Casey's General Stores reported fiscal first-quarter 2027 revenue of $5.678 billion, up 24.3% year over year, with diluted EPS rising 27.7% to $7.37 and net income up 27.1% to $273.7 million, but the stock closed at $629.03 on September 9, down 14.24% for the session. Inside same-store sales increased 3.2%, down from 4.3% a year earlier, while grocery and general merchandise same-store sales rose 2.7% versus 3.8% a year earlier and prepared food and dispensed beverage same-store sales increased 4.8%. Fuel gross profit rose 19.6% to $446.9 million and fuel margin climbed to 47.8 cents per gallon from 41 cents a year earlier, even as same-store gallons sold declined 0.3%. CEO Darren Rebelez said customers were responding to higher fuel prices with fewer gallons per trip but more trips made, and the company maintained its fiscal 2027 outlook for inside same-store sales growth of 2% to 5%, same-store fuel gallons between negative 1% and positive 1%, and EBITDA growth of 8% to 10%. Insider Monkey reported that 48 hedge funds held Casey's in the second quarter of 2026, up from 43 in the first quarter, with Marshall Wace LLP the top shareholder at 426,104 shares and AQR Capital Management raising its position by 195% to 213,943 shares.
Caseys General Stores IncInside same-store sales slowed to 3.2% from 4.3% and grocery/general merchandise comps decelerated, driving the 14% share plunge despite higher EPS.
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