Casey's General Stores Reports Strong Q3 Earnings

Prepared foods and fuel margins drive profitability, company raises fiscal 2026 EBITDA outlook

Published on Mar. 10, 2026

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Casey's General Stores (NASDAQ:CASY) reported higher earnings and profitability for its third quarter ended Jan. 31, 2026, driven by continued momentum in prepared foods and inside margins, as well as stronger fuel profitability. Management also raised its fiscal 2026 EBITDA growth outlook and reiterated progress on unit growth, loyalty, and acquisition integration efforts.

Why it matters

Casey's results highlight the company's ability to drive growth through its focus on prepared foods and fuel margins, even as it navigates industry challenges like fuel price volatility. The strong performance and raised guidance signal the company's resilience and potential for continued success.

The details

Quarterly results show earnings and EBITDA growth, with diluted EPS up 50% and net income increasing 49% to $130 million. EBITDA totaled $309 million, up 27.5% year over year. Inside same-store sales rose 4%, with prepared food and dispensed beverage sales up 4.3% and grocery/general merchandise up 4%. Fuel margins exceeded $0.40 per gallon. Management cited continued strength in core prepared food offerings, product innovation, and favorable mix shifts in the grocery category. The company also discussed changes within the nicotine category, with higher-margin alternatives growing while combustible cigarettes declined.

  • Casey's reported results for the third quarter ended January 31, 2026.

The players

Casey's General Stores

A U.S.-based convenience store chain that operates retail fuel stations and food-focused convenience outlets.

Darren Rebelez

Chairman, President and CEO of Casey's General Stores.

Steve Bramlage

CFO of Casey's General Stores.

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What they’re saying

“We must not let individuals continue to damage private property in San Francisco.”

— Robert Jenkins, San Francisco resident (San Francisco Chronicle)

“Fifty years is such an accomplishment in San Francisco, especially with the way the city has changed over the years.”

— Gordon Edgar, grocery employee (Instagram)

What’s next

The judge in the case will decide on Tuesday whether or not to allow Walker Reed Quinn out on bail.

The takeaway

This case highlights growing concerns in the community about repeat offenders released on bail, raising questions about bail reform, public safety on SF streets, and if any special laws to govern autonomous vehicles in residential and commercial areas.