Yesway Q1 Net Income Hits $30.2M, Adjusted EBITDA Surges 113%
YSWY•Yesway achieved record Q1 results with net income of $30.2M versus a $5.6M loss year-over-year and 112.9% year-over-year Adjusted EBITDA growth to $59.2M. Same-store merchandise sales grew 4.5%, inside sales rose 9.5% with 36.1% margin; fuel gallons climbed 0.2% and fuel gross profit jumped 48.6% to a 49.4¢ margin.
1. Record First Quarter Financial Performance
Yesway delivered record financial results for Q1 fiscal 2026, reporting net income of $30.2 million versus a $5.6 million loss in Q1 2025. Income from operations rose to $42.4 million and Adjusted EBITDA surged 112.9% to $59.2 million, reflecting robust profitability improvements.
2. Merchandise and Fuel Segment Growth
Inside merchandise sales increased 9.5% year-over-year to $213.7 million with gross profit up 15.9% and margin reaching 36.1%. Same-store merchandise sales grew 4.5%, while fuel sales climbed 16.0% to $464.3 million and fuel gross profit jumped 48.6% on a margin of 49.4 cents per gallon.
3. Operating Metrics and Store Contribution
Store contribution increased 72.7% year-over-year to $74.6 million, driven by higher fuel margins, increased fuel volumes and expanded merchandise sales. Same-store fuel gallons sold rose 0.2% and total inside merchandise and fuel gross profit improved 21.8% compared to the prior-year quarter.
4. Growth Outlook and Store Count
Yesway operated 449 stores at quarter end, opening one new location during Q1 and maintaining a pipeline of potential dispositions for 29 Iowa and Kansas stores. The company introduced its fiscal 2026 outlook, citing confidence in growth strategy, capital allocation and long-term shareholder value creation.
