Casey's General Stores Reports Record Growth, Expands 270 Stores

Casey's General Stores reported strong financial results for fiscal year 2025, with a notable increase in earnings per share, net income, and EBITDA, supported by the acquisition of 270 new locations, a record for the company. CEO Darren Rebelez highlighted a shift in consumer behavior toward value-consciousness post-Covid, which has driven demand for Casey's competitively priced offerings like its signature made-from-scratch pizza. Despite rising construction costs, Casey's is favoring acquisitions over new store builds while maintaining flexibility to increase construction if economic conditions improve, as it holds significant land for future development. The company’s stock has surged to a 52-week high following the earnings beat, buoyed by bullish options activity from financial traders anticipating continued growth in the $420 to $560 price range. Casey's maintains a strong balance sheet, low debt-to-EBITDA ratio, and a 26-year dividend growth streak, with plans to expand further by opening at least 80 new stores in fiscal 2026. Overall, Casey's strategic acquisitions, operational strengths, and consumer value focus position it well for sustained growth amid evolving market conditions.