Casey's third quarter 2026 EPS beats by 16% on strong margins and raises guidance, offsetting a slight revenue miss.

Casey's reported third quarter total revenue of $3.92 billion and diluted EPS of $3.49. While revenue was roughly flat year-over-year, EPS grew nearly 50%, driven by significant margin expansion across both its inside store and fuel businesses, prompting the company to raise its full-year outlook.

Key Highlights

• Diluted EPS increased by 49.8% year-over-year to $3.49, beating analyst estimates of $3.01.
• Inside same-store sales grew 4.0%, exceeding the 3.5% consensus estimate, with inside margin expanding 130 basis points to 42.2%.
• Fuel gross profit rose 15.3% to $348.2 million, as fuel margin expanded significantly to 41.0 cents per gallon from 36.4 cents a year ago.
• The company raised its fiscal 2026 outlook, now expecting EBITDA to increase by 18% to 20%, up from prior guidance.