Casey’s Q3 EPS of $3.49 Beats, Revenue Misses $4.04 Billion Estimate; Guides 18–20% EBITDA Growth
Casey’s Q3 fiscal 2026 EPS rose to $3.49 versus a $2.99 consensus while revenue of $3.92 billion fell short of the $4.04 billion estimate. The company held $465 million in cash, delivered 4% same-store inside sales growth and guided 18–20% EBITDA expansion with 80 new stores planned.
1. Q3 Earnings and Revenue
Casey’s reported third-quarter EPS of $3.49, surpassing the $2.99 consensus, while revenue came in at $3.92 billion, below the $4.04 billion forecast. Shares dipped 2.75% following the mixed results.
2. Sales Performance and Margins
Inside same-store sales climbed 4.0% year-over-year and 7.9% on a two-year stack, with an inside margin of 42.2% generating $624.0 million in inside gross profit. Same-store fuel gallons rose 0.4% with a $0.41 per-gallon fuel margin, lifting fuel gross profit by 15.3% to $348.2 million.
3. Cash Position and Dividend
As of January 31, the company held approximately $465 million in cash and cash equivalents. The board declared a quarterly dividend of $0.57 per share payable on May 15 to shareholders of record on May 1, 2026.
4. Outlook and Expansion Plans
For fiscal 2026, Casey’s expects 18–20% EBITDA growth, 3.5–4.5% inside same-store sales growth and operating expense increases of about 10%. The company projects flat to 1% fuel gallon growth and aims to open 80 new stores, reaching roughly 500 new locations over its three-year plan.