Casey's General Stores
Runs smaller-town convenience stores built around fuel, merchandise, and made-to-order pizza.
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Profile
Sells fuel, groceries, convenience merchandise, and made-to-order food through stores concentrated in smaller Midwestern and Southern communities. Fuel generates most revenue, while higher-margin inside sales—especially prepared food, dispensed beverages, and merchandise—provide most gross profit before operating costs.
Operates convenience stores across the Midwest and South, with roughly half the footprint in Iowa, Missouri, and Illinois and most locations serving smaller communities. Stores combine self-service fuel with grocery and general merchandise, tobacco and nicotine products, and prepared food and dispensed beverages. Full-service kitchens in almost all locations center on made-to-order and grab-and-go pizza.
Uses three company distribution centers, a large delivery fleet, and mostly owned real estate to supply stores and convert suitable acquisitions to the kitchen-led format. Managed as a single segment, fuel provides most revenue, while inside merchandise and prepared food contribute most gross profit before operating costs. Operations depend on fuel and ingredient markets, distribution continuity, store staffing, food safety, and rules governing underground tanks and age-restricted products.
Company facts
Key statistics
Year to date +35.8% · Average volume (30d) 294.0K
Analysts
Ratings
Target range
Latest analyst notes
| Date | Firm | Action | Prior rating | Rating | Prior target | Target |
|---|---|---|---|---|---|---|
| Aug 27, 2026 | UBS | Reiterate | Neutral | $945 | $925 | |
| Jul 29, 2026 | RBC Capital | Reiterate | Sector Perform | $850 | $913 | |
| Jul 13, 2026 | Northcoast Research | Target | $410 | $950 | ||
| Jun 29, 2026 | BMO Capital | Upgrade | Market Perform | Outperform | ||
| Jun 25, 2026 | RBC Capital | Reiterate | Sector Perform | $794 | $850 |
Earnings
EPS
Revenue
History
| Report date | EPS est | EPS | Surprise | Revenue est | Revenue | Surprise | Next session |
|---|---|---|---|---|---|---|---|
| Jun 9, 2026Q4 FY26 | $3.31 | $4.37 | +32.0% | $4.33B | $4.57B | +5.7% | +20.29% |
| Mar 9, 2026Q3 FY26 | $3.00 | $3.49 | +16.3% | $4.04B | $3.92B | −3.1% | +3.82% |
| Dec 9, 2025Q2 FY26 | $5.19 | $5.53 | +6.6% | $4.49B | $4.51B | +0.3% | −5.34% |
| Sep 8, 2025Q1 FY26 | $5.02 | $5.77 | +14.9% | $4.46B | $4.57B | +2.3% | +3.80% |
Financial highlights
| 12 quarters | Q3 FY25 | Q4 FY25 | Q1 FY26 | Q2 FY26 | Q3 FY26 | Q4 FY26 | |
|---|---|---|---|---|---|---|---|
| Revenue | $3.90B | $3.99B | $4.57B | $4.51B | $3.92B | $4.57B | |
| Gross profit | $912.6M | $926.0M | $1.00B | $1.12B | $1.01B | $1.19B | |
| Operating income | $137.2M | $155.6M | $305.3M | $298.7M | $308.9M | $120.8M | |
| Net income | $87.1M | $98.3M | $215.4M | $206.3M | $130.1M | $162.7M | |
| Diluted EPS | $2.33 | $2.63 | $5.77 | $5.53 | $3.49 | $4.37 | |
| Gross margin | 23.4% | 23.2% | 22.0% | 24.9% | 25.7% | 26.0% | |
| Operating margin | 3.5% | 3.9% | 6.7% | 6.6% | 7.9% | 2.6% |
Fiscal years (4-quarter sums)FY22 $12.95B · FY23 $15.09B · FY24 $14.86B · FY25 $15.94B · FY26 $17.56B
Revenue by product · Q3 FY26
Balance sheet, Apr 30, 2026Cash & short-term investments $523.0M · Total debt $2.91B · Total assets $8.94B · Shareholders' equity $3.95B
Dividends
Raised for 34 straight years — most recently to $0.65 from $0.57 in Jul 2026. To collect a payout, hold shares through the close before the ex-date.
History
| Ex-date | Record | Paid | Amount | Note |
|---|---|---|---|---|
| Jul 31, 2026 | Aug 1 | Aug 14 | $0.65 | raised from $0.57 |
| May 1, 2026 | May 1 | May 15 | $0.57 | |
| Jan 30, 2026 | Feb 1 | Feb 13 | $0.57 | |
| Oct 31, 2025 | Nov 1 | Nov 14 | $0.57 | |
| Aug 1, 2025 | Aug 1 | Aug 15 | $0.57 | raised from $0.50 |
| May 1, 2025 | May 1 | May 15 | $0.50 | |
| Feb 3, 2025 | Feb 3 | Feb 17 | $0.50 | |
| Nov 1, 2024 | Nov 1 | Nov 15 | $0.50 |
Ownership
A 13F quarter can total more than the shares outstanding — sub-advisers file the same block twice, and a filer's own share count can be a quarter stale. No split is drawn from it.
Shares outstanding 37.00M · Float 36.75M · 99.3% free float
Top shareholders13F · 13D/G · Form 4
| Holder | Shares | % outstanding | Form | Filed |
|---|---|---|---|---|
| BlackRock, Inc. | 3.47M | 9.38% | 13F | Aug 7, 2026 |
| Vanguard Capital Management LLC | 2.41M | 6.53% | 13F | Aug 13, 2026 |
| Vanguard Portfolio Management LLC | 1.82M | 4.92% | 13F | Aug 13, 2026 |
| State Street Corp | 1.76M | 4.75% | 13F | Aug 7, 2026 |
| Geode Capital Management, LLC | 1.08M | 2.93% | 13F | Aug 12, 2026 |
Insider tradesForm 4
| Date | Insider | Role | Shares | Avg price |
|---|---|---|---|---|
| Jul 8, 2026 | Stephen P. JR Bramlage | officer: Chief Financial Officer | −5,700 | $838.16 |
| Jul 8, 2026 | Allison M. Wing | director | −530 | $837.58 |
| Jul 9, 2026 | Williams Ena Koschel | officer: Chief Operating Officer | −2,800 | $833.69 |
| Jul 7, 2026 | Darren M. Rebelez | director, officer: President and CEO | −19,000 | $801.46 |
| Jul 1, 2026 | Williams Ena Koschel | officer: Chief Operating Officer | −3,000 | $785.20 |
Peers
- Murphy USA
Fuel-first c-store chain (~1,800 stores), Walmart-adjacent, South & Midwest.
- Dollar General
Rural-dominant discount retailer (20,700+ stores); consumables in small towns.
- Domino's Pizza
World's #1 pizza chain (7,186 US stores, 23.3% US QSR pizza share in 2025).
- Papa Johns
World's #3 pizza company, 3,523 North American stores, carryout-led.
CompareAfter-hours close
| Company | Price | Change | |||||
|---|---|---|---|---|---|---|---|
| Casey's General Stores | $766.20 | +1.40% | $27.96B | 39.4 | 35.4 | 1.6 | +14.5% |
| Murphy USA | $503.19 | −0.05% | $9.29B | 15.3 | 16.6 | 0.4 | +36.0% |
| Dollar General | $123.13 | +0.23% | $27.11B | 16.0 | 15.9 | 0.6 | +5.2% |
| Domino's Pizza | $348.74 | −0.38% | $11.58B | 19.9 | 17.3 | 2.3 | +4.3% |
| Papa Johns | $23.90 | +0.80% | $780.4M | 30.0 | 20.6 | 0.4 | −8.8% |
| Median | 17.9 | 16.9 | 0.5 | +4.8% |