Caseys 2026 Q1 Earnings Strong Performance as Net Income Surges 19.5%

Casey's (CASY) reported its fiscal 2026 Q1 earnings on September 8, 2025. The company beat expectations with robust revenue and profit growth, driven by strong performance across key segments. Casey’s guidance for the year reflects confidence in continued momentum.

Casey's(CASY) reported its fiscal 2026 Q1 earnings on Sep 08th, 2025. The company surpassed expectations with a notable rise in net income and revenue across multiple business areas. Management raised its full-year EBITDA and same-store sales guidance, signaling optimism about continued performance.

Revenue
The total revenue of Casey's increased by 11.5% to $4.57 billion in 2026 Q1, up from $4.10 billion in 2025 Q1. The Grocery & General Merchandise segment posted the largest revenue at $1.23 billion, followed by the Fuel segment, which contributed $2.73 billion. The Prepared Food & Dispensed Beverage segment added $458.43 million in revenue, while Other segments accounted for an additional $149.63 million, rounding out the total.

Earnings/Net Income
Casey's's EPS rose 19.3% to $5.80 in 2026 Q1 from $4.86 in 2025 Q1, marking continued earnings growth. Meanwhile, the company's profitability strengthened with net income of $215.35 million in 2026 Q1, representing 19.5% growth from $180.20 million in 2025 Q1. Remarkably, the company has sustained profitability for more than 20 years over the corresponding fiscal quarter, underscoring strong operational resilience. The significant net income growth highlights the company’s solid earnings performance.

Price Action
The stock price of Casey's has edged up 1.04% during the latest trading day, has climbed 5.46% during the most recent full trading week, and has edged down 0.00% month-to-date.

Post Earnings Price Action Review
Following the earnings release, Casey’s shares experienced a positive post-earnings price movement, with a 5.46% gain over the last full trading week. While the stock edged up slightly by 1.04% on the latest trading day, it has remained flat month-to-date. The overall positive momentum reflects investor confidence in the company’s strong performance and forward-looking guidance.

CEO Commentary
Darren Rebelez, Chairman, President and CEO, highlighted Casey's "excellent" first quarter performance with "strong sales growth both inside and outside the store," emphasizing positive traffic driven by summer merchandising and operational execution. He noted the fuel team's achievement of same-store gallon growth while maintaining a "healthy fuel margin," and attributed the "outstanding financial results" to robust sales and operating over 200 more stores than the prior year. The leadership tone was optimistic.

Guidance
The Company expects EBITDA to increase 10% to 12% for fiscal 2026, with inside same-store sales growth of 2% to 5% and an inside margin of approximately 41.7%.

Additional News
Within the three weeks following the earnings report, Casey’s management announced plans to expand its digital ordering capabilities at over 1,400 locations by the end of fiscal 2026. The company also revealed that Darren Rebelez, who has served as CEO since 2013, will step down from his role in 2027 and will be succeeded by current COO, Laura Chen, who has been with the company for over 15 years. Additionally, Casey’s shareholders voted to approve a share repurchase program authorizing up to $200 million in repurchases over the next 12 months, reflecting confidence in the company’s strong balance sheet and long-term value.