Casey's General Stores, Inc. reported financial results for the three months and year ended April 30, 2026, achieving record fiscal 2026 performance with net income of $714.4 million, an increase of 30.7% from the prior year. Diluted earnings per share (EPS) reached $19.16, a 30.9% increase, while EBITDA grew 23.6% to nearly $1.5 billion. The company's strong results were driven by a 10.2% increase in total inside sales and a 21% rise in fuel gross profit, supported by strategic pricing and operational efficiency.

For the fourth quarter, diluted EPS was $4.37, a 66.2% increase from the same period a year ago, beating analyst estimates. Quarterly sales were $4.57 billion, up 14.51% year-over-year. Net income for the quarter was $162.7 million, an increase of 65.5%, and EBITDA was $350.3 million, an increase of 33.2%. Inside same-store sales rose 5.5% with a margin of 42.4%, while fuel same-store gallons increased 1.5% with a margin of 46.9 cents per gallon.

"Casey's delivered another record fiscal year as our team closed out the three-year strategic plan on an extremely high note, reaching $714 million of net income and nearly $1.5 billion of EBITDA," said Darren Rebelez, President and CEO. "Inside same-store sales for the year were extremely strong, up 4.2%, or 7.0% on a two-year stack basis, led by strong performance in prepared foods and non-alcoholic beverages."

Fourth Quarter and Fiscal Year 2026 Results

Capital Allocation and Outlook

In June, the Board of Directors authorized an expansion of its existing share repurchase program up to a total amount of $1 billion, leaving $1 billion remaining under the updated authorization. During the quarter, the company repurchased approximately $63 million of shares. The Board also voted to increase the quarterly dividend by 14% to $0.65 per share, payable August 14, 2026, to shareholders of record on August 1, 2026.

For fiscal 2027, Casey's expects inside same-store sales to increase 2% to 5% with an inside margin above 42%. The company anticipates opening at least 120 stores through an even mix of acquisitions and new builds. EBITDA is expected to increase 8% to 10%, while total operating expenses are projected to rise approximately 5% to 7%. Net interest expense is expected to be approximately $95 million, and depreciation and amortization is expected to be approximately $490 million.

Casey's General Stores, Inc. has appointed Stanley J. Sutula III to its Board of Directors, bolstering the group's financial and strategic expertise. Sutula currently serves as the Chief Financial Officer at Colgate-Palmolive Company, a position he has held since 2020, where he oversees global finance, IT, and mergers and acquisitions teams. The appointment is effective immediately and temporarily increases the number of directors on the board from eleven to twelve.

Sutula brings over 35 years of experience in corporate finance, financial planning, operations, tax, strategic planning, and risk management. Prior to his role at Colgate-Palmolive, he served as Executive Vice President and Chief Financial Officer at Pitney Bowes Inc. He also spent 28 years at IBM Corporation in various financial management roles, including as Vice President and Controller.

"We are excited to welcome Stan to the Board as he adds deep financial and strategic expertise to our already expansive board capabilities," said Darren Rebelez, Casey's Board Chair, President and CEO. "His leadership in these areas will benefit Casey's, the Board and its shareholders immensely."

The expansion of the board follows the decision by director Cara Heiden to retire effective September 2, 2026. Rebelez thanked Heiden for nearly a decade of distinguished service and leadership on the Board and its Audit Committee. Following Heiden's retirement, the board size will return to eleven members.

Sutula graduated from Northeastern University with a degree in Finance & Management and holds an MBA in Finance from Fordham University's Gabelli School of Business. Casey's General Stores is a Fortune 500 company and the third-largest convenience store retailer and fifth-largest pizza chain in the United States, operating over 2,900 convenience stores.

Board Composition