India, June 9 -- Casey's General Stores, Inc. (CASY) on Tuesday reported an increase in fourth-quarter profit, driven by strong sales and higher fuel margins. The convenience store operator also increased its quarterly dividend and outlined growth targets for fiscal 2027.
For the fourth quarter, net income surged 65.5% to $162.7 million from $98.3 million, while earnings per share jumped 66.2% to $4.37 from $2.63 a year earlier.
Revenue rose 14.5% to $4.57 billion from $3.99 billion in the prior-year quarter. Gross margin improved to 23.6% from 23.2%.
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The board also expanded the company's share repurchase authorization to $1 billion and approved a 14% i...