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Casey's Casey's Third Quarter Diluted EPS Up 14 % from Prior Year March 8 , 2021 ANKENY , Iowa -- ( BUSINESS WIRE ) -- Casey's General Stores , Inc. ( " Casey's " or the " Company " ) ( Nasdaq symbol CASY ) one of the leading convenience store chains in the United States , today announced financial results for the three and nine months ended January 31 , 2021 . Third Quarter Key Highlights • Diluted EPS of $ 1.04 compared to $ 0.91 for the same period a year ago , an increase of 14 % . • Fuel gross profit increased 37 % with a fuel margin of 32.9 cents per gallon . Fuel same - store gallons sold decreased 12.1 % compared to the same period last year . • Inside same - store sales increased 2.1 % compared to prior year with a margin of 39.6 % . • Digital sales increased 95 % compared to prior year . Casey's Rewards now exceeds 3.3 million members . • Casey's private label surpassed 3 % of grocery and other merchandise share at quarter's end . " Casey's grew diluted earnings per share in the third quarter despite a challenging , COVID - 19 impacted environment , " said Darren Rebelez , President and CEO . " The Company advanced several initiatives in our grocery and other merchandise category that contributed to positive inside sales volume in the quarter and investment in our fuel capabilities yielded favorable results . We continue to effectively manage discretionary operating expenses while investing in our team members ' and guests ' safety . Our balance sheet remains strong , and we are committed to executing our long - term strategic plan . " Earnings Net income ( in thousands ) Diluted earnings per share Adjusted EBITDA ( in thousands ) Three Months Ended January 31 , 2021 2020 Nine Months Ended January 31 , 2021 2020 $ 38,627 $ 33,959 $ 271,202 $ 201,755 $ 1.04 $ 0.91 $ 7.28 $ 5.43 $ 127,382 $ 120,391 $ 588,368 $ 491,175 Net income , diluted EPS , and Adjusted EBITDA ( reconciled later in the document ) in the third quarter were greater than prior year due to higher fuel margin and decreased interest expense , partially offset by lower inside gross profit and higher operating expenses . The Company operated 36 more stores than the prior year period . Fuel Three Months Ended January 31 , Nine Months Ended January 31 , Fuel gallons sold ( in thousands ) 2021 518,408 Same - store gallons sold ( 12.1 ) % 2020 572,746 ( 2.0 ) % 2021 1,645,497 ( 11.9 ) % Fuel gross profit ( in thousands ) $ 170,399 $ 124,257 $ 584,584 Fuel margin ( cents per gallon , excluding credit card fees ) 32.9 ¢ 21.7 ¢ 35.5 ¢ 2020 1,805,901 ( 2.0 ) % $ 416,045 23.0 ¢ Same - store gallons sold were adversely impacted by lower guest traffic due to the COVID - 19 pandemic . The Company's overall fuel gross profit was 37 % higher than the previous third quarter , driven in part by Casey's centralized fuel team and its ability to navigate the complex environment within the fuel marketplace . The Company sold $ 6.9 million in renewable fuel credits in the third quarter , an increase of $ 5.2 million from the prior year . Inside Inside sales ( in thousands ) Inside same - store sales Grocery and other merchandise same - store sales increase Prepared food and fountain same - store sales ( decrease ) increase Inside gross profit ( in thousands ) Three Months Ended January 31 , Nine Months Ended January 31 , 2021 2020 2021 2020 $ 888,483 2.1 % 5.4 % $ 856,037 3.3 % $ 2,898,157 $ 2,798,239 3.5 % 1.6 % 5.1 % 2.8 % 3.2 % ( 5.0 ) % $ 351,490 2.8 % $ 356,487 ( 6.1 ) % 2.1 % $ 1,161,390 $ 1,157,537