Casey's General Stores reported strong bottom-line results for the first quarter 2027, driven by significantly higher-than-expected fuel margins and resilient prepared food performance. While total revenue of $5.68 billion surpassed estimates, inside same-store sales growth of 3.2% lagged the consensus projection of 4.8%. Profitability was bolstered by a 19.6% increase in fuel gross profit and improved inside margins from a favorable product mix.
Key Highlights
- Diluted EPS reached $7.37, exceeding the $6.81 analyst estimate by 8.2% and rising 27.7% year-over-year.
- Fuel margins surged to 47.8 cents per gallon, a significant increase from the 41.0 cents recorded in the prior-year period.
- Inside same-store sales grew 3.2% led by whole pizza traffic, though this was lower than the 4.8% consensus forecast.
- Total EBITDA increased 17.1% to $485.1 million, while operating expenses rose 8.0% due to an expanded store count of 2,959 locations.