Casey's Shares Edge Higher After Strong Fiscal First-Quarter Results
The retailer beat first-quarter earnings and revenue estimates, while Zacks reported downward estimate revisions over the past month.
Key takeaways
- Casey's first-quarter fiscal 2027 earnings reached $7.37 per share, above the $6.60 consensus estimate.
- Fuel gross profit rose 19.6% to $446.9 million.
- The company kept its fiscal 2027 outlook unchanged and plans at least 120 store openings.
- Shares added about 0.7% in the month after earnings, underperforming the S&P 500.
Casey's General Stores shares gained about 0.7% in the month after its latest earnings report, underperforming the S&P 500. The company reported first-quarter fiscal 2027 earnings of $7.37 per share, above the $6.60 Zacks consensus estimate.
Revenue rose 24.3% to $5,678.3 million, also topping estimates. Higher gross profit from inside sales and fuel helped offset increased operating expenses, Casey's said.
Fuel gross profit climbed 19.6% to $446.9 million, while fuel margin excluding credit card fees widened to 47.8 cents per gallon from 41 cents a year earlier. Inside same-store sales rose 3.2%; fuel same-store gallons fell 0.3%.
Casey's kept its fiscal 2027 outlook unchanged, including expected EBITDA growth of 8% to 10% and plans to open at least 120 stores through acquisitions and new construction. Its three-year plan calls for at least 400 additional stores during fiscal 2027 through fiscal 2029.
Zacks reported that analyst estimates had generally moved lower over the past month. Casey's also said its board approved a quarterly dividend of 65 cents per share, payable Nov. 13, 2026.
This article was produced with the help of AI technology. Source: Yahoo Finance
