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CASEYS GENERAL STORES INC 8-K Report, Financial Results (Jun 9, 2026)

Reports
Earnings & Results·Leadership Changes·Corporate Changes+2
Filing Date
Filed June 9, 2026
Period End
June 3, 2026
Security
CASY
In the record · 2016–202610-K1110-Q328-K130

CASY filed 11 annual reports (10-K), 32 quarterly reports (10-Q) and 130 current reports (8-K) between 2016 and 2026.

  1. Material agreement8-K · Oct ’16Oct ’16
  2. Material agreement8-K · Jan ’19Jan ’19
  3. Leadership change8-K · Jul ’21Jul ’21
  4. Leadership change8-K · Jun ’25Jun ’25

01—Abstract

Summary

Summary of the 8-K filed June 9, 2026. Cited figures are marked; the original filing is the authoritative source.

Casey's General Stores (CASY) reported a strong close to fiscal 2026 for the quarter and year ended April 30, 2026.

Fourth-quarter diluted EPS rose 66.2% to $4.37a, net income rose 65.5% to $162.7 million, and EBITDA rose 33.2% to $350.3 million. For the full year, diluted EPS was $19.16 (up 30.9%), net income was $714.4 million (up 30.7%), and EBITDA was about $1.48 billion (up 23.6%). Growth was driven by inside same-store sales (up 5.5% in Q4, 4.2% for the year), a 120 basis point improvement in inside margin in the quarter, and a sharp rise in fuel margin to 46.9 cents per gallon in Q4 from 37.6 cents a year earlier.

Fuel gross profit rose 29.1%b in the quarter. Operating expenses grew 10.1%, partly from accrued variable compensation tied to the strong results. Capital return and shareholder items were prominent.

The Board raised the quarterly dividend 14% to $0.65c per share, the 27th consecutive annual increase, and expanded the share repurchase authorization from $400 million to $1 billion with no expiration date. The company ended the year with about $1.4 billion in available liquidity. Casey's was also added to the S&P 500 during the year.

The 8-K also disclosed compensation actions: FY2026 annual incentive payouts at 161% of target, new FY2027 equity and cash incentive structures, and amended bylaws that let holders of at least 25% of voting power call a special shareholder meeting. For fiscal 2027, management guided to inside same-store sales growth of 2% to 5% with inside margin above 42%, EBITDA growth of 8% to 10%, total operating expense growth of 5% to 7%, and at least 120 new stores. Investors should weigh the strong earnings momentum against guidance that implies a deceleration from fiscal 2026's EBITDA growth, along with rising operating costs and capital spending of roughly $800 milliond.

02—Key points

Key Highlights

  1. Q4 FY2026 diluted EPS of $4.37 (up 66.2%), net income of $162.7 million (up 65.5%), and EBITDA of $350.3 million (up 33.2%).
  2. FY2026 diluted EPS of $19.16 (up 30.9%), net income of $714.4 million, and EBITDA of about $1.48 billion (up 23.6%).
  3. Q4 inside same-store sales up 5.5% with inside margin of 42.4% (up about 120 bps); fuel margin of 46.9 cents per gallon versus 37.6 cents a year earlier.
  4. Board raised the quarterly dividend 14% to $0.65 per share, the 27th consecutive annual increase, payable August 14, 2026.
  5. Share repurchase authorization expanded from $400 million to $1 billion with no expiration; about $63 million repurchased in Q4.
  6. FY2027 guidance: inside same-store sales +2% to +5%, EBITDA +8% to +10%, operating expenses +5% to +7%, at least 120 new stores, and capex of about $800 million.
  7. Compensation and governance changes: FY2026 incentive payouts at 161% of target, a new FY2027 annual plan weighted 60% EBITDA and 40% inside same-store sales, and bylaws allowing shareholders holding 25% or more to call special meetings.

03—Questions

Frequently Asked Questions

  1. How strong were Casey's fourth-quarter and full-year fiscal 2026 results?

    Results were very strong. Q4 diluted EPS rose 66.2% to $4.37 and EBITDA rose 33.2% to $350.3 million. For the full year, diluted EPS was $19.16 (up 30.9%) and EBITDA was about $1.48 billion (up 23.6%). Gains came from both inside and fuel gross profit, partly offset by higher operating expenses.

  2. What is driving margin improvement?

    Inside margin rose about 120 basis points in Q4 to 42.4%, attributed to cost of goods management, lower waste, and product mix. Fuel margin reached 46.9 cents per gallon in Q4, up from 37.6 cents, and fuel gross profit grew 29.1%. Fuel gallons were up 3.6% overall, helped by new stores and a 1.5% same-store gain.

  3. What does the expanded buyback and dividend increase signal?

    The 14% dividend increase to $0.65 per quarter and the expansion of the repurchase authorization to $1 billion signal management confidence in cash generation. Operating cash flow was $1.38 billion for the year, and liquidity was about $1.4 billion at fiscal year-end. Repurchases remain discretionary and can be suspended at any time.

  4. What is the outlook for fiscal 2027?

    Management expects inside same-store sales growth of 2% to 5%, inside margin above 42%, EBITDA growth of 8% to 10%, and operating expense growth of 5% to 7%. It also plans at least 120 store openings, net interest expense of about $95 million, D&A of about $490 million, capex of about $800 million, and a tax rate of 24% to 26%. The EBITDA guidance implies slower growth than fiscal 2026.

  5. Are there governance or compensation changes investors should note?

    Yes. Executives received fiscal 2026 annual incentive payouts at 161% of target. Long-term equity awards for fiscal 2027 are split between time-based RSUs (25%) and performance-based PSUs tied to ROIC and EBITDA (75%), with a three-year performance period and a relative TSR modifier of up to plus or minus 25%. The Bylaws now allow shareholders holding at least 25% of voting power to call special meetings, and the updated award agreements add non-compete and non-solicitation provisions.

04—Continue

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