Dec 9 () -
Overview

• Convenience store chain's Q2 diluted EPS rose 14% yr/yr

• Inside same-store sales grew 3.3%, boosting total inside gross profit by 13.5%

• Caseys General Stores Inc updates fiscal 2026 outlook, expects EBITDA to rise 15% to 17%

Outlook

• Caseys expects fiscal 2026 EBITDA to increase 15% to 17%

• Company anticipates opening at least 80 stores in fiscal 2026

• Caseys projects fiscal 2026 inside same-store sales growth of 3% to 4%

Result Drivers

• INSIDE SALES GROWTH - Strong performance in prepared foods and beverages drove inside same-store sales growth, boosting total inside gross profit

• STORE EXPANSION - Operating nearly 9% more stores than the prior year contributed to overall financial results

• FUEL MARGIN IMPROVEMENT - Fuel margin increased to 41.6 cents per gallon, contributing to higher fuel gross profit

Key Details

Analyst Coverage

• The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 9 "strong buy" or "buy", 6 "hold" and no "sell" or "strong sell"

• The average consensus recommendation for the food retail & distribution peer group is "buy"

• Wall Street's median 12-month price target for Caseys General Stores Inc is $600.00, about 5.9% above its December 8 closing price of $566.52

• The stock recently traded at 32 times the next 12-month earnings vs. a P/E of 30 three months ago

Press Release: ID:nBw3CPnfca

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(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)