Casey’s reported a net income of $215.4 million in Q1 2025, up 19.5% from the prior year, and EBITDA was $414.3 million, up 19.8% from the same period a year ago, the retailer said in its financial results for the three months ended July 31, 2025.
"Casey’s delivered an excellent first quarter highlighted by strong sales growth both inside and outside the store," said Darren Rebelez, chairman, president and CEO. "Our inside same-store sales were driven by positive traffic growth due to our summer merchandising plan as well as our team’s outstanding execution, demonstrating our ability to serve our guests efficiently at a high level. … Overall, robust same-store sales combined with operating over 200 more stores than the prior year has led to outstanding financial results across the business."
The retailer’s inside same-store sales increased 4.3% compared to prior year, and 6.7% on a two-year stack basis, with an inside margin of 41.9%. Total inside gross profit increased 14.8% to $705.5 million compared to the prior year.
Same-store operating expenses excluding credit card fees were up 3.0%, "favorably impacted by a 1% reduction in same-store labor hours."
Casey’s said same-store fuel gallons were up 1.7% compared to prior year with a fuel margin of 41.0 cents per gallon. Total fuel gross profit increased 18.8% to $373.6 million compared to the prior year.
The retailer said the company’s fiscal 2026 outlook previously disclosed remains unchanged.
In other recent Casey’s news, over the summer on July 1, the former Wells Fargo Arena in Des Moines, Iowa, became the Casey’s Center. The venue had been known by its previous name since it opened in 2005. Casey’s will hold the naming rights to the arena for 10 years.