Casey's General Stores, Inc. (CASY) Earnings Call Transcripts

Casey's General Stores, Inc.'s Latest Earnings Call - Q1 FY2027

In the first quarter of FY 2027, Casey's General Stores reported strong financial performance, with total revenue reaching $5.68 billion, a 24.3% increase year-over-year, primarily driven by higher inside sales and fuel prices. Diluted EPS was $7.37, up 28% from the prior year, and net income increased by 27% to $274 million. Management maintained guidance for the fiscal year, indicating that they expect operating expenses to grow in line with the first quarter's trends, while same-store sales showed resilience despite some headwinds from ongoing store remodels.

Reported metrics

Guidance from management

Management maintained their annual guidance, indicating that they expect operating expenses to grow similarly to the first quarter. They noted that same-store sales trends are within their annual guidance ranges.

What management said

Yes. And I would probably just add to that, all of this was confidence in our annual guidance, we knew all this was going to happen. And so none of this is a surprise and I think it's exactly kind of the impact and the timing that we would have expected.

Yes. For this is Steve. I'll address that. We are about 80% covered through early into the first quarter of next fiscal year. And generally, certainly, for the remainder of this fiscal year, the out quarters, we would be covered in a modest tailwind to margin each of those 3 quarters.

What analysts pressed on

Analysts expressed concerns regarding the impact of remodels on same-store sales and the sustainability of fuel margins. There were questions about the competitive landscape and how rising operating expenses might affect profitability moving forward.

Main topics on the call

• Revenue Growth — Casey's reported total revenue of $5.68 billion, an increase of $1.11 billion or 24.3% from the prior year, driven by higher inside sales and fuel prices. Management noted, "The results were favorably impacted by operati...
• Same-Store Sales Performance — Same-store sales increased by 3.2% for the quarter, with inside sales up 5.6%. However, management indicated that there was a 25 basis point headwind from the Fikes construction, which impacted sales. Darren Rebelez stat...
• Margin Expansion — Gross profit margin for the quarter was 42.2%, up 30 basis points from the prior year, primarily due to a favorable mix shift. The prepared food and dispensed beverage gross profit margin was notably strong at 59.3%, up ...
• Operating Expenses — Total operating expenses increased by 8% or $55.9 million, with approximately 2% attributed to unit growth. Management noted that same-store employee expenses accounted for about 1.5% of the increase, primarily due to wa...

Read the full Casey's General Stores, Inc. transcript (Q1 FY2027) → Summary generated from the call transcript; every figure above is stated by management on the record.

Earnings Call History

EarningsCalls.dev has 41 Casey's General Stores, Inc. earnings call transcripts on record, spanning January 9, 2020 to September 9, 2026. Based on this history, Casey's General Stores, Inc. reports quarterly. The most recent call on file is dated September 9, 2026. The full list is below — each row opens the complete, free-to-read transcript.

Ticker

CASY

Exchange

NasdaqGS

Country

US

Sector

Consumer Staples

Industry

Consumer Staples Distribution and Retail

Calls on record

41

First call

January 9, 2020

Most recent

September 9, 2026

Reporting cadence

quarterly