Casey's General Stores (CASY) FY2026 results: revenue $17.6 billion, up 10.2% on the year

Casey's runs convenience stores across 19 states, about half of them in Iowa, Missouri and Illinois, mostly under the Casey's and Casey's General Store names with a smaller number as GoodStop (by Casey's) or CEFCO. There were 2,944 stores in operation at 30 April 2026, and approximately 71% of them are in areas with populations of fewer than 20,000 people. The company was incorporated in Iowa in 1967 and its financial year runs from 1 May to 30 April.

The stores

Stores carry over 3,000 packaged food, beverage and non-food items across non-alcoholic and alcoholic drinks, snacks and packaged bakery, tobacco and nicotine, frozen food, health and beauty, automotive and housewares, plus services such as ATMs, lottery and prepaid cards. All but six stores sell fuel on a self-service basis, 241 locations offer car washes, and 64 have electric vehicle charging. New stores are mostly freestanding to a standard specification, typically with four to six islands of fuel dispensers and tanks holding 44,000 to 70,000 gallons. Almost all stores open at least sixteen hours a day, seven days a week. An acquired store is normally rebranded as Casey's once a full-service kitchen has been fitted; where the layout or location does not allow one, it trades as GoodStop or keeps its acquired brand.

Prepared food

Pizza is the anchor, sold since 1984 and available in almost all stores, as grab-and-go slices and made-to-order whole pies. Around it sit hot and made-to-order sandwiches, salads and wraps, fries, and bakery items including donuts and cookies, with bone-in and boneless chicken wings recently added and available in approximately 850 stores at 30 April 2026. Dispensed beverages cover fountain drinks, bean-to-cup coffee and frozen drinks. Over the last three fiscal years, retail sales of prepared food and dispensed beverage together with grocery and general merchandise made up about 36% of total revenue but approximately 63% of revenue less cost of goods sold before depreciation and amortisation.

Fuel

Fuel is the larger part of the top line and the smaller part of the margin. Retail fuel was 60.4% of total revenue in fiscal 2026, against 61.3% and 63.3% in the two years before, and fuel margin was 14.1% of that revenue. Gallons sold rose 10.0% over the prior year, helped by operating 40 more stores and a full year of the stores added in the Fikes acquisition, and the average retail price per gallon was $3.02 against $3.06. Average gallons sold per store, counting only stores open a full year, were 1,217 thousand.

Distribution and wholesale

Three distribution centres supply most stores with grocery, general merchandise, prepared food and dispensed beverage items: one next to the Store Support Center in Ankeny, Iowa, the others in Terre Haute, Indiana and Joplin, Missouri. The company also owns a fuel terminal in Waco, Texas, self-distributes most of the fuel its stores sell, and ran a fleet of over 500 tractors at 30 April 2026. Separately it manages wholesale fuel supply agreements with dealer sites and other wholesale locations that it does not operate and does not count in its store total, worth approximately 3% of total revenue in the year.

Rewards and people

Casey's Rewards lets guests earn points online, in store or at the pump and redeem them for fuel discounts, Casey's Cash or donations to the Cash for Classrooms programme, delivered through the company's mobile application; there were over 10 million members enrolled at the end of the fiscal year. The company had 23,490 full-time and 26,358 part-time team members at 30 April 2026, of whom approximately 94% work in stores, with the remainder in field management, the distribution centres, driving fuel or grocery, or at the Store Support Center.

From Casey's annual report on Form 10-K for the year ended 30 April 2026. The filing

Written from the 10-K filed 22 June 2026: read the full 10-K.