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Casey’s Shares Drop 10% After Q1 Earnings Beat

9/9/2026

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Summary

Story summary

Casey’s General Stores shares fell about 10% after Q1 earnings release.
EPS $7.37 beat the $6.72 consensus and revenue $5.68 billion topped the $5.56-$5.57 billion forecast.
Same-store sales rose 3.2% YoY while fuel-same-store gallons slipped 0.3%.
Operating expenses rose 8% to $754.1 million, driven by labor and credit-card fees.
The company repurchased $45.6 million of stock and left its quarterly dividend at $0.

History

Historical Context

Lehman Brothers filed for Chapter 11 on September 15 2008, the largest U.S. bankruptcy and a catalyst for a global credit crunch. The shock, which left Lehman with about $639 billion in assets, deepened the credit crisis and spurred lasting cost-discipline in the years after the collapse, which still shapes mid-market grocers such as Casey’s General Stores.

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Story summary

Casey’s General Stores shares fell about 10% after Q1 earnings release.
EPS $7.37 beat the $6.72 consensus and revenue $5.68 billion topped the $5.56-$5.57 billion forecast.
Same-store sales rose 3.2% YoY while fuel-same-store gallons slipped 0.3%.
Operating expenses rose 8% to $754.1 million, driven by labor and credit-card fees.
The company repurchased $45.6 million of stock and left its quarterly dividend at $0.

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