Description
Casey’s General Stores: Is Its Competitive Edge Through The Fuel Business Sustainable?
Casey’s General Stores reported strong financial results for the first quarter of fiscal year 2026. Diluted earnings per share (EPS) rose by 19% to $5.77, and net income increased by 20% to $215 million, with an EBITDA growth of 20% to $414 million. These results were primarily driven by strong in-store performance and successful fuel management strategies. The company’s in-store sales saw a notable increase, with same-store sales up by 4.3% and an average margin of 41.9%. The prepared food and dispensed beverage segment led the way with a sales growth of 5.6% and a margin of 58%, although margin was slightly down due to the lower margins from recently acquired CEFCO stores. Grocery and general merchandise sales also experienced growth, with a same-store sales increase of 3.8% and a margin improvement of 50 basis points, attributed mainly to a favorable mix shift towards highermargin items.
Our Report Structure:
⦁ Company Overview
⦁ Investment Thesis
⦁ Key Drivers
⦁ Historical Quarterly Statement Analysis – Income Statement & Cash Flows
⦁ Historical Quarterly Balance Sheet Analysis
⦁ Historical Annual Financial Statement Analysis
⦁ Analysis Of Key Financial Ratios
⦁ Financial Forecasts For 3 Years
⦁ Forecasting The Capital Structure & Net Debt
⦁ Discounted Cash Flow Valuation
⦁ Trading Multiples
⦁ Key Risks
⦁ Disclosures
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