Core Insights - Casey's General Stores (CASY) reported $4.51 billion in revenue for the quarter ended October 2025, marking a year-over-year increase of 14.2% and an EPS of $5.53 compared to $4.85 a year ago [1] - The revenue fell short of the Zacks Consensus Estimate of $4.55 billion by -1.03%, while the EPS exceeded the consensus estimate of $4.92 by +12.4% [1] Financial Performance Metrics - The number of stores at the end of the period was 2,921, slightly above the estimated 2,920 [4] - Same-store sales for Grocery & General Merchandise increased by 2.7%, below the average estimate of 3.1% [4] - Fuel gallons sold totaled 906.65 million, lower than the estimated 919.75 million [4] - Same-store sales for Fuel gallons showed a year-over-year increase of 0.8%, surpassing the estimated 0.5% [4] - Same-store sales for Prepared Food & Dispensed Beverage rose by 4.8%, exceeding the average estimate of 4% [4] - Net Sales for Fuel reached $2.69 billion, below the estimated $2.78 billion, but represented an 11.3% increase year-over-year [4] - Net Sales for Other categories were reported at $160.36 million, significantly above the estimated $131.04 million, reflecting a year-over-year change of +148.2% [4] - Net Sales for Prepared Food & Dispensed Beverage were $467.8 million, slightly above the estimated $465.04 million, with a year-over-year change of +12% [4] - Net Sales for Grocery & General Merchandise amounted to $1.19 billion, slightly above the estimated $1.18 billion, representing a +13.4% change year-over-year [4] - Gross Profit for Prepared Food & Dispensed Beverage was $274.24 million, exceeding the average estimate of $268.88 million [4] - Gross Profit for Grocery & General Merchandise reached $429.18 million, above the estimated $417.64 million [4] Stock Performance - Casey's shares have returned +6.4% over the past month, outperforming the Zacks S&P 500 composite's +1.9% change [3] - The stock currently holds a Zacks Rank 3 (Hold), indicating potential performance in line with the broader market in the near term [3]

Core Insights - Casey's General Stores reported quarterly earnings of $5.53 per share, exceeding the Zacks Consensus Estimate of $4.92 per share, and showing an increase from $4.85 per share a year ago, resulting in an earnings surprise of +12.40% [1] - The company achieved revenues of $4.51 billion for the quarter ended October 2025, which was slightly below the Zacks Consensus Estimate by 1.03%, but an increase from $3.95 billion year-over-year [2] - Casey's shares have appreciated approximately 43% year-to-date, significantly outperforming the S&P 500's gain of 16.4% [3] Earnings Outlook - The future performance of Casey's stock will largely depend on management's commentary during the earnings call and the company's earnings outlook, including current consensus earnings expectations for upcoming quarters [4] - The current consensus EPS estimate for the next quarter is $2.71 on revenues of $4.18 billion, and for the current fiscal year, it is $16.37 on revenues of $17.46 billion [7] Industry Context - The Retail - Convenience Stores industry, to which Casey's belongs, is currently ranked in the top 41% of over 250 Zacks industries, indicating a favorable outlook compared to the bottom 50% [8]

The company reported earnings of $5.53 a share and revenue of $4.5 billion. ...

Exhibit 99.1 FOR IMMEDIATE RELEASE Casey's General Stores, Inc. One SE Convenience Blvd Ankeny, IA 50021 Casey's Announces Second Quarter Results Ankeny, IA, December 9, 2025 - Casey's General Stores, Inc. ("Casey's" or the "Company") (Nasdaq: CASY) one of the leading convenience store chains in the United States, today announced financial results for the three and six months ended October 31, 2025. Second Quarter Key Highlights "Casey's delivered a great second quarter highlighted by strong sales and traff ...

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Store Operations and Growth - As of October 31, 2025, Casey's operates 2,921 stores, with approximately 71% located in areas with populations under 20,000[56] - The Fikes acquisition added 198 stores and a wholesale fuel network, contributing $511,805 to total revenue for the second quarter of fiscal 2026, which increased by $559,313 (14.2%) year-over-year[55][69] - Operating expenses increased by $101,908 (16.7%) to $711,587, with approximately 10.5% of the increase attributed to operating 236 more stores[73] - Total revenue for the first six months of fiscal 2026 increased by $1,028,682 (12.8%) compared to the same period in fiscal 2025, primarily driven by $1,034,139 from the Fikes acquisition[78] - Prepared food and dispensed beverage revenue rose by $103,277 (12.5%) due to a 5.0% increase in same-store sales and approximately 7.5% from store growth[78] - Grocery and general merchandise revenue increased by $297,348 (14.0%), with a 10.8% contribution from store growth and a 3.2% increase in same-store sales[78] - Retail fuel revenue grew by $450,674 (9.1%), supported by an increase of 269,982 gallons sold (17.4%), despite a 7.1% decrease in average retail price per gallon[78] - Other revenue surged by $177,383 (133.8%) primarily due to increased wholesale fuel revenue from the Fikes acquisition[79] - Operating expenses increased by $190,610 (15.6%), with 236 more stores accounting for approximately 10% of the increase[83] Financial Performance - Net income rose by $25,418 (14.0%) to $206,336, driven by higher profitability in-store and in fuel[77] - Net income rose by $60,575 (16.8%) to $421,691, attributed to higher profitability in stores and fuel, offset by increased operating expenses[86] - EBITDA for the first six months of fiscal 2026 increased by 18.7% to $824,369 compared to $694,662 in the prior year[89] - The effective tax rate decreased to 23.7% from 24.3% in the prior year, mainly due to increased excess tax benefits from share-based awards[85] - Net cash provided by operating activities was $719,486, an increase of $167,429 from the prior year, driven by improved revenue less cost of goods sold[94] Debt and Interest Expenses - Interest expense increased by $12,137 (96.7%) to $24,690, primarily due to incremental debt issued to fund the Fikes acquisition[76] - As of October 31, 2025, the Company had total long-term debt of $2,352,032,000 after accounting for current maturities and debt issuance costs[97] - The Company has a total of $818,125,000 in variable rate incremental term loan facilities, requiring quarterly installments until October 30, 2029[97] - The Company has issued various senior notes with interest rates ranging from 2.85% to 5.43%, with total amounts due across different maturities[97] - An immediate 100-basis-point increase in interest rates would result in an approximate annualized impact of $9.6 million on interest expense[105] Strategic Initiatives and Environmental Commitment - As of October 31, 2025, Casey's has 232 EV charging stations at 48 stores across 13 states, reflecting the company's commitment to an electric vehicle strategy[64] - Approximately 41% of stores offer biodiesel, and all newly built stores are equipped to sell renewable fuels, aligning with the company's environmental stewardship efforts[65] - The Company has a strategy focused on identifying, acquiring, and integrating new properties and stores to support business growth[102] Risks and Regulatory Environment - The Company emphasizes that its financial condition may be adversely affected by increases in food ingredient costs and disruptions in the distribution network[99] - The Company is subject to extensive governmental regulations that could materially impact revenues and gross profit, particularly in the tobacco and nicotine sectors[100] - The Company faces risks related to changes in consumer preferences and the need for innovative technology to maintain financial performance[99] Cost Management and Revenue Analysis - Total revenue less cost of goods sold (exclusive of depreciation and amortization) was 24.9% of revenue for the second quarter of fiscal 2026, compared to 24.3% in the prior year[71] - Fuel revenue less cost of goods sold (exclusive of depreciation and amortization) increased to 14.0% of fuel revenue, with revenue less cost of goods sold per gallon rising to 41.6 cents[72] - The Company utilizes futures contracts to hedge against fuel price volatility, ensuring that all hedges are matched against recorded physical transactions[106]

ANKENY, Iowa--(BUSINESS WIRE)--Casey's General Stores, Inc. ("Casey's" or the "Company") (Nasdaq: CASY) one of the leading convenience store chains in the United States, today announced financial results for the three and six months ended October 31, 2025. Second Quarter Key Highlights Diluted EPS of $5.53 up 14.0% from the same period a year ago. Net income was $206.3 million, up 14.0% from the prior year, and EBITDA1 was $410.1 million, up 17.5%, from the same period a year ago. Inside same-s. ...

Core Viewpoint - Casey's General Stores, Inc. is expected to report strong earnings growth in the upcoming second quarter, with analysts projecting earnings per share to rise to $5.20 from $4.85 year-over-year, alongside a significant revenue increase to $4.5 billion from $3.95 billion [1]. Group 1: Earnings and Revenue - For the second quarter, Casey's is anticipated to report earnings of $5.20 per share, an increase from $4.85 per share in the same quarter last year [1]. - The consensus estimate for Casey's quarterly revenue is $4.5 billion, compared to $3.95 billion a year earlier [1]. - In the first quarter, Casey's reported earnings of $5.77 per share, exceeding the Street estimate of $5.07 per share, with quarterly revenue of $4.56 billion, surpassing the consensus estimate of $4.47 billion [2]. Group 2: Analyst Ratings and Price Targets - Stephens & Co. analyst Pooran Sharma maintained an Overweight rating and raised the price target from $570 to $600 [4]. - Wells Fargo analyst Edward Kelly also maintained an Overweight rating, increasing the price target from $610 to $625 [4]. - Goldman Sachs analyst Bonnie Herzog maintained a Neutral rating and raised the price target from $450 to $490 [4]. - Wells Fargo analyst Anthony Bonadio maintained an Overweight rating and increased the price target from $540 to $580 [4]. - BMO Capital analyst Kelly Bania maintained a Market Perform rating and raised the price target from $515 to $540 [4].

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Core Viewpoint - The article emphasizes the significance of the upcoming earnings season in December for U.S. stocks, highlighting the potential for significant stock price volatility and the effectiveness of options as a tool for investors to amplify returns during this period [1][2]. Earnings Calendar - A detailed schedule of key U.S. companies' earnings releases for December 2025 is provided, including companies like AutoZone, GameStop, Adobe, and Nike, with specific dates and times for earnings announcements [1][2]. Options Strategies - The article outlines five classic options strategies that can be employed during earnings season: - **Buy Call**: A strategy for bullish investors expecting significant price increases [4][6]. - **Bull Call Spread**: A moderate bullish strategy with limited upside potential [7]. - **Buy Put**: A strategy for bearish investors anticipating significant price declines [9]. - **Bear Put Spread**: A moderate bearish strategy with limited downside potential [11]. - **Long Straddle**: A strategy for investors expecting high volatility in either direction [13]. Strategy Details - Each strategy includes specific scenarios for application, initial costs, potential returns, and risk profiles: - **Buy Call**: High potential returns with unlimited upside and maximum loss equal to the premium paid [6]. - **Bull Call Spread**: Limited risk and reward, with a defined maximum profit and loss [7]. - **Buy Put**: Limited maximum profit with a defined risk equal to the premium paid [9]. - **Bear Put Spread**: Similar to the Buy Put but with reduced risk and capped profit [11]. - **Long Straddle**: Captures significant price movements in either direction, with defined risk limited to the total premium paid [13]. Trading Considerations - The article advises investors to focus on the breakeven points of their strategies and to select options with sufficient time until expiration to avoid liquidity issues and time decay [4][6].