Convenience store operator Yesway Q3 profit rises on higher fuel margins; backs outlook

Overview

• U.S. convenience store operator's Q3 net income rose yr/yr, adjusted EBITDA up nearly 9%

• Company saw growth in same-store inside merchandise sales and fuel gallons sold

• Yesway reaffirmed its full yr 2026 outlook, citing continued business momentum

Outlook

• Yesway reaffirms 2026 Adjusted EBITDA outlook of $235 mln to $245 mln

• Company expects 2026 same-store inside merchandise sales growth of 1.25% to 3.25%

• Yesway sees 2026 capital expenditures of $85 mln to $95 mln and 6-8 new store openings

Result Drivers

• FUEL MARGINS - Co said increased fuel margin cents per gallon and higher fuel volumes drove fuel gross profit growth

• NEW STORES AND PRICING - Growth in inside merchandise sales attributed to new store openings and pricing actions

• HIGHER OPERATING EXPENSES - Operating expenses rose due to higher interchange fees related to increased revenue

Company press release:

Key Details

Analyst Coverage

• The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 6 "strong buy" or "buy", 3 "hold" and no "sell" or "strong sell"

• Wall Street's median 12-month price target for Yesway Inc is $30.00, about 17% above its November 11 closing price of $25.65

Reuters Recommended Reads

• Nov 10 - Grocery Outlet Q3 adjusted EBITDA misses estimates, cuts FY guidance

• Nov 10 - Armanino Foods Q3 net sales rise 10% on food-service, international growth

• Nov 10 - Black Rock Coffee Bar Q3 revenue rises on store expansion

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(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)