Casey’s General Stores Inc., released its financial results for the three months and year ended April 30, 2025 today, reporting net income of $98.3 million, up 13.0% from the same period a year ago.
Inside same-store sales were up 1.7% compared to the prior year, and 7.4% on a two-year stack basis, with an inside margin of 41.2%. Total inside gross profit increased 12.5% to $582.4 million compared to the prior year.
“Casey’s delivered another record fiscal year as our team continued to execute on our three-year strategic plan, reaching $546.5 million of net income and $1.2 billion in EBITDA,” said Darren Rebelez, president and CEO. “Inside same-store sales outperformed the industry, up 2.6%, or 7.1% on a two-year stack basis, led by strong performance in hot sandwiches and bakery as well as alcoholic and non-alcoholic beverages.”
The company said it built or acquired 270 stores in the fiscal year 2025, the most in the company’s history. This included the Fikes Wholesale acquisition and its 198 CEFCO convenience stores.
During a post-earnings call media briefing with Rebelez, he said Casey’s has a 50/50 split between organic development of growth and acquisitions. "Growth is one of our three big pillars of strategy. We approach that from a balance perspective—on any given fiscal year, we’ll look at the landscape and identify the number of units that we are going to target for development. And we usually enter into the year saying that that's going to be a 50/50 split. We like having the optionality of being able to do either organic or acquisition.”
The retailer also reported that its Casey’s Rewards platform grew to over 9 million members by the fiscal year-end.
Meanwhile, fuel same-store gallons were up 0.1% compared to the prior year with a fuel margin of 37.6 cents per gallon. Total fuel gross profit increased 21.4% to $307.8 million compared to the prior year.
The retailer also reported that it was able to reduce labor hours for the next quarter. “From a technology perspective, the use of the digital production planner is an example. We produce a lot of food, and we have a forecast how much we’re going to produce to meet the demand. That forecasting process used to be entirely manual, and so managers had to manually record on paper what those numbers were, and then do math at the end of the day to get a forecast, so it’s very time-consuming for the manager,” Rebelez said. “So now we’ve digitized that entire process to scan the product. It goes into the forecasting system. It uses advanced analytics to generate a more robust forecast. And now our managers, instead of spending all that time doing math and paperwork, now they’re able to focus more on running their store, delivering better guest experience, coaching and training their team members.”
Earlier this month, NACS Daily reported that Casey’s has plans to expand in Texas, and reportedly has submitted 21 filings with the Texas Department of Licensing and Regulation since 2024.