Casey's General Stores (CASY) Tops Q1 EPS by 69c

Casey's General Stores (NASDAQ: CASY) reported Q1 EPS of $7.37, $0.69 better than the analyst estimate of $6.68. Revenue for the quarter came in at $5.68 billion versus the consensus estimate of $5.57 billion.

Fiscal 2027 Outlook

• The Company's fiscal 2027 outlook previously disclosed remains unchanged. Casey's expects the following performance during fiscal 2027. The Company expects inside same-store sales to increase 2% to 5% with an inside margin above 42%. The Company expects same-store fuel gallons sold to be negative 1% to positive 1%. Total operating expenses are expected to increase approximately 5% to 7%. The Company expects EBITDA to increase 8% to 10%, which would imply 35% on a two-year stack basis at the midpoint of the range. The Company expects to open at least 120 stores in fiscal 2027 through a mix of M&A and new store construction. Net interest expense is expected to be approximately $95 million. Depreciation and amortization is expected to be approximately $490 million and the purchase of property and equipment is expected to be approximately $800 million. The tax rate is expected to be approximately 24% to 26% for the year.

For earnings history and earnings-related data on Casey's General Stores (CASY) click here.

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