growth while maintaining a healthy fuel margin. Overall, robust same-store sales combined with operating over 200 more stores than the prior year has led to outstanding financial results across the business.”
The Q1 witnessed inside same-store sales growth of 4.3%, with a two-year stack basis increase of 6.7%.
US Tariffs are shifting - will you react or anticipate?
Don’t let policy changes catch you off guard. Stay proactive with real-time data and expert analysis.
By GlobalDataThe inside margin reached 41.9%, with a 14.8% rise in total inside gross profit, which amounted to $705.5m.
Operating expenses saw a 14.6% increase during the quarter, primarily due to the expansion of Casey’s store footprint, which added 221 new stores compared to the previous year. This expansion accounted for roughly 10% of the increase in operating expenses.
Same-store employee expenses rose by 1.5%, as increases in labour rates were partially offset by a reduction in same-store labour hours.
Casey’s maintains its previously disclosed outlook for fiscal 2026 with a 10% to 12% increase in EBITDA, a 2% to 5% rise in inside same-store sales, and an inside margin of 41%.
Operating expenses are projected to grow between 8% and 10%, and the company plans to open at least 80 new stores.
