Casey's General Stores (CASY) investor relations material

Executive summary

• Achieved strong first quarter results with EPS up 27.7% to $7.37, net income up 27.1% to $273.7 million, and EBITDA up 17.1% to $485.1 million, reflecting the effectiveness of the strategic plan and business model integration.

• Operated 2,959 stores in 19 states as of July 31, 2026, with continued expansion through new builds and acquisitions, and maintained a 100% company-owned model for operational consistency.

• Achieved 27 consecutive years of inside same-store sales growth and dividend increases, with over 800 million guest transactions annually.

• Continued successful integration of the Fikes/CEFCO acquisition, with remodeled stores showing substantial performance lifts, especially in prepared foods.

• Maintained operational efficiency, meeting increased food demand without increasing labor hours, and advanced continuous improvement initiatives.

Financial highlights

• Total revenue for Q1 FY2027 was $5.68 billion, up 24.3% year-over-year, driven by higher inside sales and fuel prices.

• Net income rose 27.1% to $273.7 million; EBITDA increased 17.1% to $485.1 million.

• Inside sales grew 5.6% to $1.78 billion; prepared food and dispensed beverage sales up 7.4%, grocery and general merchandise up 4.9%.

• Gross profit reached $1.24 billion, up 11.4% year-over-year; inside gross profit margin was 42.2%, up 30 bps.

• Operating expenses increased 8%, mainly due to store growth, higher credit card fees, labor rates, and insurance.

Outlook and guidance

• Fiscal 2027 outlook unchanged: inside same-store sales expected to rise 2–5% with inside margin above 42%; EBITDA expected to grow 8–10%.

• Plans to open at least 120 stores in fiscal 2027 through acquisitions and new construction.

• Annual guidance will be updated after the second quarter, following the seasonally largest period.

• Liquidity supported by strong operating cash flow and available credit facilities.