The strong Q1 beat and FY2026 guidance above the run rate suggest upside potential. Monitor the company's ability to sustain fuel margins and same-store sales growth, as well as progress on the planned sale of 29 Iowa/Kansas stores. The IPO provides a cleaner capital structure and growth runway.
Price Chart
Executive Summary
Yesway reported a strong Q1 2026 earnings beat, with net income of $30.2M vs a loss of $5.6M a year ago and Adjusted EBITDA surging 112.9% to $59.2M. Revenue of $683.6M exceeded the $679.1M consensus, and the company introduced FY2026 Adjusted EBITDA guidance of $210-220M, signaling confidence in continued momentum.
Key Financial Metrics
Key Facts
- Net income of $30.2M vs net loss of $5.6M in Q1 2025
- Adjusted EBITDA of $59.2M, up 112.9% YoY
- Revenue of $683.6M vs consensus $679.1M
- Same-store inside merchandise sales +4.5% YoY; total inside merchandise sales +9.5%
- Fuel gross profit +48.6% YoY to $71.6M; fuel margin 49.4 cents/gallon vs 35.9 cents
- Introduced FY2026 Adjusted EBITDA guidance of $210-220M
- Operating cash flow of $48.4M vs $13.6M in prior year period
- Store count at 449 as of March 31, 2026
- Company completed IPO in April 2026; results reflect predecessor BW Ultimate Parent, LLC
Financial Impact
Revenue beat consensus by ~$4.5M (0.7%); net income swung from -$5.6M to +$30.2M; Adjusted EBITDA nearly doubled to $59.2M
Risk Factors
- Fuel margin volatility tied to global oil prices and supply conditions
- Execution risk on new store openings (6-8 planned for FY2026)
- Planned divestiture of 29 stores may create near-term noise
- Forward-looking guidance is non-GAAP and excludes certain costs
Market Snapshot
Documents Analyzed
This report is based on 1 press release from GlobeNewswire.
| Document | Accession Number |
|---|---|
| PRESS-RELEASE Data (Synthetic) | press-3304953 |
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
Aug 13, 2026 7w ago | 8-K | $24.35 $22.95 | ▲ +5.75% | ▲ +4.00% | $19.83 (+18.56%) |
Jun 2, 2026 17w ago | 8-K | $20.00 $21.07 | ▲ +5.35% | ▲ +6.92% | $19.83 (−0.85%) |
Jun 2, 2026 17w ago | Press Release | $20.00 $21.07 | ▲ +5.35% | ▲ +6.92% | $19.83 (−0.85%) |
Apr 27, 2026 22w ago | 8-K | $24.23 $22.83 | ▼ −5.78% | ▼ −11.25% | $19.83 (−18.16%) |
Apr 23, 2026 23w ago | 424B4 | $21.70 $23.11 | ▲ +6.50% | ▲ +1.86% | $19.83 (−8.62%) |
Apr 23, 2026 23w ago | 3 | $21.70 $23.11 | ▲ +6.50% | ▲ +1.86% | $19.83 (−8.62%) |
Apr 23, 2026 23w ago | 3 | $21.70 $23.11 | ▲ +6.50% | ▲ +1.86% | $19.83 (−8.62%) |
Apr 22, 2026 23w ago | EFFECT | $21.23 $23.50 | ▲ +10.69% | ▲ +7.53% | $19.83 (−6.59%) |
Apr 13, 2026 24w ago | S-1/A | — | awaiting T+20 | — | — |
US Market Status
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