Casey's Shares Slip 4% Despite Earnings Beat

Core Insights - Casey's General Stores, Inc. reported second-quarter earnings of $5.53 per share, exceeding the analyst consensus of $5.18, with revenue of $4.51 billion, slightly above the $4.5 billion estimate, and a net income increase of 14% year-over-year to $206.3 million [1][2] Financial Performance - Inside same-store sales increased by 3.3%, or 7.5% on a two-year basis, with inside margins improving to 42.4% [2] - Inside gross profit rose by 13.5% to $703.4 million, while fuel gross profit increased by 20.9% to $377.4 million, supported by a 0.8% rise in same-store gallons and a fuel margin of 41.6 cents per gallon [2] Expansion and Outlook - The company operated 2,921 stores as of October 31, marking a nearly 9% increase from the previous year, including 16 newly built locations and 26 acquired stores [3] - Casey's raised its fiscal 2026 outlook, now expecting EBITDA growth of 15% to 17%, with inside same-store sales projected to rise by 3% to 4% and margins between 41% and 42% [3]