CASEYS GENERAL STORES INC has recently released its 10-K report. Casey’s General Stores, Inc., and its subsidiaries operate convenience stores under the Casey’s and Casey’s General Store names across the United States. The chain sells prepared foods, beverages, tobacco and nicotine products, groceries, fuel, and selected services such as ATM, lottery, prepaid cards, and car washes, and it also runs distribution centers. Founded in 1959 and based in Ankeny, Iowa, the company said it had 2,944 stores in operation as of April 30, 2026.
In Item 7, Casey’s said its footprint covered 19 states, with about half of its stores located in Iowa, Missouri, and Illinois. Roughly 71% of stores were in towns with populations below 20,000, and all but six locations sold fuel. The company also operated 282 EV charging stations at 64 stores in 14 states.
Fiscal 2026 total revenue rose $1,620,202, or 10.2%, to $17,561,101. The company attributed $1,034,139 of that increase to the Fikes acquisition, which contributed during the first six months of the year. Prepared food and dispensed beverage revenue increased $165,066 to $1,776,828, grocery and general merchandise revenue increased $419,727 to $4,563,614, retail fuel revenue increased $839,374 to $10,615,407, and other revenue increased $196,035 to $605,252.
Same-store sales improved in two key inside categories. Prepared food and dispensed beverage same-store sales rose 5.2%, while grocery and general merchandise same-store sales increased 3.9%. Same-store fuel gallons sold increased 1.4%.
Revenue less cost of goods sold, excluding depreciation and amortization, increased to 24.6% of revenue from 23.5% a year earlier. On a category basis, prepared food and dispensed beverage margin improved to 58.6% from 58.2%, grocery and general merchandise to 35.8% from 35.0%, and fuel to 14.1% from 12.7%. Revenue less cost of goods sold per gallon increased to 42.6 cents from 38.7 cents.
Operating expenses increased $285,070, or 11.2%, to $2,837,426. Casey’s said about 5% of that increase came from operating 40 more stores than the comparable period and from a full-year contribution from Fikes stores, while about 2% reflected higher accrued variable compensation and charitable contributions. Depreciation and amortization rose $46,311 to $449,958, and net interest expense increased $12,683 to $96,634.
Net income climbed $167,928, or 30.7%, to $714,448. The effective tax rate increased to 23.8% from 23.3%. EBITDA rose to $1,483,615 from $1,200,047, an increase of 23.6%.
Store count moved from 2,904 at April 30, 2025 to 2,944 at April 30, 2026, after 40 new store constructions, 40 acquisitions, one prior acquisition opening, and 41 closures. Casey’s said it built or acquired 504 additional stores over its three-year strategic plan, well above its original goal of 350. It also said Casey’s Rewards membership topped 10 million at year-end, and its chicken wing program was available in approximately 850 stores. Today the company's shares have moved -0.3% to a price of $839.72. For the full picture, make sure to review CASEYS GENERAL STORES INC's 10-K report.
