Yesway raises 2026 adjusted EBITDA guidance after Q2 results

Yesway (NASDAQ: YSWY ) held its second-quarter earnings conference call on Thursday.

Below is the complete transcript from the call.

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For comprehensive financial data and transcripts, visit The full earnings call is available at Summary Yesway Inc. reported its strongest quarter in history with record performance across several key operating and financial measures, including a 35% year-over-year increase in adjusted EBITDA to $71 million.

The company raised its full-year 2026 adjusted EBITDA guidance to $235 million to $245 million, up from the prior outlook of $210 million to $220 million, citing strong second-quarter results and continued momentum.

Strategic initiatives include expanding the store network with a focus on Arizona, Oklahoma, New Mexico, and Texas, and enhancing fuel capabilities and merchandise offerings to drive customer traffic and loyalty.

Yesway plans to open 6 to 8 new stores in 2026 and is pursuing selective, accretive acquisitions, supported by significant cash generation and increased financial flexibility.

The company's foodservice platform, particularly the Allsup's iconic burrito, continues to be a key traffic driver, and Yesway is optimizing its menu to focus on high-demand items.

Fuel margins increased significantly, driven by elevated fuel price volatility and a strategic focus on diesel, which now represents 38% of total fuel volume.

Management expressed confidence in achieving a target of 130 new stores over the next four and a half years and is leveraging strong cash flow to support growth opportunities.

Full Transcript OPERATOR Welcome to the Yesway Inc. second quarter 2026 earnings conference call.

At this time, all participants are in listen-only mode.

After the speaker's presentation, there will be a question-and-answer session.

To ask a question, you will need to press star 11 on your touchtone telephone.

We ask that you limit yourselves to one question and a follow-up.

Please be advised today's conference call is being recorded.

I would like to turn the call over to Nicole Harlow, Investor Relations Representative.

Please go ahead.

Nicole Harlow, Investor Relations Representative Thank you, Operator, and thank you all for joining us today for Yesway's second quarter 2026 earnings conference call.

On with me today are Tom Turkla, Chairman, President and Chief Executive Officer, and Erica Ailes, Chief Financial Officer.

Before we begin, a reminder that today's discussion will include forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995.

Any forward-looking statements made today are based on management's current expectations, assumptions, and beliefs about our business and the environment in which we operate.

These statements involve known and unknown risks, uncertainties, and other factors that could cause our actual results, performance, or achievements to differ materially from what is expressed or implied.

These risks include, but are not limited to, volatility in global oil prices, general economic conditions, our ability to execute on our growth strategy, and changes in consumer demand and fuel consumption trends.

For a detailed discussion of risks, please see our final prospectus dated April 21, 2026, as filed with the SEC on April 23, 2026, and our other filings with the SEC.

Our forward-looking statements made on this call represent our outlook as of today, August 13, 2026, and we disclaim any obligation to update these statements except as may be required by law.

In addition, during this conference call we will refer to certain non-GAAP financial measures, including Adjusted EBITDA and store contribution.

Reconciliations of these non-GAAP financial measures to the most directly comparable GAAP measures are included in our second quarter 2026 earnings press release, which was issued earlier this morning and is available on the Investor Relations section of our website.

A replay of today's call will also be available on the same website shortly after we conclude the Q&A session.

And with that, I'd like to turn the call over to Tom Turkla.

Tom Trkla, Executive Chairman and CEO Thank you, Nicole, and good morning, everyone, and thank you for joining us today.

We are pleased with the strong performance we delivered in the second quarter, and I look forward to discussing our results and the progress we are making on our growth priorities on today's call.

First, I want to remind everyone what makes Yesway fundamentally different and why we believe our platform is well positioned for continued growth.

Since our founding more than a decade ago, we built a distinctive convenience retail platform around a combination of trusted regional brands, destination foodservice, disciplined real estate development, differentiated fuel offerings, and an award—winning loyalty program.

Today, Yesway is one of the fastest—growing convenience store operators in the United States and the nation's 15th—largest convenience store chain.

Our portfolio is anchored by two powerful and highly complementary brands, Yesway and Allsup's.