Yesway (NASDAQ:YSWY – Get Free Report) released its earnings results on Thursday. The company reported $0.34 EPS for the quarter, topping analysts’ consensus estimates of $0.30 by $0.04, FiscalAI reports. The company had revenue of $969.15 million for the quarter. Yesway’s revenue was up 35.4% on a year-over-year basis.
Here are the key takeaways from Yesway’s conference call:
- Inside merchandise sales continued to grow: Same-store sales rose 1.9% year over year, with record quarterly sales of $246 million. Management said it saw no meaningful customer trade-down despite elevated fuel prices.
- Fuel performance remained strong: Same-store gallons increased 1.1%, while fuel margin rose 14.3% to $0.461 per gallon. Management credited its diesel mix, fuel investments and market volatility; diesel accounted for 38% of fuel volume.
- Adjusted EBITDA increased 8.6% to $60 million, supported by stronger fuel and merchandise contributions and new stores. Same-store operating expenses rose 8.9%, largely due to credit-card fees, while labor hours fell 1.3% for a sixth straight quarter.
- Yesway reaffirmed its 2026 outlook: Adjusted EBITDA of $235 million–$245 million, same-store merchandise sales growth of 1.25%–3.25%, and six to eight new stores. The EBITDA outlook assumes fourth-quarter fuel margins normalize; sustained higher margins could provide upside.
- Expansion remains focused on core markets: The company opened five stores year to date, including two in Arizona, and said initial results there are encouraging. It is converting 24 Texas Yesway stores to the Allsup’s brand and reiterated its longer-term plan for 130 stores in its model.
Yesway Stock Performance
Shares of NASDAQ YSWY traded down $2.17 during mid-day trading on Thursday, reaching $23.48. The company’s stock had a trading volume of 257,028 shares, compared to its average volume of 399,522. The business has a 50-day simple moving average of $22.62. The firm has a market cap of $1.48 billion and a PE ratio of 111.81. The company has a quick ratio of 0.91, a current ratio of 1.48 and a debt-to-equity ratio of 0.45. Yesway has a 1-year low of $18.92 and a 1-year high of $29.08.
Hedge Funds Weigh In On Yesway
A number of institutional investors and hedge funds have recently bought and sold shares of the business. Royce & Associates LP raised its holdings in Yesway by 0.3% in the 3rd quarter. Royce & Associates LP now owns 1,498,952 shares of the company’s stock valued at $30,219,000 after acquiring an additional 5,003 shares during the last quarter. Wellington Management Group LLP acquired a new position in shares of Yesway during the 2nd quarter worth approximately $18,747,000. State Street Corp boosted its holdings in shares of Yesway by 51.0% during the 3rd quarter. State Street Corp now owns 330,139 shares of the company’s stock worth $6,656,000 after purchasing an additional 111,562 shares during the last quarter. Bank of New York Mellon Corp acquired a new position in shares of Yesway during the 2nd quarter worth approximately $869,000. Finally, Engineers Gate Manager LP purchased a new stake in shares of Yesway in the second quarter valued at approximately $675,000.
Analyst Upgrades and Downgrades
YSWY has been the topic of several research analyst reports. William Blair assumed coverage on Yesway in a report on Tuesday, September 22nd. They issued an “outperform” rating on the stock. Zacks Research cut Yesway from a “strong-buy” rating to a “hold” rating in a report on Tuesday. JPMorgan Chase & Co. raised their target price on Yesway from $25.00 to $27.00 and gave the company a “neutral” rating in a research report on Friday, August 14th. Weiss Ratings lowered Yesway from a “sell (e)” rating to a “sell (e-)” rating in a research note on Thursday, September 24th. Finally, Guggenheim reaffirmed a “buy” rating and issued a $32.00 price target on shares of Yesway in a research note on Monday, October 5th. Three equities research analysts have rated the stock with a Strong Buy rating, three have given a Buy rating, four have assigned a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $29.62.
View Our Latest Analysis on YSWY
About Yesway
Yesway is a convenience-store operator serving customers across the central and southwestern United States. Its stores sell fuel, beverages, snacks, grocery and household essentials, along with prepared foods and other convenience items. The company operates under the Yesway and Allsup’s brands. Yesway was established in 2015, and its 2019 acquisition of Allsup’s expanded its presence and added a long-running convenience-store brand known for its prepared food, including burritos. Yesway and Allsup’s locations serve communities in states including Texas, New Mexico, Oklahoma, Kansas and Iowa, as well as other nearby markets.
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