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Casey's General Stores

Convenience stores with fuel and pizza

Overview

Casey’s General Stores operates a large network of convenience stores across the Midwest and South, combining fuel services with groceries and ready-to-eat foods at nearly 2,900 locations. Its stores offer self-serve gasoline and a broad selection of items, with a notable pizza program that drives much of its revenue. The company earns by selling fuel, snacks, and prepared foods, especially pizza, alongside everyday essentials. Its aim is to provide convenient access to fuel and food in smaller towns and rural communities while growing its store footprint and strengthening its pizza and prepared-food offerings.

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About Casey's General Stores

Simplify's Rating
Why Casey's General Stores is rated
B-
Rated B on Competitive Edge
Rated B on Growth Potential
Rated C on Differentiation

Industries

Food & AgricultureEnergyConsumer Goods

Company Size

5,001-10,000

Company Stage

IPO

Headquarters

Ankeny, IA

Founded

1968

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What believers are saying

  • September 16, 2026 Casey's closed the $1.145 billion Fikes acquisition, adding CEFCO stores.
  • Q1 fiscal 2027 EPS rose 27.7% to $7.37, with EBITDA up 17.1%.
  • Management targets 120 additions in fiscal 2027 and held $1.4 billion liquidity on July 31, 2026.

What critics are saying

  • September 8, 2026 fuel gallons fell 0.3%, exposing dependence on volatile gasoline demand.
  • Remodeling and Fikes integration already pressured inside same-store sales and capital returns.
  • A sustained fuel-demand collapse would crush traffic, making Casey's rural store network less profitable.

What makes Casey's General Stores unique

  • Casey's owns 2,959 stores across 19 states, concentrated in small-town markets.
  • Its made-from-scratch pizza program drives higher-margin prepared food traffic and brand loyalty.
  • Casey's buys fragmented regional chains, then lifts sales through remodels and integration.

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Funding

Total Funding

$569M

Above

Industry Average

Funded Over

1 Rounds

Post IPO Debt funding comparison data is currently unavailable. We're working to provide this information soon!
Post IPO Debt Funding Comparison Coming Soon

Stock Price

Company News

Yahoo Finance
Nov 4th, 2026
Casey's prepared food earns $292M gross profit, but stock is down 22.7% since May

Casey's General Stores (CASY) shares have fallen 22.7% since May 5, 2026, while the S&P 500 gained 4.8%. At $665.39, the stock would still sit below its June 11 close of $914.72 even after a 30% jump. Prepared food sales, such as pizza, reached $493 million in fiscal Q1 2027, up 7.4%. With a 59.3% gross margin, that is about $292 million of the company's $1.24 billion gross profit. Same-store growth of 4.8% came mostly from traffic, not higher prices. Remodelled Cefco stores, acquired with Fikes, saw prepared food sales rise 30% on average. Free cash flow fell to $190 million from $262 million, partly due to remodel spending. Management expects the payoff to reach overall results around fiscal Q4 2027.

Yahoo Finance
Oct 29th, 2026
Casey's trades at 30.1 times earnings: can fuel margins justify the $670 share price?

Casey's General Stores (CASY) trades at $670.02 a share, or 30.1 times adjusted earnings for the twelve months ended July 31, 2026. Based on consensus forecasts, the stock stands at 31.2 times expected profit for fiscal 2027 and 28.6 times for fiscal 2028. The fiscal 2028 forecast shows net income rising 9.2% on almost flat revenue, so the gain must come from a wider net margin of 4.1%, up from 3.8% in fiscal 2027. In the first quarter of fiscal 2027, net income grew 27% from a year earlier. Fuel margin is the biggest risk. It was 47.8 cents a gallon in the first quarter, but management said August was in the low 40-cent range. Operating expenses rose 8% in the quarter. The next report is expected in December 2026.

CStore Decisions
Oct 27th, 2026
Casey's introduces first-ever pan pizza.

Casey's introduces first-ever pan pizza. Oct 27 2026 Foodservice The new offering will be available in all of Casey's nearly 3,000 stores starting Oct. 28. Casey's has announced the upcoming launch of its first-ever pan pizza, which will join the menu on Wednesday, Oct. 28. "Casey's has become a destination for pizza in the communities we serve, and our all-new pan pizza gives our guests another reason to choose us," said Tom Brennan, chief merchandising officer at Casey's. "We spent nearly two years developing a pan pizza with an amazingly thick, fluffy crust and crispy edges, and it absolutely delivers what guests love about Casey's - craveable abundance at a great value. We cannot wait to share our new pan pizza with our guests as we are confident they will love it." Casey's new pan pizza features a thick square crust made with olive oil, honey, sea salt and double-zero flour. Topped with real mozzarella cheese, customers can order any Casey's pizza on pan crust - from breakfast and single-topping to specialty favorites, including the Ultimate Meat and Sweet Heat Sausage & Pepperoni. "Pan pizza rounds out a strong lineup of crusts, in addition to original and thin, that gives our guests something for every pizza occasion," said Andrew Kintigh, executive chef and culinary director at Casey's. "We crafted a crust with the ideal balance of structure and softness, built to hold Casey's generous toppings while preserving the signature airy center of pan pizza." To celebrate the launch, Casey's Rewards members who buy the new pan pizza will receive a free large, single-topping pizza added to their Rewards account. Plus, Casey's Rewards members earn double points on all whole pie pizza purchases. Points can be redeemed for Casey's Cash, fuel savings at the pump or donations to the Cash for Classrooms grant program. The Cash for Classrooms program raised a record $1.8 million this past August, the retailer revealed in a statement earlier this month. Applications for 2027 grants are open now through Nov. 14. Since 2020, the program has awarded hundreds of grants totaling more than $8 million, and this year's $1.8 million total includes nearly $1.5 million in guest donations, $250,000 from Coca-Cola and $100,000 from Casey's. This year, six Casey's stores raised more than $5,000 individually including the team in Williamsburg, Iowa led by store manager Amber Larson with almost $8,000 raised, the most of Casey's nearly 3,000 locations.

Nation's Restaurant News
Oct 27th, 2026
McDonald's, Casey's, and Chipotle.

McDonald's, Casey's, and Chipotle. Get all the headlines in today's Restaurant Daily podcast. October 27, 2026 The FIFA World Cup won't have McDonald's to kick around with anymore. The fast-food giant is ending its longtime partnership with the quadrennial soccer tournament. The company has opted to shift its marketing, and decided not to renew its sponsorship agreement with the event. McDonald's has sponsored the event since 1994, but the company did not generate the sales it expected during the most recent world cup. Casey's is doubling down on its pizza innovation, fresh off a report that it is likely stealing market share from quick-service giants like Pizza Hut. The convenience store chain is launching its first-ever Pan Pizza this week, marking its biggest crust upgrade in years. The company said the impetus behind the launch was the inaccessibility of such a crust; internal data finds that nearly 80% of the small towns Casey's serves do not have a nearby pan pizza offering. The company spent nearly two years developing the thicker crust, which is made with olive oil, honey, sea salt, and finely milled double zero flour. Pan pizza has become one of the most competitive categories within the segment. In May, Pizza Hut introduced a Crispy Parm Pan Pizza, while earlier this year Papa Johns brought back its pizza for the first time in six years. Chipotle is bringing back its Mesquite-Smoked Brisket in the U.S. and Canada for a limited time beginning Nov. 5. The protein made its debut on Chipotle's menu in September 2021 and sold out earlier than anticipated. It returned in September 2024 and helped drive a 4% transaction lift and higher checks during the quarter it was available. At the time, executives said the launch surpassed expectations. To promote its return, Chipotle invited superfans into restaurant kitchens to prepare the protein and capture the experience from their first-person perspectives as part of the brand's new 100 Creators campaign. Get all the headlines in today's Restaurant Daily podcast. Managing Editor Leigh Anne Zinsmeister is a managing editor for Informa's Foodservice Media, with brands including Nation's Restaurant News, Restaurant Business, and Foodservice Director. Leigh Anne works on all of the brands' special reports, including Nation's Restaurant News' annual Technomic Top 500 report. She also manages the group's digital engagement team. Leigh Anne lives in New York City, but also claims Phoenix, Dallas and Cleveland as hometowns. Leigh Anne holds a bachelor's degree in print journalism from the Walter Cronkite School of Journalism and Mass Communication at Arizona State University, where she also studied European history. Leigh Anne Zinsmeister's experience: * Group Managing Editor, Foodservice Media (June 2026-present) * Group Managing Editor, Informa's Foodservices Vertical (Aug. 2021-June 2026) * Group Content Manager, Informa Restaurant and Food Group (Feb. 2020-Aug. 2021) * Digital Content Manager, Informa Restaurant and Food Group (April 2018-Feb. 2020) * Digital Content Producer, Informa Restaurant and Food Group (June 2016-April 2018) * Community Moderator, Mail Online (March 2014-June 2016) * Wire Editor, Gannett's Phoenix Design studio (The Arizona Republic, The Reno Gazette-Journal, The Statesman Journal, The Great Falls Tribune, The Visalia Times-Delta, The Tulare Advance Register, The Salinas Californian, The St. George Spectrum, The Desert Sun, The Coloradoan) (Jan. 2012-March 2014) Subscribe Nation's Restaurant News Newsletters

Auto Laundry News
Oct 24th, 2026
Speeders continues to grow in Omaha.

Speeders continues to grow in Omaha. Oct 24, 2026 Speeders Car Wash, a membership-focused car wash brand and part of Summit Wash Holdings, continues its expansion in Omaha with the opening of a new location at 7660 Dodge Street. Conveniently located alongside Casey's, the new location offers the same premium wash experience customers enjoy at every Speeders Car Wash. Guests will have access to the full range of wash packages, free vacuums, unlimited membership options, and the fast, high-quality service Speeders is known for. This is the final Casey's location that was recognized as transitioning to Speeders in a June 2026 announcement. The sites are located at: * 2605 S 160th St. * 15275 Weir Plaza St. * 7660 Dodge St. "We continue to be very excited about our collaboration with Casey's," said Dan Pittman, CEO of Summit Wash Holdings - parent company to Russell Speeder's, Speeders, and Waters Car Wash. In addition to a great wash, customers can also take advantage of everything Casey's has to offer, including delicious, prepared foods, quality fuel, and a wide selection of snacks and beverages - making it easy to fuel up, clean up, and get back on the road. "Opening another Speeder's location in Omaha is an exciting opportunity to continue building on the strong relationships we've created throughout this community," said Kevin Matthews, chief operating officer & president of Summit Wash Holdings.

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