Casey’s targets 120 new stores after record year
U.S. convenience retailer reports strong earnings and continued growth in food and fuel sales.
Casey’s General Stores plans to open at least 120 locations in its new fiscal year following a record financial performance, the company reported for the period ending April 30, 2026. The expansion, driven by both acquisitions and new construction, will support growth across its network of more than 2,900 stores in 19 U.S. states.
The retailer posted strong results in the fourth quarter, with inside same-store sales rising 5.5% year over year. Net income for the quarter increased 65.5% to $162.7 million, while full-year net income grew 30.7% to $714.4 million. Performance was supported by continued demand in prepared food and non-alcoholic beverages, key categories within Casey’s operations.
Fuel sales also saw modest growth, with same-store gallons up 1.5% in the quarter, alongside a fuel margin of 46.9 cents per gallon. The company’s loyalty program, Casey’s Rewards, expanded to nearly 10.5 million members, reflecting increased customer engagement across its network.
Darren Rebelez, CEO and President of Casey’s, said: “Casey's delivered another record fiscal year as our team closed out the three-year strategic plan on an extremely high note.”
Looking ahead, the retailer expects inside same-store sales to grow between 2% and 5% in the coming fiscal year. The planned store openings form part of Casey’s broader strategy to scale its footprint while maintaining momentum in both retail and foodservice segments.
