Casey's General Stores reported first-quarter fiscal 2027 grocery and general merchandise sales of $1.28 billion, up 4.9% year over year, with same-store sales up 2.7% and up 6.5% on a two-year stacked basis. Category gross profit reached $457.8 million, up from $439.5 million a year earlier, as non-alcoholic beverages remained a key sales driver. Energy drink sales rose 12% in the quarter, while nicotine alternatives grew 47% as Casey's expanded space for those products, which management said carry margins roughly double those of combustible cigarettes. Ready-to-drink cocktail sales grew more than 30%, partially offsetting beer weakness, and private-label snacks posted strong growth as national-brand price increases pressured snack demand. For fiscal 2027, Casey's reiterated guidance for inside same-store sales growth of 2-5% and an inside margin above 42%, covering grocery and general merchandise alongside prepared food and dispensed beverages.
Caseys General Stores IncQ1 grocery and general merchandise sales rose 4.9% to $1.28B with same-store sales up 2.7% and category gross profit up to $457.8M.
Dollar Tree Inc
Target Corporation
Ross Stores Inc