Casey’s surges as gas station food continued to fuel sales in the fourth quarter
Midwestern gas and convenience chain Casey’s General Stores soared on Tuesday following a strong earnings report it posted on Monday after the bell.
Casey’s sales came in better than expected at $3.99 billion, compared to analysts’ $3.93 billion estimate. Food continues to be the profit driver for the store, continuing a long “hoagies > gas” trend in the convenience industry. Casey’s inside sales (think: sandwiches, Monster energy drinks, and hats that say “Casey’s” on them) logged a gross profit of $582.4 million, about $430 million more than Domino’s raked in during its latest quarter.
Casey’s, which operates the fifth-largest US pizza chain by store count, said it expects inside same-store sales to grow up to 5% in fiscal year 2026, with a profit margin of about 41%. In its fiscal year that just ended, fuel sales scored Casey’s lowest gross profit margin, and same-store fuel sales increased just 0.1% on the year.
