Casey's General Stores (CASY) investor relations material

Executive summary

• Achieved record diluted EPS of $19.16 and net income of $714.4 million for the year, both up over 30% year-over-year; Q4 diluted EPS was $4.37, up 66%, and net income rose 65.5% to $162.7 million.

• EBITDA reached nearly $1.5 billion for the year, up over 23%; Q4 EBITDA increased 33.2% to $350.3 million.

• Inside sales grew 10.2% for the year, with strong performance in prepared food, beverages, and grocery; inside same-store sales rose 4.2% for the year and 5.5% in Q4.

• Fuel gross profit rose 21% year-over-year, with total gallons sold up 10%; Q4 fuel gross profit up 29.1% and gallons sold up 3.6%.

• Completed three-year strategic plan, exceeding growth and operational efficiency targets; added to S&P 500 Index.

Financial highlights

• Q4 total revenue was $4.57 billion, up from $3.99 billion; annual revenue reached $17.56 billion, up from $15.94 billion.

• Q4 inside sales were $1.52 billion, up 7.4%, with inside gross profit up 10.5% to $643.4 million.

• Q4 inside margin was 42.4%, up 120 bps; prepared food and beverage margin reached 59.5%.

• Q4 fuel margin was $0.469 per gallon, up $0.093 year-over-year; Q4 fuel gross profit was $397.4 million, up 29.1%.

• Operating expenses for Q4 increased 10.1% to $730 million, with 40 more stores year-over-year.

Outlook and guidance

• Fiscal 2027 inside same-store sales expected to rise 2%-5% with margin above 42%.

• Same-store fuel gallons sold expected between -1% and +1%.

• EBITDA projected to increase 8%-10%; at least 120 new stores planned via M&A and new builds.

• Operating expenses expected to rise 5%-7%; net interest expense ~$95 million; D&A ~$490 million; capex at $800 million; tax rate 24%-26%.