Casey’s General Stores Inc. ended a record year with fourth-quarter earnings and revenue that blew past expectations.
The country’s third-largest convenience store retailer continued to expand its store network during the past year, adding 80 stores. Executives on Casey’s earnings call said the company plans to open “at least” 120 stores in its current year through a balanced mix of new store construction and acquisitions. (The company added fewer stores in its most recent fiscal year because it was concentrating on integrating the 200-store CEFCO Convenience Stores, which it acquired in November 2024, into its operations.)
“The guidance for store growth for this year is much more getting back on track from a historic standpoint and really more consistent with our growth algorithm,” Casey’s President and CEO Darren Rebelez said on the call.
As it expands, Casey’s has been entering new markets, Texas and Florida in particular. And as it expanded its footprint further into Ohio, Michigan, Kentucky and Tennessee, it has started to run into some different competitors but continues to perform well, Rebelez said on the call.
“We feel very confident in our ability to compete in whatever geography we’re operating in,” he told analysts.
