More from CASY Q1 2027

Casey's General Stores, Inc.

CASY2027 Q1Consumer

Cefco Remodels Combine Temporary Disruption With Significant Food Sales Lift

Casey's remodeled 24 additional Cefco stores during the first quarter after approximately 50 remodels in fiscal 2026.
Affected stores experienced four to six weeks of disruption, including partial closures and construction activity.
Cefco remodeling created approximately 25 basis points of inside same-store sales headwind and 50 basis points of fuel-gallon headwind.
Remodeled stores generated an average prepared-food and dispensed-beverage lift of approximately 30% versus the pre-remodel comparison period.
Management expects the remodel benefit to become more visible in the fourth quarter rather than the second or third quarters.

Casey's General Stores, Inc.

CASY2027 Q1Consumer

Financial Performance Summary

Diluted EPS was $7.37, up 28% year over year, while net income increased 27% to $274 million.
EBITDA rose 17% year over year to $485 million and increased 40% on a two-year stack basis.
Free cash flow was $190 million versus $262 million in the prior year, primarily due to increased capital expenditures for Cefco remodels.
Inside same-store sales increased 3.2%, with prepared food and dispensed beverages up 4.8% and grocery and general merchandise up 2.7%.
Revenue increased 24.3% to $5.68 billion, driven primarily by higher inside sales, higher fuel prices, higher fuel gallons, and operating approximately 2% more stores.
Same-store gallons declined 0.3%, partly reflecting a 50-basis-point headwind from Cefco remodeling, while fuel gallons sold companywide increased 2.5%.
Total gross profit increased 11.4% to $1.24 billion; inside gross margin expanded 30 basis points to 42.2%, while fuel margin reached 47.8 cents per gallon.

Casey's General Stores, Inc.

CASY2027 Q1Consumer

59.3% margin

Prepared food and beverage margin expanded sharply

Prepared food and dispensed beverage gross margin increased 130 basis points, aided by lower cheese costs, mix, and the internal distribution-cost reclassification.

More from CASY Q1 2027

Casey's General Stores, Inc.

CASY2027 Q1Consumer

Cefco Remodels Combine Temporary Disruption With Significant Food Sales Lift

Casey's remodeled 24 additional Cefco stores during the first quarter after approximately 50 remodels in fiscal 2026.
Affected stores experienced four to six weeks of disruption, including partial closures and construction activity.
Cefco remodeling created approximately 25 basis points of inside same-store sales headwind and 50 basis points of fuel-gallon headwind.
Remodeled stores generated an average prepared-food and dispensed-beverage lift of approximately 30% versus the pre-remodel comparison period.
Management expects the remodel benefit to become more visible in the fourth quarter rather than the second or third quarters.

Casey's General Stores, Inc.

CASY2027 Q1Consumer

Financial Performance Summary

Diluted EPS was $7.37, up 28% year over year, while net income increased 27% to $274 million.
EBITDA rose 17% year over year to $485 million and increased 40% on a two-year stack basis.
Free cash flow was $190 million versus $262 million in the prior year, primarily due to increased capital expenditures for Cefco remodels.
Inside same-store sales increased 3.2%, with prepared food and dispensed beverages up 4.8% and grocery and general merchandise up 2.7%.
Revenue increased 24.3% to $5.68 billion, driven primarily by higher inside sales, higher fuel prices, higher fuel gallons, and operating approximately 2% more stores.
Same-store gallons declined 0.3%, partly reflecting a 50-basis-point headwind from Cefco remodeling, while fuel gallons sold companywide increased 2.5%.
Total gross profit increased 11.4% to $1.24 billion; inside gross margin expanded 30 basis points to 42.2%, while fuel margin reached 47.8 cents per gallon.

Casey's General Stores, Inc.

CASY2027 Q1Consumer

59.3% margin

Prepared food and beverage margin expanded sharply

Prepared food and dispensed beverage gross margin increased 130 basis points, aided by lower cheese costs, mix, and the internal distribution-cost reclassification.

Casey's General Stores, Inc. Earnings Quote from Stephen Bramlage Jr.

More from CASY Q1 2027

Casey's General Stores, Inc. 2027 Q1: Cefco Remodels Combine Temporary Disruption With Significant Food Sales Lift

Casey's General Stores, Inc. 2027 Q1: Financial Performance summary

More from CASY Q1 2027

More from CASY Q1 2027

Casey's General Stores, Inc. 2027 Q1: Cefco Remodels Combine Temporary Disruption With Significant Food Sales Lift

Casey's General Stores, Inc. 2027 Q1: Financial Performance summary