Casey’s General Stores (NASDAQ:CASY) reported quarterly results that topped Wall Street estimates, supported by higher in-store sales, but the retailer kept its full-year guidance steady. Shares slipped 1% in premarket trading Tuesday.
The U.S. convenience store chain posted first-quarter earnings of $5.77 per share, beating analyst expectations of $5.03. Revenue came in at $4.58 billion, above the $4.48 billion consensus forecast.
For fiscal 2026, Casey’s reaffirmed its outlook for EBITDA growth of 10%–12%, same-store sales growth inside its stores of 2%–5%, and flat to 1% growth in fuel gallons sold. The company also reiterated its plan to open at least 80 new stores this year.
“Our inside same-store sales were driven by positive traffic growth due to our summer merchandising plan,” said CEO Darren Rebelez.
Inside gross margin reached 41.9% for the quarter, topping expectations of 41.2%.
