Casey's General Stores Boosts Outlook for Same-Store Sales After 3Q Net Income Rises

Dow Jones
Mar 10

By Amira McKee

 

Casey's General Stores raised its full-year outlook after logging higher net income and revenue in its third quarter.

The convenience-store chain now expects full-year same-store sales to increase 3.5% to 4.5% in 2026, compared with its prior outlook of 3% to 4%. It also guided for earnings before interest, taxes, depreciation and amortization to grow 18% to 20%, up from earlier guidance of 15% to 17% growth.

The Ankeny, Iowa, company recorded a net income of $130.1 million, or $3.49 a share, for the third-quarter ended Jan. 31, compared with $87.1 million, or $2.33 a share, a year earlier.

Revenue rose up to $3.92 billion, missing Wall Street's forecast of $4.04 billion, according to FactSet.

Inside same-store sales increased 4%. Inside revenue gained 5.7% to $1.48 billion, boosted by sales of whole pizzas and hot sandwiches as well as strong performance in non-alcoholic beverages.

The number of fuel gallons sold rose 2.3% to 848.4 million, on an increase in store counts and growth in same-store fuel sales.

 

Write to Amira McKee at amira.mckee@wsj.com

 

(END) Dow Jones Newswires

March 09, 2026 17:06 ET (21:06 GMT)

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