Q4 2026 Caseys General Stores Inc Earnings Call Transcript
Key Points
- Casey's General Stores Inc (CASY) achieved the highest ever diluted earnings per share at $19.16 and net income of $714 million, both representing a 31% increase over the prior year.
- The company generated nearly $1.5 billion in EBITDA, marking its highest ever, with a 23% increase from the prior year.
- Total inside sales grew by 10.2% during the year, with inside same-store sales up 4.2% or 7% on a two-year stack basis.
- Fuel gross profit increased by 21%, with total fuel gallons sold up 10% and fuel margin averaging 42.06 cents per gallon.
- Casey's General Stores Inc (CASY) plans to open at least 120 stores in fiscal 2027 through a mix of mergers and acquisitions and new store construction.
- Same-store operating expenses, excluding credit card fees, were up 3.7% for the year, impacted by a reduction of same-store labor hours of 0.2%.
- Total operating expenses increased by 10.1% or $67 million in the fourth quarter, with approximately 2% due to operating 40 more stores than the prior year.
- Higher performance-based variable incentive compensation and discretionary charitable contributions contributed to approximately 4% of the operating expense increase.
- The effective tax rate for the quarter was 23.7%, up from 23% in the prior year due to an increase in unfavorable permanent differences.
- The company anticipates first-quarter operating expenses to be up high single-digits, partially due to higher credit card fees from increased retail fuel prices.
Good day and thank you for standing by.
Welcome to the Casey's General Stores Fourth Quarter Fiscal Year 2026 Earnings Conference Call.
At this time, all participants are in listen-only mode. After the speaker's presentation, there will be a question-and-answer session.
To ask a question during the session, you will need to press *11 on your telephone. You will then hear an automated message advising your hand is raised. To withdraw your question, please press *11 again.
Please be advised that today's conference is being recorded.
I would now like to hand the conference over to your speaker today, Brian Johnson, Senior Vice President, Investor Relations and Business Development. Please go ahead.
Good morning, and thank you for joining us to discuss the results from our fourth quarter and fiscal year ended April 30, 2026. I am Brian Johnson, Senior Vice President, Investor Relations and Business
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