Casey`s General Stores, Inc.

Top-line & profitability beat (strong momentum into FY27 plan) - Diluted EPS: $7.37 (+28% YoY) - Net income: $274M (+27% YoY) - EBITDA: $485M (+17% YoY; +40% on a 2-year stack) - Total revenue: $5.68B (+24.3% YoY) driven by higher inside sales and higher fuel prices; also ~2% more stores vs prior year.

Inside business strength (food/delivery-like category performance) - Inside same-store sales: +3.2% (+7.7% on a 2-year stack) - Prepared food & dispensed beverages (PF/DB): +4.8% same-store (+10.7% 2-year stack), and PF/DB gross margin: 59.3% (+130 bps YoY)—mix shift toward PF/DB supported margin. - Traffic-led growth with minimal price: Whole pies performed particularly well (units up nearly double digits). - Rewards growth: 11M+ members (Casey’s Rewards), supporting both convenience-store and pump traffic.

Fuel remains volatile but performing vs expectations; guidance anchor is unchanged - Fuel margin: ~$0.478/gal (+$0.068 YoY); CEO cited ~$0.48/gal. - Fuel margin trend through the quarter was choppy/“headline-driven”: days ranged from 30s to 60s cents, most days in the 40s; floor unchanged from late FY26 disruption period. - Same-store gallons: -0.3% for Q1 (but +1.4% on a 2-year stack); CEFCO remodel disruption ~50 bps drag on gallons. - Management view: more trips and fuel “mix” effects from consumer behavior when prices are higher (regular/higher-ethanol blends can be more margin-accretive).