Casey's General Stores, Inc. (NASDAQ:CASY) shares are trading lower on Tuesday after the company reported mixed third-quarter fiscal 2026 results.
Details
- On Monday, Casey's General Stores reported:
- EPS of $3.49, exceeding the consensus of $2.99.
- Revenue came in at $3.92 billion, which missed the consensus estimate of $4.04 billion.
- As of January 31, the company had around $465 million in cash and cash equivalents on hand.
Other Key Metrics
- Inside same-store sales rose 4.0% year over year (Y/Y), and 7.9% Y/Y on a two-year stack basis, with an inside margin of 42.2%.
- Total inside gross profit increased 8.9% Y/Y to $624.0 million in the quarter.
- Same-store fuel gallons were up 0.4% Y/Y with a fuel margin of 41.0 cents per gallon. Total fuel gross profit surged 15.3% Y/Y to $348.2 million.
- Same-store operating expenses excluding credit card fees were up 4.6% in the quarter.
CEO Darren Rebelez stated, “Our high quality inside offering, along with a compelling value proposition, continues to attract guests to our stores. On the fuel side, the team had another sound quarter, expanding fuel margin while reporting positive same-store gallon growth. All of this was anchored by our store level operations team, who continue to meet our guests’ needs in an efficient manner.”
Dividend
The board approved a quarterly dividend of 57 cents per share payable on May 15 to shareholders of record on May 1, 2026.
Outlook
The company expects fiscal 2026 EBITDA growth of 18%–20% and inside same-store sales growth of 3.5%–4.5%.
Casey’s projects total operating expenses growth of about 10% and same-store fuel gallons sold growth of -1% and +1%.
The Ankeny, Iowa-based company anticipates about 80 new stores in fiscal 2026. That brings the three-year strategic plan total to roughly 500 stores.
Stock Price: CASY shares are trading lower by 2.75% at $646.30 at the last check on Tuesday.
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This article Why Casey's General Stores Shares Are Trading Lower On Tuesday? originally appeared on Benzinga.com
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