By Liz Moyer
Casey's General Stores beat expectations for second quarter earnings and raised its outlook, though the stock was falling in after-hours trading.
The company reported earnings of $5.53 a share and revenue of $4.5 billion. Same-store sales rose 3.3% from a year earlier.
Analysts expected the retailer to post earnings of $5.19 a share and revenue of $4.49 billion. Same-store sales were expected to rise 3.4%, according to FactSet.
Shares of Casey's were down 1.5% in after-hours trading.
Casey's said strong sales and traffic growth were driven by sales of prepared foods and a value proposition for shoppers.
It now projects 2026 earnings before interest, taxes, depreciation, and amortization to rise 15% to 17% and it expects inside same-store sales to increase 3% to 4%. Casey's sells fuel outside its stores and grocery, prepared foods, beverages, and other merchandise inside its locations.
Casey's was a Barron's stock pick earlier this month. The nation's third-largest convenience store operator has a distribution network that means "it can serve far-flung Midwestern communities profitably in ways rivals cannot, giving the company a wider moat than most," Barron's reported.
This content was created by Barron's, which is operated by Dow Jones & Co. Barron's is published independently from Dow Jones Newswires and The Wall Street Journal.
(END) Dow Jones Newswires
December 09, 2025 16:57 ET (21:57 GMT)
Copyright (c) 2025 Dow Jones & Company, Inc.
Comments