Caseys General Stores

Jim Cramer said oil is a key driver pressuring Casey's results because its fuel business is directly exposed to fuel margins and volumes. Casey's reported higher fuel margins in fiscal Q1 2027 and improved EPS and EBITDA, but management expects same-store fuel gallons roughly flat and margin normalization could reduce fuel's contribution to earnings. By contrast, Texas Roadhouse is seeing margin pressure from commodity and wage inflation rather than fuel; both firms saw increased hedge fund ownership and modest short interest. » More on finance.yahoo.com

Casey’s General Stores shares lost about 8.7% in pre-market trading, even though adjusted earnings per share ($7.37) and revenue ($5.68 billion) beat expectations. Investors were disappointed by the quality of the growth: same-store sales rose only 3.2%, fuel volumes sold fell 0.3%, and operating costs increased 8% to $754.1 million. Management only reiterated guidance for fiscal 2027, which, together with a weak market environment and technical chart weakness, intensified selling pressure. » More on de.investing.com

Casey’s reported adjusted earnings per share of $7.37 (expectation $6.68) and revenue of $5.68 billion (expectation $5.57 billion), an increase of about 24% year over year. The stock plunged about 10.1% in after-hours trading because same-store sales growth slowed and management left the full-year forecast unchanged. Analysts’ cuts to price targets and concern that momentum from the record 2026 year is fading added to the selling pressure. » More on de.investing.com