Casey's General Stores
Casey's General Stores is a leading convenience store operator in the United States, primarily serving smaller communities often overlooked by national chains. The company differentiates itself through a robust prepared food program, particularly its signature pizza, and a vertically integrated supply chain that includes self-distribution of fuel and groceries. Its value proposition centers on providing essential goods, fuel, and high-quality prepared meals to rural and suburban markets.
Financials
Based on Q1 2026 · FQ3 FY2026 filing
Revenue
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Fuel
primaryThe retail sale of gasoline and diesel fuel to consumers at self-service stations. This segment is the primary driver of total revenue and is highly sensitive to fluctuations in market prices and consumer travel patterns.
Gasoline, Diesel fuel
Commuters, Local residents, Commercial drivers
Prepared Food and Dispensed Beverage
majorIn-store production and sale of freshly prepared items and beverages. This segment is a significant driver of the company's overall profit margins due to the high-margin nature of proprietary food offerings.
Casey's Pizza, Donuts, Breakfast croissants, Breakfast burritos, Chicken wings, Cheesy breadsticks, Sandwiches, Coffee
Daily commuters, Local families, Quick-service restaurant customers
Grocery and General Merchandise
majorRetail sale of packaged foods, beverages, and household essentials. This segment includes both national brands and an expanding line of private label products.
Soft drinks, Energy drinks, Beer, Wine, Tobacco and nicotine products, Snacks, Health and beauty aids, Automotive products
Convenience shoppers, Rural residents
Wholesale and Other
minorManagement of fuel wholesale supply agreements to dealer sites and other wholesale locations, along with ancillary services like car washes and ATM fees.
Wholesale fuel supply, Car wash services, ATM services, Lottery tickets
Independent fuel dealers, Retail guests
Segment Financials
Fuel — Cost of goods sold (exclusive of depreciation and amortization, shown separately below)
View metricReportable Segment — Cost of goods sold (exclusive of depreciation and amortization, shown separately below)
View metricReportable Segment — Same-store credit card fees expense
View metricPrepared food & dispensed beverage — Cost of goods sold (exclusive of depreciation and amortization, shown separately below)
View metricGrocery & general merchandise — Cost of goods sold (exclusive of depreciation and amortization, shown separately below)
View metricBusiness Overview
Competitive Position
A dominant player in small-town markets with a unique competitive advantage in prepared foods and a high degree of real estate ownership.
Geographies
United States, Midwest, Texas, South
Customer Segments
Rural consumers, Suburban residents, Motorists
Upstream Dependencies
Fuel refineries, Food and beverage manufacturers, Tobacco producers, Automotive product suppliers
Downstream Customers
Individual retail consumers, Independent fuel dealers, Local schools (via rewards donations)
Competitors & Partners
Subsidiaries
Casey's Marketing Company
Wholly-owned subsidiary responsible for wholesale operations, distribution centers, and fuel network management.
Casey's Retail Company
Wholly-owned subsidiary that operates stores and holds intellectual property rights.
Casey's Services Company
Wholly-owned subsidiary providing construction, maintenance, and transportation services.
Fikes Wholesale
Acquired owner of CEFCO Convenience Stores and fuel terminals.
CEFCO Stores, LLC
Retail convenience store brand acquired through the Fikes transaction.
Casey's General Stores FAQ
Common questions about Casey's General Stores
Casey's General Stores is a leading convenience store operator in the United States, primarily serving smaller communities often overlooked by national chains. The company differentiates itself through a robust prepared food program, particularly its signature pizza, and a vertically integrated supply chain that includes self-distribution of fuel and groceries. Its value proposition centers on providing essential goods, fuel, and high-quality prepared meals to rural and suburban markets.
Casey's General Stores (CASY) has a market capitalization of $32.4B and trades on NASDAQ.
Casey's General Stores generated $17.0B in trailing twelve-month revenue with net income of $650.1M, representing a net margin of 3.8%. Gross margin stands at 24.5%, with free cash flow of $667.3M. These figures are based on the Q4 2025 filing.
Casey's General Stores's key competitors include Dollar General, Starbucks Corp, Keurig Dr Pepper Inc., and others. These companies compete in similar markets and product categories.
Casey's General Stores has approximately 42,982 employees.