The earnings call highlighted a strong financial performance with significant growth in inside sales and successful acquisition integration. However, challenges included a decline in retail fuel sales and fuel margins. Onetime costs from the Fikes acquisition and slight declines in same-store fuel gallons added to the lowlights. Nevertheless, the overall sentiment leans towards positive due to the robust performance in key areas and effective cost management.

Company Guidance

During the Q2 2025 earnings call for Casey's General Stores, several key metrics and guidance updates were provided. The company reported a 14% increase in diluted earnings per share, reaching $4.85, with net income also rising to $181 million, and EBITDA growing to $349 million. Notably, same-store sales inside the store grew by 4%, while fuel margins remained strong at over $0.40 per gallon despite a 0.6% decline in same-store gallons sold. Operating expenses increased by only 2.3% on a same-store basis, excluding credit card fees, demonstrating effective cost management. For the fiscal year, Casey's updated its guidance to reflect anticipated impacts from the Fikes acquisition, projecting at least a 10% increase in EBITDA, with total operating expenses expected to rise between 11% to 13%. The company also plans to add approximately 270 stores during the fiscal year, maintaining same-store inside sales growth expectations between 3% to 5%.

Strong Financial Performance

Diluted earnings per share finished at $4.85, net income was $181 million, and EBITDA was $349 million, all up 14% from the prior year.

Inside Sales Growth

Total inside sales for the quarter were $1.47 billion, an increase of $121 million or 9% from the prior year.

Grocery and General Merchandise Margin Expansion

Same-store grocery and general merchandise sales were up 3.6% with an average margin of 35.6%, an increase of approximately 160 basis points from the prior year.

Successful Acquisition and Integration

The Fikes acquisition was completed, expected to contribute over $200 million of inside sales and approximately 200 million gallons of fuel for the second half of fiscal '25.

Effective Operating Expense Management

Same-store operating expenses increased only by 2%, showcasing effective cost management strategies.

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Casey's General (CASY) Earnings, Revenues Date & History

The upcoming earnings date is based on a company’s previous reporting, and may be updated when the actual date is announced

Daily Earnings Calendar >

CASY Earnings History

Report Date	Fiscal Quarter	Forecast / EPS	Last Year's EPS	EPS YoY Change	Slides	Play Transcript
Mar 17, 2025	2025 (Q3)	2.06 / -	2.33	―	―	―
Dec 09, 2024	2025 (Q2)	4.29 / 4.85	4.24	14.39% (+0.61)
Sep 04, 2024	2025 (Q1)	4.50 / 4.83	4.52	6.86% (+0.31)
Jun 11, 2024	2024 (Q4)	1.72 / 2.34	1.49	57.05% (+0.85)
Mar 11, 2024	2024 (Q3)	2.14 / 2.33	2.36	-1.27% (-0.03)
Dec 11, 2023	2024 (Q2)	3.80 / 4.24	3.67	15.53% (+0.57)	―
Sep 11, 2023	2024 (Q1)	3.36 / 4.52	4.09	10.51% (+0.43)	―
Jun 06, 2023	2023 (Q4)	1.64 / 1.49	1.6	-6.88% (-0.11)	―
Mar 07, 2023	2023 (Q3)	1.97 / 2.36	1.71	38.01% (+0.65)	―
Dec 06, 2022	2023 (Q2)	3.16 / 3.67	2.59	41.70% (+1.08)	―

The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.

Beat

Missed

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CASY Earnings-Related Price Changes

Report Date	Price 1 Day Before	Price 1 Day After	Percentage Change
Dec 09, 2024	$418.11	$416.86	-0.30%
Sep 04, 2024	$354.07	$380.26	+7.40%
Jun 11, 2024	$325.70	$380.16	+16.72%
Mar 11, 2024	$297.60	$292.89	-1.58%

Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.

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