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.

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%.

The 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.