CASY
Casey's General Stores, Inc.552.82
+5.90+1.08%
Dec 16, 4:00:01 PM EST
Earnings Call Transcripts
This Quarter (Q1 '26)
No earnings call transcript available yet
Last Quarter (Q4 '25)
FY Q3 '26
Q&A colors wings, consumer resilience
Q&A detailed resilient consumer demand across all income cohorts, with lower-income shoppers accelerating in prepared foods thanks to value versus QSRs. Wings rollout advances measuredly over two years via DC, light CapEx for fryers boosting trips without denting pizza units. CEFCO synergies hit targets, EBITDA accretive this year; 4% annual unit growth sustainable via NTI and M&A pipeline. Fuel volatility compresses margins short-term but nets positive historically—no volume hit until $5/gallon. Management addressed probes crisply. Wings add occasions. Watch execution there and labor steady-state.
Key Stats
Market Cap
20.49BP/E (TTM)
34.02Basic EPS (TTM)
16.25Dividend Yield
0%Recent Filings
10-Q
Q3 FY2026 results
Casey's revenue edged up 0.3% y/y to $3.9B in Q3 FY2026 ended January 31, 2026, while gross profit (revenue less COGS) jumped to 25.7% from 23.4% on stronger inside margins and fuel margins at 15.1% (41.0 cents/gallon). Net income rose 49% to $130M, diluted EPS climbed to $3.49 from $2.33 on 37.2M shares—strong pizza and beverage sales drove it. Cash swelled to $465M, operations generated $979M YTD (up 29% y/y), funding $465M capex and $88M acquisitions; debt dipped to $2.3B with $850M revolver dry. Fikes deal added scale. Fuel price swings remain a risk.
8-K
Q3 net income surges 49%
8-K
Q2 EPS up 14% to $5.53
Casey's crushed Q2 with net income at $206.3 million, up 14%, driven by 3.3% inside same-store sales growth and 42.4% inside margin. Fuel margins hit 41.6 cents per gallon amid 0.8% same-store gallon gains, despite higher expenses from 236 extra stores. Fiscal 2026 EBITDA outlook now jumps 15-17%. Store count hit 2,921.
10-Q
Q2 FY2026 results
Casey's revenue surged 14.2% y/y to $4.5B in Q2 FY2026 ended October 31, 2025, driven by the prior Fikes acquisition adding 236 stores and 16.8% higher fuel gallons, while prepared food same-store sales rose 4.8% on pizzas and sandwiches. Gross margin edged up to 24.9% yet fuel margins hit 14.0% (41.6 cents/gallon); operating expenses climbed 16.7% with more stores, but net income grew 14.0% to $206M and diluted EPS $5.53 (reconciles to 37.3M shares). Cash swelled to $492M, operating cash flow $719M (six months), FCF $438M (derived), long-term debt $2.4B with $850M revolver available. Spent $87M on acquisitions. Store manager wage lawsuits loom under FLSA.
10-Q
Q1 FY2026 results
Casey's revenue jumped 11.5% y/y to $4.6B for Q1 FY2026 ended July 31, 2025, fueled by Fikes acquisition adding 198 stores and wholesale fuel (3% of revenue), with fuel gallons up 18.0% y/y yet margins edging to 13.7% from 12.3%. Prepared food margins dipped to 58.0% from 58.3% due to lower-margin CEFCO stores, while grocery margins rose to 35.9%; operating income climbed to $278.5M (up 17.3% y/y, derived), driving diluted EPS to $5.77 from $4.83 on steady 37.4M shares. Cash swelled to $458M on $372M operating cash flow, funding $110M capex and $31M buybacks, with $850M revolver dry and total debt at $2.5B (variable term loans prominent). Free cash flow hit $262M (derived). Store manager wage lawsuits loom under FLSA.
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