Casey’s General Stores has unveiled a new three-year strategy centred on adding at least 400 outlets through acquisitions and new-store construction.
The US convenience retailer said the plan is built around three main areas: strengthening its food and beverage range, expanding its store estate, and raising operational efficiency.
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The store growth goal will be achieved through a combination of targeted acquisitions and development in both current and new markets.
The move follows the completion of the retailer’s previous strategic plan, launched in 2023, under which it surpassed its operational and financial goals and added more than 500 stores.
Food will remain a key area of investment, and it also plans to broaden its private-brand range.
To improve efficiency, Casey’s will invest in technology and data-led tools aimed at food preparation, customer service and store operations.
Casey’s president and CEO Darren Rebelez said: “As we enter our next three-year plan, we are focused on expanding our food business, growing our store base, and leveraging technology to improve efficiency and execution.
“We believe these priorities will enable us to continue gaining market share, driving profitable growth, and delivering long-term value for our shareholders.”
The latest strategy comes after the company released its fourth-quarter and full-year results for the period ended 30 April 2026 earlier this month.
In the fourth quarter, net income increased 65.5% to $162.7m while earnings before interest, taxes, depreciation and amortisation (EBITDA) rose 33.2% to $350.3m.
For the full year, net income climbed 30.7% to $714.4m and EBITDA increased 23.6% to almost $1.5bn.
Looking ahead to fiscal 2027, Casey’s said it expects inside same-store sales growth of 2% to 5%, with inside margin above 42%.
It also forecast EBITDA growth of 8% to 10%, which it said implies 35% on a two-year stack basis at the midpoint of the range.
