Key Stats for Casey’s General Stores Stock
- Price change for Casey’s General Stores stock: 4%
- $CASY Share Price as of Mar. 10: $690
- 52-Week High: $694
- $CASY Stock Price Target: $692
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What Happened?
Casey’s General Stores (CASY) stock slipped but then recovered quickly after Q3 revenue came in slightly below expectations, as the underlying business results were genuinely strong.
- Total revenue was $3.91 billion, up just 0.3% from last year.
- Higher inside sales and more fuel gallons sold were mostly offset by lower retail fuel prices. That’s a tough comparison to beat on the top line.
- But look past revenue, and the numbers are impressive.
- Diluted EPS jumped 50% to $3.49.
- Net income rose 49% to $130 million.
- EBITDA hit $309 million, up 27.5%. Those are big gains.
- Same-store sales grew 4%, or nearly 7.4% on a two-year stack.
- Prepared food margins came in at 58.3%.
- Fuel margin topped $0.40 per gallon for the fifth straight quarter.
- Casey’s has also crossed 10 million loyalty members and expanded its chicken wings program to over 550 stores.
Management was confident enough to raise its fiscal 2026 EBITDA growth guidance to 18% to 20%.
The company also ended the quarter with $1.4 billion in liquidity and repurchased about $76 million in shares.
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What the Market Is Telling Us About Casey’s General Stores Stock
Casey’s General Stores stock has been a strong long-term performer, and this quarter didn’t change that story.
The revenue miss appears to be more about fuel price headwinds than any weakness in the core business.
On the earnings call, CEO Darren Rebelez addressed concerns about rising oil prices from the Iran conflict.
He noted that Casey typically doesn’t see demand destruction until gas hits around $5 a gallon. Today, prices in their footprint are around $3.
That’s a comfortable cushion.
Casey’s General Stores stock looks like a high-quality business going through a short-term valuation reset. With raised guidance, strong food margins, and a growing loyalty program, the fundamentals remain intact.
Casey’s General Stores stock is one to watch as management unveils its next three-year strategic plan at Investor Day on June 24.
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Disclaimer:
Please note that the articles on TIKR are not intended to serve as investment or financial advice from TIKR or our content team, nor are they recommendations to buy or sell any stocks. We create our content based on TIKR Terminal’s investment data and analysts’ estimates. Our analysis might not include recent company news or important updates. TIKR has no position in any stocks mentioned. Thank you for reading, and happy investing!
