Casey’s General Stores on Tuesday reported net income of $162.7 million, or $4.37 per diluted share, for the quarter ended April 30, compared with $98.3 million, or $2.63 per share, in the same period a year earlier. Analysts surveyed by FactSet had expected $3.31 per share.
Revenue climbed to $4.57 billion from $3.99 billion, topping the $4.33 billion consensus estimate.
The company attributed the stronger-than-expected results to broad-based inside-store performance. Casey’s said sales of whole pizzas posted particular strength, alongside appetizers, sides, and nonalcoholic beverages. Inside same-store sales — a key retail metric measuring revenue from stores open at least a year — rose 5.5% in the quarter. Fuel gallons sold at locations open at least a year increased 1.5%.
For the fiscal year ending April 2027, Casey’s said it expects earnings before interest, taxes, depreciation, and amortization to increase 8% to 10%. The company projects inside same-store sales growth of 2% to 5%.
Casey’s also said it plans to expand its physical footprint by at least 120 stores this fiscal year through a combination of mergers and acquisitions and new store construction. The chain operates more than 2,600 convenience stores across the Midwest and South.
Casey’s shares rose 1.27% in trading Tuesday. The Dow Jones Industrial Average, a blue-chip stock index, closed at 50,786.01 on June 9.