10-KPeriod: FY2026

CASEYS GENERAL STORES INC Annual Report, Year Ended Apr 30, 2026

Filed June 22, 2026For Securities:CASY

Summary

Casey's General Stores, Inc. (CASY) reported a strong fiscal year ending April 30, 2026, marked by significant growth in total revenue and net income. The company's strategic focus on expanding its store count, accelerating its prepared food business, and enhancing operational efficiency has yielded positive results, exceeding initial goals outlined in its three-year strategic plan. This growth was notably bolstered by the acquisition of Fikes Wholesale and Group Petroleum Services, which added substantial revenue and store locations. Key drivers for the company's performance include robust same-store sales in prepared foods and beverages, alongside growth in grocery and general merchandise. Despite an increase in operating expenses and interest costs, primarily due to acquisitions and debt financing, Casey's demonstrated improved profitability. The company also highlighted strong progress in its digital initiatives, with the Casey's Rewards program surpassing 10 million members, indicating successful customer engagement strategies. Management is optimistic about future growth and is launching a new three-year strategic plan.

Financial Highlights

42 data points
Beta

Revenue

$17.56B

Net Income

$714.45M

4.1% Net Margin

EPS (Diluted)

$19.16

Total Assets

$8.94B

Cash & Equivalents

$522.99M

Free Cash Flow

$721.62M

Financial Statements
Beta
Revenue$17.56B
Operating Expenses$2.84B
Interest Expense$96.63M
Net Income$714.45M
EPS (Basic)$19.28
EPS (Diluted)$19.16
Shares Outstanding (Basic)37.07M
Shares Outstanding (Diluted)37.28M

Key Highlights

  • 1Total revenue increased by 10.2% to $17.56 billion, driven by the Fikes acquisition and strong same-store sales in prepared foods/dispensed beverages (+5.2%) and grocery/general merchandise (+3.9%).
  • 2Net income saw a substantial increase of 30.7% to $714.4 million, reflecting improved profitability across key business segments.
  • 3The company successfully integrated the Fikes acquisition, adding 198 stores and a wholesale fuel network, contributing significantly to revenue growth.
  • 4Casey's Rewards program expanded to over 10 million members, demonstrating effective digital engagement and customer loyalty initiatives.
  • 5The company exceeded its three-year strategic plan goals by building or acquiring 504 additional stores, surpassing the target of 350.
  • 6Diluted Earnings Per Share (EPS) grew by 30.9% to $19.16, indicating strong value creation for shareholders.
  • 7Capital expenditures included investments in property and equipment and strategic acquisitions, underscoring a commitment to growth and reinvestment.

Frequently Asked Questions

Casey's revenue growth in fiscal year 2026 was primarily driven by the acquisition of Fikes Wholesale and Group Petroleum Services (CEFCO), which contributed significantly to total revenue. Additionally, strong same-store sales in prepared food and dispensed beverages (up 5.2%) and grocery and general merchandise (up 3.9%) were key contributors, alongside a 10.0% increase in fuel gallons sold.

Profitability saw a significant improvement, with net income increasing by 30.7% to $714.4 million. This was supported by higher profitability from both inside the store (prepared foods, beverages, groceries) and fuel sales, even with increased operating expenses and interest costs related to recent acquisitions.

Casey's has successfully executed its long-term strategic plan, which focused on growing store count, accelerating the food business, and enhancing operational efficiency. They exceeded their goal of adding 350 stores by building or acquiring 504 additional stores over the past three years, including the significant Fikes acquisition. The company is launching a new three-year strategic plan in June 2026.

Casey's is actively enhancing its digital presence through its Casey's Rewards program, which now boasts over 10 million members. This program allows guests to earn points for purchases, redeemable for fuel discounts or other benefits, demonstrating a commitment to personalized offers and improved customer experience.