Reported results
- Net income (GAAP): $273.7 million, up 27.1% year-over-year
- Diluted EPS (GAAP): $7.37, up 27.7% year-over-year
- EBITDA (non-GAAP): $485.1 million, up 17.1% year-over-year
- Inside same-store sales: up 3.2% with inside margin of 42.2%
- Fuel same-store gallons sold: down 0.3% with fuel margin of 47.8 cents per gallon
- Total fuel gross profit: $446.9 million, up 19.6% year-over-year
Guidance
- Inside same-store sales expected to increase 2% to 5% with inside margin above 42%
- Same-store fuel gallons sold expected to be negative 1% to positive 1%
- Total operating expenses expected to increase approximately 5% to 7%
- EBITDA (non-GAAP) expected to increase 8% to 10%
- At least 120 stores expected to open in fiscal 2027 through M&A and new store construction
- Net interest expense expected to be approximately $95 million
- Depreciation and amortization expected to be approximately $490 million
- Purchase of property and equipment expected to be approximately $800 million
- Tax rate expected to be approximately 24% to 26%
Notes
EBITDA is a non-GAAP measure reconciled to net income in the release. The company has approximately $973 million remaining under its existing share repurchase authorization. A quarterly dividend of $0.65 per share was approved by the Board.
Price and volatility reaction
The stock moved -14.2% on the print. No front-expiry chain was on file, so there is no straddle expected move. 30-day ATM implied volatility moved +4.0 vol points across the event (constant-maturity series — not the front-week crush).
| Measure | Value | Basis |
|---|---|---|
| Close before release | 733.49 | 2026-09-08 |
| Close after release | 629.03 | 2026-09-09 |
| Realised move | -14.2% | close to close |
| 30d ATM IV change | +4.0 vol pts | constant-maturity series, not the front expiry |
Source
The figures above come from the earnings release the company filed with the SEC on 2026-09-08 (8-K, Item 2.02). Read the original filing on sec.gov.