Casey’s General Stores (NASDAQ:CASY) delivered a robust third-quarter performance, exceeding market expectations and sending its stock 6% higher intra-day today. The convenience store chain posted earnings per share of $2.33, outpacing the projected $2.03. Total revenue reached $3.9 billion, surpassing analyst forecasts of $3.76 billion.
A key driver of this success was the company’s in-store sales momentum, with same-store sales climbing 3.7% year-over-year, fueled by demand for freshly prepared food and dispensed beverages. Fuel sales also gained traction, with same-store gallons sold rising 1.8% from the previous year.
Overall, Casey’s saw notable expansion across its business segments. In-store sales surged 15.3% to $1.4 billion, while total fuel volume jumped 20.4% to 829.8 million gallons, reflecting both organic growth and the impact of acquisitions, such as its recent purchase of Fikes.
Looking ahead, the company revised its fiscal 2025 guidance, anticipating an 11% increase in EBITDA. Expectations for same-store sales remain unchanged, with inside sales projected to grow between 3% and 5%, while fuel gallon sales are expected to fluctuate within a range of -1% to +1%.