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 fiscal year 2027, Casey's General Stores reported a revenue of $5.68 billion, representing a 24.3% increase year-over-year, driven by higher inside sales and fuel prices. Earnings per share (EPS) reached $7.37, up 28% from the previous year, alongside a net income of $274 million, a 27% increase. Management maintained their annual guidance, indicating strong operational performance despite challenges from ongoing store remodels and integration efforts from recent acquisitions.

Reported metrics

Guidance from management

Management maintained their annual guidance, indicating that they expect similar operating expense increases in the second quarter as seen in the first quarter. They noted, "We plan to update annual guidance on our second quarter earnings call."

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 sustainability of fuel margins and the impact of ongoing remodels on same-store sales. They questioned the potential long-term effects of higher operating expenses and consumer behavior shifts affecting grocery and general merchandise sales.

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, primarily due to higher inside sales and increased fuel prices. Management noted, "Our total revenue for the qua...
• Earnings Performance — The company achieved diluted EPS of $7.37, reflecting a 28% increase from the prior year. This performance underscores the effectiveness of their strategic initiatives, as stated by management: "Diluted EPS finished at $...
• Same-Store Sales Trends — Inside same-store sales increased by 3.2% for the quarter, with a 7.7% increase on a 2-year stack basis. Management highlighted that "inside same-store sales were up 3.2% for the quarter or 7.7% on a 2-year stack basis."
• Fuel Margin Dynamics — Fuel margin was reported at $0.478 per gallon, up $0.068 from the prior year, despite a slight decline in same-store gallons sold. Management noted, "Fuel margin for the quarter was $0.478 per gallon, up $0.068 per gallo...

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