Casey’s General Stores (CASY) Stock Jumps 15% After Blowout Q4 Earnings

TLDR

• Casey’s stock jumped 15% on Wednesday to $877 after beating earnings on both the top and bottom lines
• EPS came in at $4.37 vs. the $3.31 Wall Street estimate; revenue hit $4.57B vs. $4.33B expected
• Fuel gross profit surged 29% to $397.4 million, well above the $331M analyst estimate
• Same-store sales rose 5.5%, beating the 4.9% expectation, led by food — particularly pizza
• Casey’s raised its quarterly dividend 14% to 65 cents a share and guided for 8%–10% EBITDA growth in fiscal 2027

Casey’s General Stores (CASY) stock surged 15% to $877 on Wednesday, leading the S&P 500 after the convenience store operator posted a blowout fiscal Q4 report Tuesday evening.

Casey’s General Stores, Inc., CASY

EPS came in at $4.37, up 66% year-over-year and well ahead of the $3.31 Wall Street was expecting. Revenue grew 14% to $4.57 billion, topping the $4.33 billion consensus.

The stock has now gained 59% in 2026 and is closing in on its record closing high of $888.36 set on May 13.

The standout number was fuel. Total fuel gross profit jumped 29% to $397.4 million — analysts had penciled in $331 million. Fuel margin hit 46.9 cents per gallon versus an expected 39.41 cents.

Gasoline prices have run hard this year. The average price of a gallon of unleaded regular is now $4.16 in the U.S., up roughly 46% from $2.84 at the start of the year. Since the U.S.-Iran war began in late February, the average gallon has risen 39%.

Fuel and Food Drive the Beat

CEO Darren Rebelez credited the fuel team for balancing volume and margin. For the full fiscal year, fuel gross profit rose 21%.

Inside same-store sales — excluding fuel — rose 5.5% in Q4, beating the 4.9% estimate. Pizza was called out as a key driver.

For all of fiscal 2026, Casey’s grew full-year revenue 10.7% and earnings 30.9% to $19.16 per share.

KeyBanc analyst Bradley Thomas noted that results “point to continued momentum with the business.”

What Guidance Looks Like for Fiscal 2027

For the year ahead, Casey’s guided for inside same-store sales growth of 2% to 5%, with inside margins above 42%. Fuel gallons sold are expected to be flat to down 1%.

EBITDA is forecast to grow 8% to 10%. Wall Street is currently modeling 9% revenue growth for fiscal 2027.

Casey’s also raised its quarterly dividend 14% to 65 cents per share, payable August 14 to holders of record on August 1.

RBC Capital raised its price target to $794 from $792 and kept a Sector Perform rating, noting Casey’s posted better-than-expected metrics across the board.

Casey’s joined the S&P 500 in April 2026 and operates more than 2,900 stores, making it the third-largest convenience store chain in the U.S.

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