Casey's Q4 Earnings Beat Estimates, Shares Up 14%

Shares of Casey's General Stores surged more than 14% on Wednesday, June 10, 2026, after the convenience store chain reported fiscal fourth-quarter earnings that significantly exceeded analyst expectations. The stock, which traded near $877, was the top performer in the S&P 500 for the session.

The Iowa-based company reported diluted earnings per share of $4.37 for the quarter ended April 30, a 66% increase from the prior year and well above the consensus estimate of approximately $3.31. Revenue rose 14.5% to $4.57 billion, also surpassing forecasts. Net income for the quarter reached $162.7 million.

Strong fuel margins and robust inside sales drove the results. Fuel gross profit jumped 29% to $397.4 million, with the margin per gallon expanding to 46.9 cents. Inside same-store sales, which exclude fuel, increased 5.5%, led by strong demand for prepared foods, particularly whole pizzas, sides, and non-alcoholic beverages.

For the full 2026 fiscal year, Casey's reported diluted EPS of $19.16, a 30.9% increase, with annual revenue growth of 10.7%. The company's board approved a 14% increase in the quarterly dividend to $0.65 per share, marking the 27th consecutive annual raise. The...