Casey’s General Stores Reports Revenue Increase to $3.92 Billion and 49.3% Rise in Net Income for Q3 Fiscal 2026

Casey’s General Stores, Inc. reported a slight increase in total revenue for the third quarter of fiscal 2026, reaching $3.92 billion, up from $3.90 billion in the same period last year. The company’s net income also saw a significant rise, increasing by 49.3% to $130.1 million, compared to $87.1 million in the prior year. This growth in profitability was attributed to improved sales in prepared food and beverages, as well as effective cost management strategies. The diluted earnings per share for the quarter were $3.49, compared to $2.33 a year earlier.

In terms of operational performance, Casey’s experienced a 4.3% increase in same-store sales for prepared food and dispensed beverages, driven by strong demand for whole pizzas and hot sandwiches. Grocery and general merchandise sales also rose by 4.0%, primarily due to increased sales of non-alcoholic beverages. However, retail fuel revenue decreased by 2.4% due to a decline in average retail prices, despite a 2.3% increase in gallons sold. The company operated 2,924 stores as of January 31, 2026, reflecting a net increase of 20 stores since the previous year.

Strategically, Casey’s completed the acquisition of Fikes Wholesale and Group Petroleum Services in November 2024, which added 198 stores and expanded its wholesale fuel network. This acquisition contributed significantly to the revenue growth observed in the first nine months of fiscal 2026, with total revenue increasing by 8.7% to $12.99 billion compared to $11.95 billion in the prior year. The company also reported a notable increase in cash flow from operations, which rose to $979 million for the nine months ended January 31, 2026, up from $757 million in the same period last year.

The company’s operational metrics indicate a strong performance, with total assets increasing to $8.59 billion as of January 31, 2026, compared to $8.21 billion at the end of the previous fiscal year. Casey’s also reported a current ratio of 1.04, indicating improved liquidity. The company’s employee headcount has also grown, reflecting its expansion efforts. Looking ahead, Casey’s plans to continue its focus on enhancing its product offerings, expanding its store footprint, and integrating its recent acquisitions to drive future growth. The company remains committed to adapting to changing consumer preferences, including the growing demand for electric vehicle charging stations, with 269 charging stations installed across 58 stores in 13 states as of the reporting date.