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CASEYS GENERAL STORES INCCASY

Sector
Consumer
Industry
Retail-Auto Dealers & Gasoline Stations
Exchange
Nasdaq

Stock Price $CASY

Latest filings

You are here#14 of 17 in Consumer Staples by market cap

Filing record · 2016–202610-K1110-Q328-K130

CASY filed 11 annual reports (10-K), 32 quarterly reports (10-Q) and 130 current reports (8-K) between 2016 and 2026.

  1. Material agreement8-K · Oct ’16Oct ’16
  2. Leadership change8-K · Jun ’19Jun ’19
  3. Leadership change8-K · Jul ’21Jul ’21
  4. FY2025 annual report10-K · Jun ’25Jun ’25

01—Key figures

Source: 10-KFY2026
Source: 10-KFY2026
Source: 10-KFY2026
Source: 10-KFY2026

Revenue Trend

Year-over-year comparison from 10-K annual reports

  18. $17.56B
YoY changeLargest recent move+48.8%in FY22Latest +10.2%

Latest bar from 10-KFY2026Click a bar to open its SEC filing

View full history →
All CASY Financial Metrics52 metrics

Income Statement12

Balance Sheet20

Cash Flow15

Per Share5

02—Overview

CASEYS GENERAL STORES INC Financial Overview 2022–2026

Updated Aug 8, 2026

Casey’s General Stores shattered its three-year expansion target by adding 504 new locations instead of the planned 350, fueling a 30.7% surge in net income for FY2026. This aggressive inorganic growth strategy, anchored by the $1.145 billiona acquisition of Fikes Wholesale, demonstrates that the company has successfully transformed from a regional fuel provider into a highly profitable convenience and prepared food powerhouse.

Total revenue grew from $12.95 billion in FY2022 to $17.56 billionb in FY2026. This top-line expansion was driven by a larger physical footprint and deliberate shifts toward higher-margin inside sales. During FY2026, same-store sales in prepared foods and dispensed beverages rose 5.2%, while the Casey's Rewards digital ecosystem expanded to over 10 million members. Consequently, diluted earnings per share more than doubled over the four-year window, reaching $19.16 by the close of the fiscal year.

The market has aggressively priced in this operational momentum. At the end of FY2025, the company held a $17.2 billionc market capitalization and traded at 31.6x earnings. By the close of FY2026, the stock price climbed to $822.15, pushing the overall valuation to $30.3 billion and stretching the trailing earnings multiple to 42.9x.

Recent Developments (Q3 and Q4 2026)

Casey's authorized a massive expansion of its share repurchase program to $1 billiond, up from $400 million, reflecting robust liquidity. During the first nine months of FY 2026, cash and cash equivalents reached $465.0 million as the company generated a 23.1% net income increase to $551.8 million. Core operations remained highly efficient, with nine-month fuel margins hitting 41.2 cents per gallon and Q3 2026 same-store grocery sales rising 4.0%. The board appointed Stanley J. Sutula III to the Audit Committee effective June 4, 2026, while aligning executive long-term incentives heavily toward EBITDA and return on invested capital.

Bulls will highlight the expanded buyback authorization and strong fuel margins as indicators of durable, shareholder-friendly cash flow. Bears will note that operating expenses jumped 11.5% over the first nine months and question if the stock is overextended at 43.4x earnings as of June 22, 2026.

What to watch: integration costs impacting EBITDA margins; shareholder utilization of the newly lowered 25% special meeting threshold.

03—Filings

Recent SEC Filings

  1. 8-KCASEYS GENERAL STORES INC 8-K Report, Financial Results (Sep 8, 2026)Casey's General Stores reported first-quarter fiscal 2027 results (three months ended July 31, 2026) with strong earnings growth. Diluted EPS rose 27.7% to $7.37, net income increased 27.1% to $273.7 million, and EBITDA grew 17.1% to $485.1 million. The growth came mainly from higher gross profit. Total gross profit rose about 11.4% to $1.24 billion, with fuel gross profit up 19.6% on a 6.8-cent increase in fuel margin to 47.8 cents per gallon and inside gross profit up 6.3%. Inside same-store sales grew 3.2% and inside margin expanded about 30 basis points to 42.2%. Fuel same-store gallons fell 0.3%. Operating expenses rose 8.0%, with same-store operating expenses excluding credit card fees up 5.0%, which pressured margins. Management reaffirmed its fiscal 2027 outlook: inside same-store sales growth of 2% to 5%, EBITDA growth of 8% to 10%, operating expense growth of 5% to 7%, and at least 120 store openings through M&A and new construction. The company ended the quarter with about $1.4 billion in liquidity, repurchased $45.6 million of stock, and declared a $0.65 quarterly dividend. Quarterly capital expenditures were $194.4 million, and the company is integrating the Fikes acquisition ahead of schedule. The filing also reports the June 2026 annual meeting results. All eleven director nominees were elected, KPMG LLP was ratified as auditor, and say-on-pay was approved. A shareholder proposal on special meeting rights failed, with 11.4 million votes for and 17.6 million against. Overall, the quarter shows solid earnings momentum with some cost pressure, and the unchanged guidance suggests management expects the trend to continue.
  2. 8-KCASEYS GENERAL STORES INC 8-K Report, Regulation FD Disclosure (Jun 24, 2026)Casey's General Stores (CASY) furnished a presentation from its 2026 Investor Day, held June 24, 2026, under Item 7.01 (Regulation FD). The filing contains no new quarterly results. Its substance is a review of the FY24-FY26 three-year plan and a new FY27-FY29 growth plan. The company says it exceeded every FY24-FY26 target, including 16% EBITDA CAGR against an 8-10% goal, 504 stores added against roughly 350, and about $1.68B of free cash flow against about $1.25B. Management frames Casey's as a 'convenience QSR' with about 3,000 company-operated stores in 19 states, roughly 11 million rewards members, and vertical integration in distribution and fuel. For FY27-FY29, management guides to EBITDA growth of 8-10% CAGR, at least 400 new stores through builds and acquisitions, about $2B of cumulative free cash flow, mid-single-digit inside sales growth, roughly flat fuel gallons, and inside store margin expansion. Fuel margin is targeted in the mid-40s cents per gallon, though the deck labels that figure as included 'for modeling purposes only.' Capital allocation priorities are unit growth first, a balance sheet at about 2.0x debt/EBITDA (currently about 1.5x), a dividend grown in line with medium-term EBITDA growth (27 consecutive years of increases), and a new $1B repurchase authorization following about $200M of buybacks in FY26. Investors should treat the plan as forward-looking management targets, not reported results. The presentation relies on non-GAAP measures (EBITDA, free cash flow, ROIC) and includes reconciliations in the appendix. The 8-K itself states the information is 'furnished' and not 'filed' under the Exchange Act. The key questions for investors are whether the fuel margin assumption and the pace of acquisitions can be sustained, and how much of the prior plan's outperformance was driven by fuel margins.
  3. 8-KCASEYS GENERAL STORES INC 8-K Report, Financial Results (Jun 9, 2026)Casey's General Stores (CASY) reported a strong close to fiscal 2026 for the quarter and year ended April 30, 2026. Fourth-quarter diluted EPS rose 66.2% to $4.37, net income rose 65.5% to $162.7 million, and EBITDA rose 33.2% to $350.3 million. For the full year, diluted EPS was $19.16 (up 30.9%), net income was $714.4 million (up 30.7%), and EBITDA was about $1.48 billion (up 23.6%). Growth was driven by inside same-store sales (up 5.5% in Q4, 4.2% for the year), a 120 basis point improvement in inside margin in the quarter, and a sharp rise in fuel margin to 46.9 cents per gallon in Q4 from 37.6 cents a year earlier. Fuel gross profit rose 29.1% in the quarter. Operating expenses grew 10.1%, partly from accrued variable compensation tied to the strong results. Capital return and shareholder items were prominent. The Board raised the quarterly dividend 14% to $0.65 per share, the 27th consecutive annual increase, and expanded the share repurchase authorization from $400 million to $1 billion with no expiration date. The company ended the year with about $1.4 billion in available liquidity. Casey's was also added to the S&P 500 during the year. The 8-K also disclosed compensation actions: FY2026 annual incentive payouts at 161% of target, new FY2027 equity and cash incentive structures, and amended bylaws that let holders of at least 25% of voting power call a special shareholder meeting. For fiscal 2027, management guided to inside same-store sales growth of 2% to 5% with inside margin above 42%, EBITDA growth of 8% to 10%, total operating expense growth of 5% to 7%, and at least 120 new stores. Investors should weigh the strong earnings momentum against guidance that implies a deceleration from fiscal 2026's EBITDA growth, along with rising operating costs and capital spending of roughly $800 million.
  4. 8-KCASEYS GENERAL STORES INC 8-K Report, Executive Changes (Jun 8, 2026)Casey's General Stores (Nasdaq: CASY) filed an 8-K reporting a board change: on June 4, 2026, the Board expanded from eleven to twelve directors and appointed Stanley J. Sutula III to fill the new seat, effective immediately. Sutula will also join the Audit Committee and stand for election at the 2026 annual shareholders' meeting, scheduled for September 2, 2026. He brings more than 35 years of experience in corporate finance, planning, tax, and risk management, and currently serves as CFO of Colgate-Palmolive, where he oversees global finance, IT, and M&A. Prior roles include CFO of Pitney Bowes and 28 years at IBM, including a stint as Vice President and Controller. The filing also discloses that director Cara Heiden will not stand for re-election and will retire at the conclusion of the Annual Meeting, at which point the board will return to eleven members. The company states that her decision is not due to any disagreement with management on operations, policies, or practices. The 8-K describes the change as a governance refresh that adds financial and audit-related expertise, with Heiden departing after nearly a decade of service, including on the Audit Committee. For investors, this is a routine governance event with no disclosed financial impact, compensation changes beyond standard prorated non-employee director fees, or related-party transactions. The most relevant signal is the strengthening of the Audit Committee's financial expertise, which may be viewed favorably given Casey's growth and acquisition activity. The filing does not provide operating results, guidance, or changes to the company's strategy.
  5. 8-KCASEYS GENERAL STORES INC 8-K Report, Financial Results (Mar 9, 2026)Casey's General Stores (Nasdaq: CASY) reported strong third-quarter fiscal 2026 results for the three months ended January 31, 2026. Diluted EPS rose 49.8% to $3.49 and net income increased 49.3% to $130.1 million, while EBITDA grew 27.5% to $308.9 million. The gains were driven by higher inside and fuel gross profit. Inside same-store sales rose 4.0%, inside margin expanded roughly 130 basis points to 42.2%, and fuel margin improved to 41.0 cents per gallon from 36.4 cents a year earlier. Total fuel gross profit increased 15.3%, and inside gross profit rose 8.9%. Management raised its fiscal 2026 outlook. EBITDA is now expected to grow 18% to 20%, inside same-store sales growth is now 3.5% to 4.5%, and the inside margin target is approximately 41.5% to 42.5%. Total operating expenses are now expected to rise about 10%, a notable cost increase that partly offsets top-line strength. Liquidity remains solid at roughly $1.4 billion, and the company repurchased about $76 million of stock during the quarter. The Board also approved a quarterly dividend of $0.57 per share, payable May 15, 2026. For investors, the quarter shows healthy margin expansion in both inside and fuel categories, with the comparison helped by $13 million of prior-year Fikes deal and integration costs. Operating expense growth of 4.1% in the quarter, driven by labor rates, snow removal, and incentive accruals, is the main watch item. Management continues to expect at least 80 store openings in fiscal 2026. Earnings call is scheduled for March 10, 2026.
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04—See also

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