Casey's General Stores (CASY) saw its stock price surge 8.13% on Monday, following the release of its fourth-quarter earnings report that significantly surpassed analysts' expectations. The convenience store chain also announced a notable increase in its quarterly dividend, further bolstering investor confidence.

The company reported fourth-quarter earnings per share (EPS) of $2.63, handily beating the analyst estimate of $1.96. Net income for the quarter stood at $98.307 million, considerably higher than the expected $72.6 million. Revenue rose 10.9% to $3.99 billion, outpacing the anticipated $3.93 billion. This strong financial performance demonstrates Casey's ability to navigate the challenging retail landscape effectively.

Adding to the positive sentiment, Casey's announced a 14% increase in its quarterly dividend to $0.57 per share. The company also provided an optimistic outlook for fiscal 2026, expecting inside same-store sales to increase by 2% to 5%. Casey's plans to open at least 80 new stores in the coming fiscal year through a mix of acquisitions and new store construction, signaling confidence in its growth strategy. The robust earnings results, coupled with the dividend hike and positive forward guidance, have contributed to the significant stock price movement in after-hours trading.