Combining a gas station with groceries and various fast-food options means that the revenue streams are diverse and operate with a built-in hedge against fluctuating oil prices, with Casey's being vertically integrated and running its own distribution. The company is preparing for the EV transition by rolling out EV charging stations while continuing to develop a made-from-scratch Pizza program which now includes delivery and online ordering.
Cyborg Score Rationale
Casey's reported a 19% increase in diluted EPS reaching $5.77 per share, with a 20% increase in both net income and EBITDA of $215 million and $414 million respectively. As a result of strong financial performance year to date, Casey's expects fiscal 2026 EBITDA to increase 15% to 17%.
Top Insights
Casey's expects to open at least 80 new c-stores in fiscal 2026, through a mix of acquisitions and new construction, bringing the three-year strategic plan period total to approximately 500 stores
Casey's acquired 198 stores when it purchased Fikes Wholesale, owner of CEFCO Convenience Stores, in November 2024
Same-store inside sales were driven by strong performance in the prepared food and dispensed beverage category, including whole pizzas and bakery as well as non-alcoholic beverages
Free Cash Flow reached $262 million, compared to $181 million in the prior year
Named Competitors
Circle K — Global convenience store leader
Speedway — Convenience store and fuel retailer
Wawa — Regional convenience store chain
Recent Developments
(December 2025) Casey's reported Q2 2026 net income of $206.3 million, up 14% from the same period last year, and expects fiscal 2026 EBITDA to increase 15% to 17%
(November 2024) Casey's acquired 198 stores through the purchase of Fikes Wholesale, owner of CEFCO Convenience Stores
(September 2025) Q1 2026 earnings showed 19% increase in diluted EPS with 20% increase in net income and EBITDA
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