Casey’s General Stores Reports 14.2% Revenue Growth to $4.51 Billion in Latest Quarter

Casey’s General Stores, Inc. reported significant financial growth in its latest quarterly filing, with total revenue for the three months ending October 31, 2025, reaching $4.51 billion, a 14.2% increase from $3.95 billion in the same period last year. The company’s net income also rose to $206.34 million, up 14.0% from $180.92 million a year earlier. This growth was primarily driven by the acquisition of Fikes Wholesale, which added 198 stores and a wholesale fuel network, contributing approximately $511.8 million to revenue. The diluted earnings per share increased to $5.53 from $4.85 in the prior year.

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 also experienced a 0.8% rise in same-store fuel gallons sold. As of October 31, 2025, Casey’s operated 2,921 stores across 19 states, with 236 more stores than the previous year, reflecting ongoing geographic expansion. The company’s cash and cash equivalents increased to $492.02 million from $326.66 million at the end of April 2025, indicating improved liquidity.

The filing also highlighted a rise in operating expenses, which increased by 16.7% to $711.59 million, attributed to the operation of additional stores and increased labor costs. Depreciation and amortization expenses rose to $111.42 million, reflecting the impact of the expanded store base. Interest expenses nearly doubled to $24.69 million, primarily due to incremental debt incurred to finance the Fikes acquisition. The effective tax rate for the quarter was 24.7%, slightly higher than the previous year’s 24.5%.

Looking ahead, Casey’s management expressed optimism about maintaining elevated profitability levels, particularly in fuel sales, despite potential fluctuations due to macroeconomic conditions and oil prices. The company is also focusing on expanding its electric vehicle charging infrastructure, with 232 charging stations installed at 48 locations across 13 states as of the end of October 2025. This strategic move aligns with growing consumer demand for alternative fuel options. Overall, Casey’s continues to adapt its business model to meet evolving consumer preferences while pursuing growth through acquisitions and operational efficiencies.