Casey’s General Stores Reports 24.3% Revenue Growth to $5.68 Billion

Casey’s General Stores, Inc. reported significant financial growth in its latest quarterly results, with total revenue for the three months ended July 31, 2026, reaching $5.68 billion, a 24.3% increase from $4.57 billion in the same period last year. The company’s net income also saw a substantial rise, climbing to $273.7 million, up 27.1% from $215.4 million a year earlier. This resulted in a diluted earnings per share of $7.37, compared to $5.77 in the prior year. The increase in revenue was driven by higher sales across various product categories, particularly in fuel, which saw a revenue increase of 36.3% due to a rise in average retail prices and an increase in gallons sold.

In terms of operational metrics, Casey’s reported a same-store sales increase of 4.8% for prepared food and dispensed beverages, and a 2.7% increase for grocery and general merchandise. The company operated 2,959 stores as of July 31, 2026, reflecting a net addition of 15 stores since April 30, 2026, which included 12 acquisitions and 9 new constructions. The company’s focus on expanding its footprint in smaller communities, where 71% of its stores are located, continues to be a strategic priority.

The company’s operational expenses increased by 8.0% to $754.1 million, attributed to the expansion of its store base and rising labor costs. Additionally, depreciation and amortization expenses rose to $116.0 million, reflecting ongoing investments in property and equipment. Despite these increases, the company managed to improve its cash flow from operations, which totaled $384.1 million, up from $372.4 million in the previous year, aided by improved revenue and a decrease in interest payments.

Strategically, Casey’s has been enhancing its product offerings and services, including the expansion of its electric vehicle (EV) charging stations, which now number 294 across 68 stores in 14 states. This initiative aligns with the growing consumer demand for alternative fuel options. The company also continues to manage its wholesale fuel supply agreements, which contributed approximately 3% of total revenue during the quarter. Looking ahead, Casey’s remains optimistic about its growth trajectory, supported by its ongoing investments in store expansions and enhancements to its product lines, while navigating the challenges posed by market conditions and operational costs.