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Yesway raises FY 2026 adjusted EBITDA outlook to $235M-$245M
Yesway raised its full-year 2026 adjusted EBITDA guidance to $235 million to $245 million, up from a prior outlook of $210 million to $220 million, after reporting its strongest quarter in company history. Second-quarter adjusted EBITDA rose 35% year-over-year to $71 million, driven by a 27.4% increase in total fuel margin per gallon to $0.526 and a 29.5% jump in store contribution to $88 million. Same-store inside merchandise sales increased 1.2% and same-store fuel gallons rose 1.4%, while net income reached $30 million. The company reaffirmed same-store inside merchandise sales growth of 1.25% to 3.25%, capital expenditures of $85 million to $95 million, and plans to open 6 to 8 new stores in 2026, assuming its Iowa and Kansas portfolio sale is completed by year-end. Management expects fuel margins to moderate to the low $0.40 per gallon range in the second half of the year.