Caseys General Stores Inc (CASY)

Casey’s Announces New Three-Year Strategic PlanJune 24, 2026 1:31 PM
Business Wire Nation’s Third-Largest Convenience Retailer and Fifth-Largest Pizza Chain Unveils New Plan and Goals Focused on Accelerating Food and Beverage, Store Growth and Operational Efficiency Casey’s General Stores, Inc. (NASDAQ: CASY), a leading convenience store chain in the United States, today unveiled its new three-year strategic plan. Since introducing its last strategic plan in 2023, the company has exceeded its strategic and financial targets, adding more than 500 stores and joining the S&P 500. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20260624897283/en/Nation’s Third-Largest Convenience Retailer and Fifth-Largest Pizza Chain Unveils New Plan and Goals Focused on Accelerating Food and Beverage, Store Growth and Operational Efficiency “Our success over the last three years reinforces what makes Casey’s unique: a differentiated model that brings together restaurant-quality food, best-in-class convenience, and fuel at scale," said Darren Rebelez, President and Chief Executive Officer at Casey’s. “As we enter our next three-year plan, we are focused on expanding our food business, growing our store base, and leveraging technology to improve efficiency and execution. We believe these priorities will enable us to continue gaining market share, driving profitable growth, and delivering long-term value for our shareholders.” Casey's new three-year strategic plan is centered on three priorities: Accelerating Food and Beverage: Food continues to be a key growth driver for Casey’s. Building on its position as one of the nation’s leading pizza chains, Casey’s will continue investing in its made-to-order offerings, including pizza and chicken wings, with plans to expand its private-brand portfolio. "Our food business is at the center of Casey’s three-year growth strategy and continues to be one of our strongest differentiators," said Tom Brennan, Chief Merchandising Officer at Casey’s. "Prepared foods and nonalcoholic beverages are driving strong inside sales, and we’re continuing to build on the loyalty we’ve earned through our more than 40 years in the pizza business with new offerings like wings and fries. In Des Moines, where wings have been available for more than a year, sales are up 20% year over year, reinforcing the significant opportunity we see as we expand the platform across our nearly 3,000 stores and further establish Casey’s as a food destination." Expanding Casey’s Country and Scale: Casey’s plans to add at least 400 stores through a combination of strategic acquisitions and new-store development. By expanding its presence in both existing and new markets, Casey’s will bring its distinctive food-first convenience offering to more guests, while leveraging its proven expertise in acquiring and successfully integrating stores. “Our growth strategy is expanding Casey’s Country in a disciplined way," said Ena Williams, Chief Operations Officer at Casey’s. "We’ve shown that we can grow through both new stores and acquisitions. That includes the successful integration of CEFCO, our largest acquisition to date, which strengthened our presence in Texas and expanded Casey’s reach across the South. That flexibility allows us to pursue the best opportunities as market conditions evolve.” Enhancing Operational Efficiency: Casey's is investing in technology and data-driven tools to improve how its team members prepare food, serve guests, and run stores efficiently. These investments help improve forecasting, strengthen the guest experience, and support profitable growth as the company expands. "We're intentional about how we invest in technology, focusing on solutions that improve the experience for our guests while enabling our teams to operate more efficiently," said Williams. "Whether it's using AI to help improve forecasting and inventory planning, redesigning kitchens to help team members prepare more food with less friction, or enhancing digital tools like our app and Casey's Rewards, we're investing in practical innovations that improve efficiency, strengthen guest experience, and support long-term growth." Materials from the presentation are available on the company’s website here: https://investor.caseys.com/events-presentations About Casey's Casey’s is a Fortune 500 company (Nasdaq: CASY) operating over 2,900 convenience stores. Founded more than 50 years ago, the company has grown to become the third-largest convenience store retailer and the fifth-largest pizza chain in the United States. Casey’s provides freshly prepared foods, quality fuel and friendly service at its locations. Guests can enjoy pizza, donuts, other assorted bakery items, and a wide selection of beverages and snacks. Learn more and order online at www.caseys.com, or in the mobile app. Forward-Looking Statements This release contains statements that may constitute forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995, including those related to expectations for future periods, possible or assumed future results of operations, financial conditions, liquidity and related sources or needs, business and/or integration strategies, plans and synergies, supply chain, growth opportunities and performance at our stores. There are a number of known and unknown risks, uncertainties and other factors that may cause our actual results to differ materially from any results expressed or implied by these forward-looking statements, including but not limited to the execution of our strategic plan, the integration and financial performance of acquired stores, wholesale fuel, inventory and ingredient costs, distribution challenges and disruptions, the impact and duration of the conflicts in oil producing regions or other geopolitical disruptions, as well as other risks, uncertainties and factors, which are described in the company’s most recent annual report on Form 10-K and quarterly reports on Form 10-Q, as filed with the Securities and Exchange Commission and available on our website. Any forward-looking statements contained in this release represent our current views as of the date of this release with respect to future events, and Casey’s disclaims any intention or obligation to update or revise any forward-looking statements in the release whether as a result of new information, future events or otherwise. View source version on businesswire.com: https://www.businesswire.com/news/home/20260624897283/en/ Katie Petru, media@caseys.com, 515.480.8503 Original: Casey’s Announces New Three-Year Strategic Plan

Casey’s Announces 2026 Investor DayJune 15, 2026 2:00 PM
Business Wire Casey’s General Stores, Inc. (Nasdaq: CASY), the third largest convenience retailer and fifth largest pizza chain in the United States, will host its 2026 Investor Day in New York City on June 24, 2026, where it will discuss its new three-year strategic plan. The event will include presentations and a Q&A with members of the Casey’s leadership team. Attendance in person is by invitation only. However, the event will also be webcast live and all interested parties are invited to register for and access the webcast on the Investor Relations page of Casey’s website at https://investor.caseys.com/events-presentations. The event is scheduled to begin at 9:30 a.m. EDT and will conclude after Q&A ends at 1:30 p.m. EDT. The webcast archive and presentation slides will be available on the Investor Relations page of the Casey’s website for twelve months. About Casey’s Casey’s is a Fortune 500 company (Nasdaq: CASY) operating over 2,900 convenience stores. Founded more than 50 years ago, the company has grown to become the third-largest convenience store retailer and the fifth-largest pizza chain in the United States. Casey’s provides freshly prepared foods, quality fuel and friendly service at its locations. Guests can enjoy pizza, donuts, other assorted bakery items, and a wide selection of beverages and snacks. Learn more and order online at www.caseys.com, or in the mobile app. View source version on businesswire.com: https://www.businesswire.com/news/home/20260615111892/en/ Investor Relations Contact:
Brian Johnson (515) 446-6587
Brian.johnson@caseys.com Media Relations Contact:
Katie Petru (515) 446-6772
Katie.petru@caseys.com Original: Casey’s Announces 2026 Investor Day

Casey's Announces Fourth Quarter and Fiscal Year ResultsJune 9, 2026 4:30 PM
Business Wire Casey’s General Stores, Inc., ("Casey's" or the "Company") (Nasdaq symbol CASY) one of the leading convenience store chains in the United States, today announced financial results for the three months and year ended April 30, 2026. Fourth Quarter 2026 Key Highlights Diluted EPS of $4.37, up 66.2% from the same period a year ago. Net income was $162.7 million, up 65.5%, and EBITDA1 was $350.3 million, up 33.2%, from the same period a year ago. Inside same-store sales were up 5.5% compared to the prior year, and 7.4% on a two-year stack basis, with an inside margin of 42.4%. Total inside gross profit increased 10.5% to $643.4 million compared to the prior year. Fuel same-store gallons were up 1.5% compared to the prior year with a fuel margin of 46.9 cents per gallon. Total fuel gross profit increased 29.1% to $397.4 million compared to the prior year. In June, Casey's increased the quarterly dividend 14% to $0.65 per share, marking the 27th consecutive annual increase. Fiscal Year 2026 Key Highlights Diluted EPS of $19.16 up 30.9% over the prior year. Net income was $714.4 million, up 30.7%, and EBITDA was nearly $1.5 billion, up 23.6%, from the prior year. Casey's was added to the S&P 500 Index in recognition of its consistent financial performance and the growth of the company. Casey's Rewards grew to nearly 10.5 million members by year-end. Casey's expanded its sauced wings program to nearly 850 stores as of April 30th. “Casey's delivered another record fiscal year as our team closed out the three-year strategic plan on an extremely high note, reaching $714 million of net income and nearly $1.5 billion in EBITDA," said Darren Rebelez, President and CEO. “Inside same-store sales for the year were extremely strong, up 4.2%, or 7.0% on a two-year stack basis, led by strong performance in prepared foods and non-alcoholic beverages. Our fuel team did a great job balancing gallons sold with fuel margin, as fiscal 2026 fuel gross profit increased 21% from the prior year. The operations team performed exceptionally well over the course of the year as we reported substantial EBITDA growth while same-store labor hours were slightly favorable for the year.” Earnings   Three Months Ended April 30,   Twelve Months Ended April 30,   2026   2025   2026   2025 Net income (in thousands) $ 162,684   $ 98,307   $ 714,448   $ 546,520 Diluted earnings per share $ 4.37   $ 2.63   $ 19.16   $ 14.64 EBITDA (in thousands) $ 350,334   $ 263,017   $ 1,483,615   $ 1,200,047 Fourth quarter net income, diluted EPS, and EBITDA increased compared to the same period in the prior year primarily due to higher inside and fuel gross profit partially offset by higher operating expenses. _____________ 1 EBITDA is reconciled to net income below. Inside   Three Months Ended April 30, Twelve Months Ended April 30,     2026       2025     2026       2025   Inside sales (in thousands) $ 1,517,983     $ 1,413,593   $ 6,340,442     $ 5,755,649   Inside same-store sales   5.5 %     1.7 %   4.2 %     2.6 % Grocery and general merchandise same-store sales   5.1 %     1.8 %   3.9 %     2.3 % Prepared food and dispensed beverage same-store sales   6.6 %     1.5 %   5.2 %     3.5 % Inside gross profit (in thousands) $ 643,425     $ 582,396   $ 2,676,348     $ 2,389,448   Inside margin   42.4 %     41.2 %   42.2 %     41.5 % Grocery and general merchandise margin   35.7 %     34.8 %   35.8 %     35.0 % Prepared food and dispensed beverage margin   59.5 %     57.8 %   58.6 %     58.2 % For the quarter, total inside sales were up 7.4% and total inside gross profit was up 10.5%. Inside same-store sales were up 5.5%, or 7.4% on a two-year stack basis, driven by strong performance in whole pizzas as well as appetizers and sides in the prepared food and dispensed beverage category in addition to non-alcoholic beverages in the grocery and general merchandise category. Inside margin was up approximately 120 basis points versus the prior year as cost of goods management, improved waste and mix shift were the primary drivers. Fuel2   Three Months Ended April 30, Twelve Months Ended April 30,     2026       2025     2026       2025   Fuel gallons sold (in thousands)   848,331       818,641     3,515,197       3,196,852   Same-store gallons sold   1.5 %     0.1 %   1.4 %     0.1 % Fuel gross profit (in thousands) $ 397,445     $ 307,836   $ 1,496,591     $ 1,236,694   Fuel margin (cents per gallon, excluding credit card fees) 46.9 ¢   37.6 ¢ 42.6 ¢   38.7 ¢ For the quarter, total fuel gallons sold increased 3.6% compared to the prior year primarily due to operating more stores as well as the same-store gallons increase. The Company's total fuel gross profit was up 29.1% versus the prior year, due to an increase in gallons sold as well as fuel margin. The Company generated $15.2 million in renewable fuel credits (RINs) in the quarter, an increase of $10.8 million from the same period last year. Operating Expenses   Three Months Ended April 30, Twelve Months Ended April 30,     2026       2025     2026       2025   Operating expenses (in thousands) $ 730,023     $ 663,003   $ 2,837,426     $ 2,552,356   Credit card fees (in thousands) $ 71,919     $ 63,759   $ 278,749     $ 251,077   Same-store operating expense excluding credit card fees   3.6 %     1.9 %   3.7 %     1.7 % Total operating expenses increased 10.1% for the fourth quarter. Operating 40 more stores than the prior year accounted for approximately 2% of the increase. Same-store employee expense accounted for approximately 1.5% of the increase, due to increases in labor rates, as same-store labor hours were approximately flat. Approximately 4% of the change is related to an increase in accrued costs for variable compensation due to strong financial performance as well as discretionary charitable contributions. Expansion   Store Count April 30, 2025 2,904 New store construction 40 Acquisitions 40 Prior acquisitions opened 1 Closed (41) April 30, 2026 2,944 _____________ 2 Fuel category does not include wholesale fuel or terminal activity, which is included in Other. Liquidity At April 30, 2026, the Company had approximately $1.4 billion in available liquidity, consisting of approximately $523 million in cash and cash equivalents on hand and approximately $900 million in available borrowing capacity on existing lines of credit. Share Repurchase During the quarter, the Company repurchased approximately $63 million of shares. On June 4, 2026, the Board of Directors authorized an expansion of its existing share repurchase program up to a total amount of $1 billion. The number and timing of shares to be repurchased will depend on a variety of factors including, but not limited to, market conditions, corporate considerations, business opportunities, debt agreements, and regulatory requirements. The updated repurchase authorization has no expiration date and may be suspended, amended or discontinued at any time. The Company now has $1 billion remaining under its updated share repurchase authorization. Dividend At its June meeting, the Board of Directors voted to increase the quarterly dividend by 14% to $0.65 per share, which is the 27th consecutive year increasing the dividend. The dividend is payable August 14, 2026, to shareholders of record on August 1, 2026. Fiscal 2027 Outlook Casey's expects the following performance during fiscal 2027. The Company expects inside same-store sales to increase 2% to 5% with an inside margin above 42%. The Company expects same-store fuel gallons sold to be negative 1% to positive 1%. Total operating expenses are expected to increase approximately 5% to 7%. The Company expects EBITDA to increase 8% to 10%, which would imply 35% on a two-year stack basis at the midpoint of the range. The Company expects to open at least 120 stores in fiscal 2027 through a mix of M&A and new store construction. Net interest expense is expected to be approximately $95 million. Depreciation and amortization is expected to be approximately $490 million and the purchase of property and equipment is expected to be approximately $800 million. The tax rate is expected to be approximately 24% to 26% for the year.   Casey’s General Stores, Inc. and Subsidiaries Condensed Consolidated Statements of Income (Amounts in thousands, except share and per share amounts) (Unaudited)     Three Months Ended April 30, Twelve Months Ended April 30,     2026     2025   2026     2025 Total revenue $ 4,571,779   $ 3,992,758 $ 17,561,101   $ 15,940,899 Cost of goods sold (exclusive of depreciation and amortization, shown separately below)   3,491,422     3,066,738   13,240,060     12,188,496 Operating expenses   730,023     663,003   2,837,426     2,552,356 Depreciation and amortization   115,495     107,443   449,958     403,647 Interest, net   21,713     27,916   96,634     83,951 Income before income taxes   213,126     127,658   937,023     712,449 Federal and state income taxes   50,442     29,351   222,575     165,929 Net income $ 162,684   $ 98,307 $ 714,448   $ 546,520 Net income per common share             Basic $ 4.40   $ 2.65 $ 19.28   $ 14.72 Diluted $ 4.37   $ 2.63 $ 19.16   $ 14.64 Basic weighted average shares   36,942,758     37,126,996   37,065,319     37,116,152 Plus dilutive effect of share-based compensation   247,865     263,564   216,334     226,860 Diluted weighted average shares   37,190,623     37,390,560   37,281,653     37,343,012   Casey’s General Stores, Inc. and Subsidiaries Condensed Consolidated Balance Sheets (Dollars in thousands) (Unaudited)     April 30, 2026   April 30, 2025 Assets       Current assets       Cash and cash equivalents $ 522,991   $ 326,662 Receivables   243,502     180,746 Inventories   557,151     480,034 Prepaid and other current assets   29,783     24,641 Income taxes receivable   10,585     770 Total current assets   1,364,012     1,012,853 Operating lease right-of-use assets, net   432,640     417,046 Other assets, net   121,249     120,082 Goodwill   1,268,686     1,244,893 Property and equipment, net of accumulated depreciation of $3,444,442 at April 30, 2026 and $3,122,203 at April 30, 2025   5,749,468     5,413,244 Total assets $ 8,936,055   $ 8,208,118 Liabilities and Shareholders’ Equity       Current liabilities       Current maturities of long-term debt and finance lease obligations $ 101,357   $ 94,925 Accounts payable   823,804     620,447 Accrued expenses and current portion of operating lease liabilities   425,445     386,321 Total current liabilities   1,350,606     1,101,693 Long-term debt and finance lease obligations, net of current maturities   2,330,237     2,413,620 Deferred income taxes   739,843     646,905 Operating lease liabilities, net of current portion   459,284     434,707 Insurance accruals, net of current portion   32,140     33,143 Other long-term liabilities   72,226     69,380 Total liabilities   4,984,336     4,699,448 Total shareholders’ equity   3,951,719     3,508,670 Total liabilities and shareholders’ equity $ 8,936,055   $ 8,208,118   Casey’s General Stores, Inc. and Subsidiaries Condensed Consolidated Statements of Cash Flows (Dollars in thousands) (Unaudited)     Twelve months ended April 30,     2026       2025   Cash flows from operating activities:       Net income $ 714,448     $ 546,520   Adjustments to reconcile net income to net cash provided by operating activities:       Depreciation and amortization   449,958       403,647   Amortization of debt related costs   2,065       2,312   Change in excess replacement cost over LIFO inventory valuation   17,455       11,530   Share-based compensation   63,407       47,732   Loss on disposal of assets and impairment charges   13,517       12,401   Deferred income taxes   94,772       59,958   Changes in assets and liabilities:       Receivables   (60,075 )     (1,297 ) Inventories   (90,084 )     (7,756 ) Prepaid and other current assets   (5,142 )     3,658   Accounts payable   159,172       (20,782 ) Accrued expenses   35,609       21,525   Income taxes   (11,444 )     15,460   Other, net   (6,118 )     (4,054 ) Net cash provided by operating activities   1,377,540       1,090,854   Cash flows from investing activities:       Purchase of property and equipment   (655,920 )     (506,224 ) Payments for acquisitions of businesses, net of cash acquired   (141,583 )     (1,239,249 ) Proceeds from sales of assets   42,072       18,805   Net cash used in investing activities   (755,431 )     (1,726,668 ) Cash flows from financing activities:       Proceeds from long-term debt   —       1,100,000   Repayments of long-term debt   (94,895 )     (239,492 ) Payments of debt related costs   —       (5,891 ) Payments of cash dividends   (83,136 )     (72,309 ) Repurchase of common stock and payment of related excise taxes   (200,505 )     (734 ) Tax withholdings on employee share-based awards   (47,244 )     (25,580 ) Net cash (used in) provided by financing activities   (425,780 )     755,994     Net increase in cash and cash equivalents   196,329       120,180   Cash and cash equivalents at beginning of the period   326,662       206,482   Cash and cash equivalents at end of the period $ 522,991     $ 326,662   SUPPLEMENTAL DISCLOSURES OF CASH FLOWS INFORMATION     Twelve months ended April 30,     2026     2025 Cash paid during the period for:       Interest, net of amount capitalized $ 110,546   $ 86,598 Income taxes, net   138,018     89,771 Noncash investing and financing activities:       Purchased property and equipment in accounts payable   90,612     46,427 Summary by Category (Amounts in thousands) Three months ended April 30, 2026 Prepared Food
& Dispensed
Beverage   Grocery &
General
Merchandise   Fuel   Other   Total Revenue $ 427,620     $ 1,090,363     $ 2,884,752     $ 169,044     $ 4,571,779   Gross profit $ 254,233     $ 389,192     $ 397,445     $ 39,487     $ 1,080,357       59.5 %     35.7 %     13.8 %     23.4 %     23.6 % Fuel gallons sold           848,331           Three months ended April 30, 2025                   Revenue $ 391,655     $ 1,021,938     $ 2,438,937     $ 140,228     $ 3,992,758   Gross profit $ 226,406     $ 355,990     $ 307,836     $ 35,788     $ 926,020       57.8 %     34.8 %     12.6 %     25.5 %     23.2 % Fuel gallons sold           818,641           Summary by Category (Amounts in thousands) Twelve months ended April 30, 2026 Prepared Food
& Dispensed
Beverage Grocery &
General
Merchandise     Fuel   Other   Total Revenue $ 1,776,828   $ 4,563,614       $ 10,615,407     $ 605,252     $ 17,561,101   Gross profit $ 1,040,943   $ 1,635,405       $ 1,496,591     $ 148,102     $ 4,321,041       58.6 %   35.8 %       14.1 %     24.5 %     24.6 % Fuel gallons sold           3,515,197           Twelve months ended April 30, 2025                   Revenue $ 1,611,762   $ 4,143,887       $ 9,776,033     $ 409,217     $ 15,940,899   Gross profit $ 937,440   $ 1,452,008       $ 1,236,694     $ 126,261     $ 3,752,403       58.2 %   35.0 %       12.7 %     30.9 %     23.5 % Fuel gallons sold           3,196,852           Prepared Food & Dispensed Beverage   Prepared Food & Dispensed Beverage Same-store Sales Margin   Q1   Q2   Q3   Q4   Fiscal Year   Q1   Q2   Q3   Q4   Fiscal Year F2026 5.6 %   4.8 %   4.3 %   6.6 %   5.2 % F2026 58.0 %   58.6 %   58.3 %   59.5 %   58.6 % F2025 4.4     5.2     4.7     1.5     3.5   F2025 58.3     58.7     57.8     57.8     58.2   F2024 5.9     6.1     7.5     8.8     6.8   F2024 58.2     59.0     59.6     58.1     58.7   Grocery & General Merchandise   Grocery & General Merchandise Same-store Sales Margin   Q1   Q2   Q3   Q4   Fiscal Year   Q1   Q2   Q3   Q4   Fiscal Year F2026 3.8 %   2.7 %   4.0 %   5.1 %   3.9 % F2026 35.9 %   36.0 %   35.7 %   35.7 %   35.8 % F2025 1.6     3.6     3.3     1.8     2.3   F2025 35.4     35.6     34.2     34.8     35.0   F2024 5.2     1.7     2.8     4.3     3.5   F2024 34.1     34.0     33.9     34.4     34.1   Fuel Gallons   Fuel Margin Same-store Sales (Cents per gallon, excluding credit card fees)   Q1   Q2   Q3   Q4   Fiscal Year   Q1   Q2   Q3   Q4   Fiscal Year F2026 1.7 %   0.8 %   0.4 %   1.5 %   1.4 % F2026 41.0 ¢   41.6 ¢   41.0 ¢   46.9 ¢   42.6 ¢ F2025 0.7     (0.6 )   1.8     0.1     0.1   F2025 40.7   40.2   36.4   37.6   38.7 F2024 0.4     —     (0.4 )   0.9     0.1   F2024 41.6   42.3   37.3   36.5   39.5 RECONCILIATION OF NET INCOME TO EBITDA We define EBITDA as net income before net interest expense, income taxes, and depreciation and amortization. EBITDA is not considered to be a GAAP measure, and should not be considered as a substitute for net income, cash flows from operating activities or other income or cash flow statement data. This measure has limitations as an analytical tool, and should not be considered in isolation or as a substitute for analysis of our results as reported under GAAP. We strongly encourage investors to review our financial statements and publicly filed reports in their entirety and not to rely on any single financial measure. We believe EBITDA is useful to investors in evaluating our operating performance because securities analysts and other interested parties use such calculations as a measure of financial performance and debt service capabilities, and it is regularly used by the Company for internal purposes including our capital budgeting process, evaluating acquisition targets, assessing performance, and awarding incentive compensation. Because non-GAAP financial measures are not standardized, EBITDA, as defined by us, may not be comparable to similarly titled measures reported by other companies. It therefore may not be possible to compare our use of this non-GAAP financial measure with those used by other companies. The following table contains a reconciliation of net income to EBITDA for the three and twelve months ended April 30, 2026 and 2025: (In thousands) Three Months Ended April 30,   Twelve Months Ended April 30,     2026     2025     2026     2025 Net income $ 162,684   $ 98,307   $ 714,448   $ 546,520 Interest, net   21,713     27,916     96,634     83,951 Federal and state income taxes   50,442     29,351     222,575     165,929 Depreciation and amortization   115,495     107,443     449,958     403,647 EBITDA $ 350,334   $ 263,017   $ 1,483,615   $ 1,200,047 NOTES: Gross Profit is defined as revenue less cost of goods sold (exclusive of depreciation and amortization) Inside is defined as the combination of grocery and general merchandise and prepared food and dispensed beverage This release contains statements that may constitute forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995, including those related to expectations for future periods, possible or assumed future results of operations, financial conditions, liquidity and related sources or needs, business and/or integration strategies, plans and synergies, supply chain, growth opportunities, and performance at our stores. There are a number of known and unknown risks, uncertainties, and other factors that may cause our actual results to differ materially from any results expressed or implied by these forward-looking statements, including but not limited to the execution of our strategic plan, the integration and financial performance of acquired stores, wholesale fuel, inventory and ingredient costs, distribution challenges and disruptions, the impact and duration of conflicts in oil producing regions or other geopolitical disruptions, as well as other risks, uncertainties and factors which are described in the Company’s most recent annual report on Form 10-K and quarterly reports on Form 10-Q, as filed with the Securities and Exchange Commission and available on our website. Any forward-looking statements contained in this release represent our current views as of the date of this release with respect to future events, and Casey’s disclaims any intention or obligation to update or revise any forward-looking statements in the release whether as a result of new information, future events, or otherwise. Corporate information is available at this website: https://www.caseys.com. Earnings will be reported during a conference call on June 10, 2026. The call will be broadcast live over the Internet at 7:30 a.m. CDT. To access the call, go to the Events and Presentations section of our website at https://investor.caseys.com/events-presentations. No access code is required. A webcast replay of the call will remain available in an archived format on the Events and Presentations section of our website at https://investor.caseys.com/events-presentations for one year after the call. CASY-IR View source version on businesswire.com: https://www.businesswire.com/news/home/20260609792833/en/ Investor Relations Contact:
Brian Johnson (515) 446-6587 Media Relations Contact:
Katie Petru (515) 446-6772 Original: Casey's Announces Fourth Quarter and Fiscal Year Results

Casey’s Announces Addition of Finance Leader Stanley J. Sutula III to its Board of DirectorsJune 8, 2026 4:00 PM
Business Wire Casey’s General Stores, Inc. (Nasdaq: CASY), the third largest convenience retailer and fifth largest pizza chain in the United States, today announced the appointment of Stanley J. Sutula III to its Board of Directors (the “Board”). Mr. Sutula brings to the Board over 35 years of experience in corporate finance, financial planning and operations, tax, strategic planning and risk management. Since 2020, he has served as Chief Financial Officer at Colgate-Palmolive Company (NYSE: CL), where he oversees its global finance, global IT and mergers and acquisitions teams. He was previously at Pitney Bowes Inc. (NYSE: PBI), where he served as Executive VP and Chief Financial Officer, and spent 28 years at IBM Corporation (NYSE: IBM) in various financial management roles, including as its Vice President and Controller. “We are excited to welcome Stan to the Board as he adds deep financial and strategic expertise to our already expansive board capabilities. His leadership in these areas will benefit Casey’s, the Board and its shareholders immensely,” said Darren Rebelez, Casey’s Board Chair, President and CEO. Mr. Sutula graduated from Northeastern University with a degree in Finance & Management and holds an MBA in Finance from Fordham University’s Gabelli School of Business. Mr. Sutula’s addition to the Board will temporarily bring the number of directors from eleven to twelve, as director Cara Heiden has decided to retire from the Board effective September 2, 2026. “On behalf of the Board and the entire Casey’s team, I want to extend a sincere thank you to Cara for nearly a decade of distinguished service and leadership on the Board and its Audit Committee. She helped build Casey’s into the great organization it is today and we wish her nothing but the best in her retirement from the Board in September,” said Rebelez. About Casey’s Casey’s is a Fortune 500 company (Nasdaq: CASY) operating over 2,900 convenience stores. Founded more than 50 years ago, the company has grown to become the third-largest convenience store retailer and the fifth-largest pizza chain in the United States. Casey’s provides freshly prepared foods, quality fuel and friendly service at its locations. Guests can enjoy pizza, donuts, other assorted bakery items, and a wide selection of beverages and snacks. Learn more and order online at www.caseys.com, or in the mobile app. View source version on businesswire.com: https://www.businesswire.com/news/home/20260608193579/en/ Investor Relations Contact:
Brian Johnson (515) 446-6587
Brian.johnson@caseys.com Media Relations Contact:
Katie Petru (515) 446-6772
Katie.petru@caseys.com Original: Casey’s Announces Addition of Finance Leader Stanley J. Sutula III to its Board of Directors

Casey's Announces Timing of Fourth Quarter and Fiscal Year Earnings Release and Conference CallMay 19, 2026 2:00 PM
Business Wire Casey’s General Stores, Inc. (“Casey’s” or the “Company”) (Nasdaq: CASY), one of the leading convenience store chains in the United States, will issue fourth quarter and fiscal year 2026 results after the market closes on June 9th, 2026. Casey’s will hold a conference call and webcast on Wednesday, June 10th at 7:30am central to review the results. A live webcast of the event will be available on Casey’s website on the Investor Relations page at https://investor.caseys.com/events-presentations. For those unable to listen to the live broadcast, an audio replay will be available on Casey’s for twelve months. About Casey’s General Stores Casey’s is a Fortune 500 company (Nasdaq: CASY) operating over 2,900 convenience stores. Founded more than 50 years ago, the company has grown to become the third-largest convenience store retailer and the fifth-largest pizza chain in the United States. Casey’s provides freshly prepared foods, quality fuel and friendly service at its locations. Guests can enjoy pizza, donuts, other assorted bakery items, and a wide selection of beverages and snacks. Learn more and order online at www.caseys.com, or in the mobile app. CASY-IR View source version on businesswire.com: https://www.businesswire.com/news/home/20260519268158/en/ Investor Relations Contact:
Brian Johnson (515) 446-6587
Brian.johnson@caseys.com Media Relations Contact:
Katie Petru (515) 446-6772
Katie.petru@caseys.com Original: Casey's Announces Timing of Fourth Quarter and Fiscal Year Earnings Release and Conference Call

Casey’s Opens Applications for 2026 Innovation SummitApril 22, 2026 3:50 PM
Business Wire
Retailer seeks innovative brand partners to expand its product lineup


Casey’s, the third largest convenience store and fifth largest pizza chain, is opening applications for its 2026 Innovation Summit. The annual event focuses on discovering brands with innovative products to potentially distribute across the retailer’s 2900-plus stores in 19 states.


“The Innovation Summit process has led to mutually successful partnerships with new brands and the introduction of new products across our stores,” said Chris Stewart, Vice President of Merchandising at Casey’s. “Building on that success, we’re excited to see the next wave of brands and ideas this year—differentiated, potentially exclusive products that give guests something new to discover when they shop at Casey’s.”


Food and beverage brands are encouraged to apply for the opportunity to become part of the company’s merchandising mix, with the potential for in-store distribution. The following suppliers advanced past the test phase from the 2024 Innovation Summit and are currently available in stores Casey’s wide:



Neuro Gum and Mints



Magic Spoon Snack Bars



Archer Meat Snacks



Casey’s 2025 Innovation Summit selected the following brands to move into testing, the first phase following the event:



Kindling Snacks



Beefcake Meat Snacks



Love Corn



Like Air



Now through May 8, food and beverage companies are invited to apply online to be considered for an opportunity to showcase their products, engage with Casey’s merchants, and gain exposure to their guest base. Applications are being managed through RangeMe, with initial introductory meetings scheduled for June. Finalists will be invited to attend the in-person Innovation Summit in Ankeny, Iowa on July 9, 2026.


“Casey’s ongoing commitment to innovation reflects the importance they place on discovering products and brands that can fuel growth and enhance the customer experience,” said Wayne Bennett, SVP, Retail, ECRM/RangeMe. “We are proud that ECRM/RangeMe has the opportunity to support Casey’s merchants with a more streamlined path to product discovery, helping connect their team with high-growth innovation and emerging opportunities across the market.”


Applications for the Casey’s Innovation Summit are open now through May 8. For more information or to apply, visit www.rangeme.com/caseysinnovation26.


About Casey’s


Casey’s is a Fortune 500 company (Nasdaq: CASY) operating over 2,900 convenience stores. Founded more than 50 years ago, the company has grown to become the third-largest convenience store retailer and the fifth-largest pizza chain in the United States. Casey’s provides freshly prepared foods, quality fuel and friendly service at its locations. Guests can enjoy pizza, donuts, other assorted bakery items, and a wide selection of beverages and snacks. Learn more and order online at www.caseys.com, or in the mobile app.


CASY-CORP

View source version on businesswire.com: https://www.businesswire.com/news/home/20260421207234/en/
Media contact: media@caseys.com


Original: Casey’s Opens Applications for 2026 Innovation Summit

Casey's Joins the S&P 500April 9, 2026 9:30 AM
Business Wire
Casey’s General Stores, Inc. ("Casey's" or the "Company") (Nasdaq: CASY), one of the leading convenience store chains in the United States, said today it was added to the S&P 500, an index that tracks the performance of many of the largest and most consequential publicly traded companies in the United States.


The inclusion of Casey’s in the S&P 500 underscores the Company’s strong financial performance, ratable growth, and resilient operating model, which has positioned the Company to provide unmatched service and quality to its guests across more than 2,900 stores. With its restaurant-quality pizza and prepared foods, unique footprint, and best-in-class rewards platform, Casey’s is a staple for millions of Americans.


“Being added to the S&P 500 marks a significant milestone that reflects the enduring strength of our business,” said Darren Rebelez, President and CEO, Casey’s. “We remain committed to disciplined growth, delivering exceptional experiences to our guests and creating long-term value for our shareholders.”


This is the first time Casey’s has been included in the S&P 500 since becoming a publicly traded company in 1983.


For more information, please visit www.caseys.com.


About Casey’s General Stores


Casey’s is a Fortune 500 company (Nasdaq: CASY) operating over 2,900 convenience stores. Founded more than 50 years ago, the company has grown to become the third-largest convenience store retailer and the fifth-largest pizza chain in the United States. Casey’s provides freshly prepared foods, quality fuel and friendly service at its locations. Guests can enjoy pizza, donuts, other assorted bakery items, and a wide selection of beverages and snacks. Learn more and order online at www.caseys.com, or in the mobile app.


CASY-IR

View source version on businesswire.com: https://www.businesswire.com/news/home/20260409297875/en/
Investor Relations Contact:

Brian Johnson (515) 446-6587

Brian.johnson@caseys.com


Media Relations Contact:

Katie Petru (515) 446-6772

Katie.petru@caseys.com


Original: Casey's Joins the S&P 500

Casey's General Stores Set to Join S&P 500; DigitalOcean Holdings to Join S&P MidCap 400; Broadstone Net Lease to Join S&P SmallCap 600April 6, 2026 5:51 PM
PR Newswire (US)

NEW YORK, April 6, 2026 /PRNewswire/ -- S&P MidCap 400 constituent Casey's General Stores Inc. (NASD: CASY) will replace Hologic Inc. (NASD: HOLX) in the S&P 500, S&P SmallCap 600 constituent DigitalOcean Holdings Inc. (NYSE: DOCN) will replace Casey's General Stores in the S&P MidCap 400, and Broadstone Net Lease Inc. (NYSE: BNL) will replace DigitalOcean Holdings in the S&P SmallCap 600 effective prior to the opening of trading on Thursday, April 9. Affiliates of Blackstone Inc. and TPG Global are acquiring Hologic in a deal expected to be completed on or about April 7.Following is a summary of the changes that will take place prior to the open of trading on the effective date:Effective DateIndex NameActionCompany NameTickerGICS SectorApr 9, 2026S&P 500AdditionCasey's General Stores CASYConsumer StaplesApr 9, 2026S&P 500DeletionHologicHOLXHealth CareApr 9, 2026S&P MidCap 400AdditionDigitalOcean HoldingsDOCNInformation TechnologyApr 9, 2026S&P MidCap 400DeletionCasey's General StoresCASYConsumer StaplesApr 9, 2026S&P SmallCap 600AdditionBroadstone Net LeaseBNLReal EstateApr 9, 2026S&P SmallCap 600DeletionDigitalOcean HoldingsDOCNInformation TechnologyABOUT S&P DOW JONES INDICESS&P Dow Jones Indices is the largest global resource for essential index-based concepts, data and research, and home to iconic financial market indicators, such as the S&P 500® and the Dow Jones Industrial Average®. More assets are invested in products based on our indices than products based on indices from any other provider in the world. Since Charles Dow invented the first index in 1884, S&P DJI has been innovating and developing indices across the spectrum of asset classes helping to define the way investors measure and trade the markets.S&P Dow Jones Indices is a division of S&P Global (NYSE: SPGI), which provides essential intelligence for individuals, companies, and governments to make decisions with confidence. For more information, visit www.spglobal.com/spdji/en/. FOR MORE INFORMATION:S&P Dow Jones Indices
index_services@spglobal.comMedia Inquiries
spdji.comms@spglobal.com



View original content:https://www.prnewswire.com/news-releases/caseys-general-stores-set-to-join-sp-500-digitalocean-holdings-to-join-sp-midcap-400-broadstone-net-lease-to-join-sp-smallcap-600-302735034.htmlSOURCE S&P Dow Jones Indices

Original: Casey's General Stores Set to Join S&P 500; DigitalOcean Holdings to Join S&P MidCap 400; Broadstone Net Lease to Join S&P SmallCap 600

Casey's Announces Third Quarter ResultsMarch 9, 2026 4:30 PM
Business Wire
Casey’s General Stores, Inc. ("Casey's" or the "Company") (Nasdaq: CASY) one of the leading convenience store chains in the United States, today announced financial results for the three and nine months ended January 31, 2026.


Third Quarter Key Highlights



Diluted EPS of $3.49 up 49.8% from the same period a year ago. Net income was $130.1 million, up 49.3% from the prior year, and EBITDA1 was $308.9 million, up 27.5%, from the same period a year ago.



Inside same-store sales increased 4.0% compared to prior year, and 7.9% on a two-year stack basis, with an inside margin of 42.2%. Total inside gross profit increased 8.9% to $624.0 million compared to the prior year.



Same-store fuel gallons were up 0.4% compared to prior year with a fuel margin of 41.0 cents per gallon. Total fuel gross profit increased 15.3% to $348.2 million compared to the prior year.



During the quarter, Casey's Rewards surpassed 10 million members.



"Casey's achieved another successful quarter as strong sales and margin expansion drove performance,” said Darren Rebelez, Chairman, President and CEO. “Our high quality inside offering, along with a compelling value proposition, continues to attract guests to our stores. On the fuel side, the team had another sound quarter, expanding fuel margin while reporting positive same-store gallon growth. All of this was anchored by our store level operations team, who continue to meet our guests’ needs in an efficient manner."


Earnings




 






Three Months Ended January 31,






 






Nine Months Ended January 31,








 






 






2026






 






 






 






2025






 






 






 






2026






 






 






 






2025






 








Net income (in thousands)






$






130,073






 






 






$






87,097






 






 






$






551,764






 






 






$






448,213






 








Diluted earnings per share






$






3.49







 






$






2.33







 






$






14.79







 






$






12.01









EBITDA (in thousands)






$






308,912






 






 






$






242,368






 






 






$






1,133,281






 






 






$






937,030






 







For the quarter, net income, diluted EPS, and EBITDA increased compared to the same period a year ago due to higher inside and fuel gross profit, partially offset by higher operating expenses.




 



1EBITDA is reconciled to net income below.







Inside




 






Three Months Ended January 31,






 






Nine Months Ended January 31,








 






 






2026






 






 






 






2025






 






 






 






2026






 






 






 






2025






 








Inside sales (in thousands)






$






1,480,203






 






 






$






1,400,425






 






 






$






4,822,459






 






 






$






4,342,056






 








Inside same-store sales






 






4.0






%






 






 






3.7






%






 






 






3.8






%






 






 






3.1






%








Grocery and general merchandise same-store sales






 






4.0






%






 






 






3.3






%






 






 






3.4






%






 






 






2.6






%








Prepared food and dispensed beverage same-store sales






 






4.3






%






 






 






4.7






%






 






 






4.8






%






 






 






4.4






%








Inside gross profit (in thousands)






$






624,034






 






 






$






573,079






 






 






$






2,032,923






 






 






$






1,807,052






 








Inside margin






 






42.2






%






 






 






40.9






%






 






 






42.2






%






 






 






41.6






%








Grocery and general merchandise margin






 






35.7






%






 






 






34.2






%






 






 






35.9






%






 






 






35.1






%








Prepared food and dispensed beverage margin






 






58.3






%






 






 






57.8






%






 






 






58.3






%






 






 






58.3






%







Total inside sales for the quarter were up 5.7% compared to the prior year. Prepared food and dispensed beverage same-store sales were led by whole pizzas and hot sandwiches while grocery and general merchandise same-store sales had excellent performance in non-alcoholic beverages. Inside margin was up approximately 130 basis points compared to the same quarter a year ago, benefitting from cost of goods management and a favorable product mix shift.


Fuel2




 






Three Months Ended January 31,






 






Nine Months Ended January 31,








 






 






2026






 






 






 






2025






 






 






 






2026






 






 






 






2025






 








Fuel gallons sold (in thousands)






 






848,434






 






 






 






829,761






 






 






 






2,666,866






 






 






 






2,378,211






 








Same-store gallons sold






 






0.4






%






 






 






1.8






%






 






 






1.1






%






 






 






0.3






%








Fuel gross profit (in thousands)






$






348,226






 






 






$






302,058






 






 






$






1,099,146






 






 






$






928,858






 








Fuel margin (cents per gallon, excluding credit card fees)






 






41.0






¢






 






 






36.4






¢






 






 






41.2






¢






 






 






39.1






¢







For the quarter, total fuel gallons sold increased 2.3% compared to the prior year due to the store count increase as well as the same-store gallons increase. The Company’s total fuel gross profit was up 15.3% versus the prior year, due to an increase in gallons sold as well as fuel margin. The Company sold $6.3 million in renewable fuel credits (RINs) in the quarter, an increase of $3.7 million from the same quarter in the prior year.


Operating Expenses




 






Three Months Ended January 31,






 






Nine Months Ended January 31,








 






 






2026






 






 






 






2025






 






 






 






2026






 






 






 






2025






 








Operating expenses (in thousands)






$






697,640






 






 






$






670,200






 






 






$






2,107,403






 






 






$






1,889,353






 








Credit card fees (in thousands)






$






63,632






 






 






$






61,234






 






 






$






206,830






 






 






$






187,318






 








Same-store operating expenses excluding credit card fees






 






4.6






%






 






 






3.2






%






 






 






3.9






%






 






 






1.8






%







Operating expenses increased 4.1% during the third quarter. The total operating expense comparison benefitted from $13 million in one-time deal and integration costs that were incurred in the prior year, related to the acquisition of Fikes. Operating 31 more stores than prior year accounted for approximately 1% of the increase. Same-store employee expense contributed to approximately 1.5% of the increase, due to increases in labor rates, partially offset by a reduction in same-store labor hours. Snow removal due to unfavorable weather contributed approximately 1% of the increase. Approximately 1.5% of the change is related to an increase in accrued costs for variable incentive compensation and charitable contributions.




 



2 Fuel category does not include wholesale fuel or terminal activity, which is included in Other.







Expansion




 






Store Count








April 30, 2025






2,904






 








New store construction






27






 








Acquisitions






27






 








Acquisitions not opened






(1






)








Prior acquisitions opened






1






 








Closed or divested






(34






)








January 31, 2026






2,924






 







Liquidity


At January 31, 2026, the Company had approximately $1.4 billion in available liquidity, consisting of approximately $465 million in cash and cash equivalents on hand and approximately $900 million in available borrowing capacity on existing lines of credit.


Share Repurchase


During the quarter, the Company repurchased approximately $76 million of shares. The Company has approximately $157 million remaining under its existing share repurchase authorization.


Dividend


At its March meeting, the Board of Directors approved a quarterly dividend of $0.57 per share. The dividend is payable May 15, 2026, to shareholders of record on May 1, 2026.


Fiscal 2026 Outlook


As a result of the strong financial performance year-to-date, fiscal 2026 EBITDA is expected to increase 18% to 20%. The Company now expects inside same-store sales to increase 3.5% to 4.5% and an inside margin of approximately 41.5% to 42.5%. Total operating expenses are now expected to increase approximately 10%. The tax rate is now expected to be 23.5% to 24.5% for the fiscal year. Net interest expense is expected to be approximately $100 million.


The Company is not updating its outlook for the following metrics. The Company expects same-store fuel gallons sold to be negative 1% to positive 1%. The Company expects to open at least 80 stores in fiscal 2026, through a mix of M&A and new store construction, bringing the three-year strategic plan period total to approximately 500 stores. Depreciation and amortization is expected to be approximately $450 million. The purchase of property and equipment is expected to be approximately $600 million.




Casey’s General Stores, Inc. and Subsidiaries




Condensed Consolidated Statements of Income




(Amounts in thousands, except share and per share amounts)




(Unaudited)










 



 






Three Months Ended January 31,






 






Nine Months Ended January 31,








 






 






2026






 






 






 






2025






 






 






 






2026






 






 






 






2025






 








Total revenue






$






3,916,132






 






 






$






3,903,633






 






 






$






12,989,322






 






 






$






11,948,141






 








Cost of goods sold (exclusive of depreciation and amortization, shown separately below)






 






2,909,580






 






 






 






2,991,065






 






 






 






9,748,638






 






 






 






9,121,758






 








Operating expenses






 






697,640






 






 






 






670,200






 






 






 






2,107,403






 






 






 






1,889,353






 








Depreciation and amortization






 






114,084







 






 






105,203







 






 






334,463







 






 






296,204









Interest, net






 






23,381






 






 






 






29,415






 






 






 






74,921






 






 






 






56,035






 








Income before income taxes






 






171,447






 






 






 






107,750






 






 






 






723,897






 






 






 






584,791






 








Federal and state income taxes






 






41,374






 






 






 






20,653






 






 






 






172,133






 






 






 






136,578






 








Net income






$






130,073






 






 






$






87,097






 






 






$






551,764






 






 






$






448,213






 








Net income per common share






 






 






 






 






 






 






 








Basic






$






3.51






 






 






$






2.35






 






 






$






14.87






 






 






$






12.08






 








Diluted






$






3.49






 






 






$






2.33






 






 






$






14.79






 






 






$






12.01






 








Basic weighted average shares






 






37,034,207






 






 






 






37,125,570






 






 






 






37,105,202






 






 






 






37,112,506






 








Plus dilutive effect of share-based compensation






 






206,830






 






 






 






236,486






 






 






 






205,264






 






 






 






213,474






 








Diluted weighted average shares






 






37,241,037






 






 






 






37,362,056






 






 






 






37,310,466






 






 






 






37,325,980






 









Casey’s General Stores, Inc. and Subsidiaries




Condensed Consolidated Balance Sheets




(Dollars in thousands)




(Unaudited)










 



 






January 31, 2026






 






April 30, 2025








Assets






 






 






 








Current assets






 






 






 








Cash and cash equivalents






$






465,019






 






 






$






326,662






 








Receivables






 






186,756






 






 






 






180,746






 








Inventories






 






440,832






 






 






 






480,034






 








Prepaid and other current assets






 






36,291






 






 






 






24,641






 








Income taxes receivable






 






19,105







 






 






770









Total current assets






 






1,148,003






 






 






 






1,012,853






 








Operating lease right-of-use assets, net






 






436,140






 






 






 






417,046






 








Other assets, net of amortization






 






121,692






 






 






 






120,082






 








Goodwill






 






1,266,489






 






 






 






1,244,893






 








Property and equipment, net of accumulated depreciation of $3,386,937 at January 31, 2026 and $3,122,203 at April 30, 2025






 






5,613,426






 






 






 






5,413,244






 








Total assets






$






8,585,750






 






 






$






8,208,118






 








Liabilities and Shareholders’ Equity






 






 






 








Current liabilities






 






 






 








Current maturities of long-term debt and finance lease obligations






$






101,455






 






 






$






94,925






 








Accounts payable






 






603,347






 






 






 






620,447






 








Accrued expenses and current portion of operating lease liabilities






 






396,893






 






 






 






386,321






 








Total current liabilities






 






1,101,695






 






 






 






1,101,693






 








Long-term debt and finance lease obligations, net of current maturities






 






2,331,744






 






 






 






2,413,620






 








Deferred income taxes






 






729,206






 






 






 






646,905






 








Operating lease liabilities, net of current portion






 






462,522






 






 






 






434,707






 








Insurance accruals, net of current portion






 






33,669






 






 






 






33,143






 








Other long-term liabilities






 






73,429






 






 






 






69,380






 








Total liabilities






 






4,732,265






 






 






 






4,699,448






 








Total shareholders’ equity






 






3,853,485






 






 






 






3,508,670






 








Total liabilities and shareholders’ equity






$






8,585,750






 






 






$






8,208,118






 









Casey’s General Stores, Inc. and Subsidiaries




Condensed Consolidated Statements of Cash Flows




(Dollars in thousands)




(Unaudited)








 



 






Nine months ended January 31,








 






 






2026






 






 






 






2025






 








Cash flows from operating activities:






 






 






 








Net income






$






551,764






 






 






$






448,213






 








Adjustments to reconcile net income to net cash provided by operating activities:






 






 






 








Depreciation and amortization






 






334,463






 






 






 






296,204






 








Amortization of debt issuance costs






 






1,549






 






 






 






1,132






 








Change in excess replacement cost over LIFO inventory valuation






 






17,347






 






 






 






9,358






 








Share-based compensation






 






42,991






 






 






 






35,489






 








Loss on disposal of assets and impairment charges






 






3,507






 






 






 






8,993






 








Deferred income taxes






 






84,083






 






 






 






51,204






 








Changes in assets and liabilities:






 






 






 








Receivables






 






(7,476






)






 






 






12,067






 








Inventories






 






24,936






 






 






 






(8,129






)








Prepaid and other current assets






 






(11,650






)






 






 






(11,287






)








Accounts payable






 






(48,751






)






 






 






(78,246






)








Accrued expenses






 






7,509






 






 






 






(5,617






)








Income taxes






 






(17,907






)






 






 






276






 








Other, net






 






(3,335






)






 






 






(2,661






)








Net cash provided by operating activities






 






979,030






 






 






 






756,996






 








Cash flows from investing activities:






 






 






 








Purchase of property and equipment






 






(464,838






)






 






 






(325,499






)








Payments for acquisition of businesses, net of cash acquired






 






(87,892






)






 






 






(1,211,567






)








Proceeds from sales of assets






 






39,789






 






 






 






14,529






 








Net cash used in investing activities






 






(512,941






)






 






 






(1,522,537






)








Cash flows from financing activities:






 






 






 








Proceeds from long-term debt






 






—






 






 






 






1,100,000






 








Payments of long-term debt and finance lease obligations






 






(81,648






)






 






 






(60,981






)








Payments of debt issuance costs






 






—






 






 






 






(5,292






)








Payments of cash dividends






 






(62,039






)






 






 






(53,745






)








Repurchase of common stock and payment of related excise taxes






 






(137,258






)






 






 






(734






)








Tax withholdings on employee share-based awards






 






(46,787






)






 






 






(25,374






)








Net cash (used in) provided by financing activities






 






(327,732






)






 






 






953,874






 










 



Net increase in cash and cash equivalents






 






138,357






 







 






188,333






 








Cash and cash equivalents at beginning of the period






 






326,662






 







 






206,482






 








Cash and cash equivalents at end of the period






$






465,019






 







$






394,815






 









SUPPLEMENTAL DISCLOSURES OF CASH FLOWS INFORMATION








 






Nine months ended January 31,








 






 






2026






 






 






 






2025






 








Cash paid during the period for:






 






 






 








Interest, net of amount capitalized






$






82,186






 






 






$






52,565






 








Income taxes, net






 






104,753






 






 






 






84,506






 








Noncash activities:






 






 






 








Purchased property and equipment in accounts payable






 






78,080






 






 






 






69,299






 








Right-of-use assets obtained in exchange for new finance lease liabilities






 






6,992







 






 






12,590









Right-of-use assets obtained in exchange for new operating lease liabilities






 






43,026






 






 






 




 






315,124




 






 




 









Summary by Category (Amounts in thousands)








Three Months Ended January 31, 2026






Prepared Food & Dispensed Beverage






 






Grocery & General




Merchandise






 






Fuel






 






Other






 






Total








Revenue






$






422,975






 






 






$






1,057,228






 






 






$






2,309,707






 






 






$






126,222






 






 






$






3,916,132






 








Gross profit






$






246,483






 






 






$






377,551






 






 






$






348,226






 






 






$






34,292






 






 






$






1,006,552






 








 






 






58.3






%






 






 






35.7






%






 






 






15.1






%






 






 






27.2






%






 






 






25.7






%








Fuel gallons sold






 






 






 






 






 






848,434






 






 






 






 






 








Three Months Ended January 31, 2025






 






 






 






 






 






 






 






 






 








Revenue






$






397,151






 






 






$






1,003,274






 






 






$






2,366,822






 






 






$






136,386






 






 






$






3,903,633






 








Gross profit






$






229,535






 






 






$






343,544






 






 






$






302,058






 






 






$






37,431






 






 






$






912,568






 








 






 






57.8






%






 






 






34.2






%






 






 






12.8






%






 






 






27.4






%






 






 






23.4






%








Fuel gallons sold






 






 






 






 






 






829,761






 






 






 






 






 









Summary by Category (Amounts in thousands)








Nine Months Ended January 31, 2026






Prepared Food & Dispensed Beverage






 






Grocery &




General Merchandise






 






Fuel






 






Other






 






Total








Revenue






$






1,349,208






 






 






$






3,473,251






 






 






$






7,730,655






 






 






$






436,208






 






 






$






12,989,322






 








Gross profit






$






786,710






 






 






$






1,246,213






 






 






$






1,099,146






 






 






$






108,615






 






 






$






3,240,684






 








 






 






58.3






%






 






 






35.9






%






 






 






14.2






%






 






 






24.9






%






 






 






24.9






%








Fuel gallons sold






 






 






 






 






 






2,666,866






 






 






 






 






 








Nine Months Ended January 31, 2025






 






 






 






 






 






 






 






 






 








Revenue






$






1,220,107






 






 






$






3,121,949






 






 






$






7,337,096






 






 






$






268,989






 






 






$






11,948,141






 








Gross profit






$






711,034






 






 






$






1,096,018






 






 






$






928,858






 






 






$






90,473






 






 






$






2,826,383






 








 






 






58.3






%






 






 






35.1






%






 






 






12.7






%






 






 






33.6






%






 






 






23.7






%








Fuel gallons sold






 






 






 






 






 






2,378,211






 






 






 






 






 









Prepared Food & Dispensed Beverage






 






Prepared Food & Dispensed Beverage








Same-store Sales






Margin








 






Q1






 






Q2






 






Q3






 






Q4






 






Fiscal




Year






 






Q1






 






Q2






 






Q3






 






Q4






 






Fiscal




Year








F2026






5.6






%






 






4.8






%






 






4.3






%






 






 






 






 






F2026






58.0






%






 






58.6






%






 






58.3






%






 






 






 






 








F2025






4.4






 






 






5.2






 






 






4.7






%






 






1.5






%






 






3.5






%






F2025






58.3






 






 






58.7






 






 






57.8






%






 






57.8






%






 






58.2






%








F2024






5.9






 






 






6.1






 






 






7.5






 






 






8.8






 






 






6.8






 






F2024






58.2






 






 






59.0






 






 






59.6






 






 






58.1






 






 






58.7






 








 






 






 






 






 






 






 






 






 






 






 






 






 






 






 






 






 






 






 






 






 









Grocery & General Merchandise






 






Grocery & General Merchandise








Same-store Sales






Margin








 






Q1






 






Q2






 






Q3






 






Q4






 






Fiscal




Year






 






Q1






 






Q2






 






Q3






 






Q4






 






Fiscal




Year








F2026






3.8






%






 






2.7






%






 






4.0






%






 






 






 






 






F2026






35.9






%






 






36.0






%






 






35.7






%






 






 






 






 








F2025






1.6






 






 






3.6






 






 






3.3






%






 






1.8






%






 






2.3






%






F2025






35.4






 






 






35.6






 






 






34.2






%






 






34.8






%






 






35.0






%








F2024






5.2






 






 






1.7






 






 






2.8






 






 






4.3






 






 






3.5






 






F2024






34.1






 






 






34.0






 






 






33.9






 






 






34.4






 






 






34.1






 








 






 






 






 






 






 






 






 






 






 






 






 






 






 






 






 






 






 






 






 






 









Fuel Gallons






 






Fuel Margin








Same-store Sales






(Cents per gallon, excluding credit card fees)








 






Q1






 






Q2






 






Q3






 






Q4






 






Fiscal




Year






 






Q1






 






Q2






 






Q3






 






Q4






 






Fiscal




Year








F2026






1.7






%






 






0.8






%






 






0.4






%






 






 






 






 






F2026






41.0






¢






 






41.6






¢






 






41.0






¢






 






 






 









F2025






0.7






 






 






(0.6






)






 






1.8






%






 






0.1






%






 






0.1






%






F2025






40.7







 






40.2







 






36.4






¢






 






37.6






¢






 






38.7






¢








F2024






0.4






 






 






—






 






 






(0.4






)






 






0.9






 






 






0.1






 






F2024






41.6






 






 






42.3






 






 






37.3







 






36.5







 






39.5








RECONCILIATION OF NET INCOME TO EBITDA


We define EBITDA as net income before net interest expense, income taxes, and depreciation and amortization. EBITDA is not considered to be a GAAP measure, and should not be considered as a substitute for net income, cash flows from operating activities or other income or cash flow statement data. This measure has limitations as an analytical tool, and should not be considered in isolation or as a substitute for analysis of our results as reported under GAAP. We strongly encourage investors to review our financial statements and publicly filed reports in their entirety and not to rely on any single financial measure.


We believe EBITDA is useful to investors in evaluating our operating performance because securities analysts and other interested parties use this calculation as a measure of financial performance and debt service capabilities, and it is regularly used by management for internal purposes including our capital budgeting process, evaluating acquisition targets, assessing performance, and awarding incentive compensation.


Because non-GAAP financial measures are not standardized, EBITDA, as defined by us, may not be comparable to similarly titled measures reported by other companies. It therefore may not be possible to compare our use of this non-GAAP financial measure with those used by other companies.


The following table contains a reconciliation of net income to EBITDA for the three and nine months ended January 31, 2026 and 2025:




(in thousands)






Three Months Ended January 31,






 






Nine Months Ended January 31,








 






 






2026






 






 






 






2025






 






 






 






2026






 






 






 






2025






 








Net income






$






130,073






 






 






$






87,097






 






 






$






551,764






 






 






$






448,213






 








Interest, net






 






23,381







 






 






29,415







 






 






74,921







 






 






56,035









Federal and state income taxes






 






41,374






 






 






 






20,653






 






 






 






172,133






 






 






 






136,578






 








Depreciation and amortization






 






114,084






 






 






 






105,203






 






 






 






334,463






 






 






 






296,204






 








EBITDA






$






308,912






 






 






$






242,368






 






 






$






1,133,281






 






 






$






937,030






 







NOTES:



Gross profit is defined as revenue less cost of goods sold (exclusive of depreciation and amortization)



Inside is defined as the combination of grocery and general merchandise and prepared food and dispensed beverage



This release contains statements that may constitute forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995, including those related to expectations for future periods, possible or assumed future results of operations, financial conditions, liquidity and related sources or needs, business and/or integration strategies, plans and synergies, supply chain, growth opportunities, and performance at our stores. There are a number of known and unknown risks, uncertainties, and other factors that may cause our actual results to differ materially from any results expressed or implied by these forward-looking statements, including but not limited to the execution of our strategic plan, the integration and financial performance of acquired stores, wholesale fuel, inventory and ingredient costs, distribution challenges and disruptions, the impact and duration of conflicts in oil producing regions or other geopolitical disruptions, as well as other risks, uncertainties and factors which are described in the Company’s most recent annual report on Form 10-K and quarterly reports on Form 10-Q, as filed with the Securities and Exchange Commission and available on our website. Any forward-looking statements contained in this release represent our current views as of the date of this release with respect to future events, and Casey’s disclaims any intention or obligation to update or revise any forward-looking statements in the release whether as a result of new information, future events, or otherwise.


Corporate information is available at this website: https://www.caseys.com. Earnings will be reported during a conference call on March 10, 2026. The call will be broadcast live over the Internet at 7:30 a.m. CDT. To access the call, go to the Events and Presentations section of our website at https://investor.caseys.com/events-presentations. No access code is required. A webcast replay of the call will remain available in an archived format on the Events and Presentations section of our website at https://investor.caseys.com/events-presentations for one year after the call.


CASY-IR

View source version on businesswire.com: https://www.businesswire.com/news/home/20260309242304/en/
Investor Relations Contact:

Brian Johnson (515) 446-6587


Media Relations Contact:

Katie Petru (515) 446-6772


Original: Casey's Announces Third Quarter Results