US convenience retailer Casey’s General Stores has delivered a record fiscal year 2025 with a net income of $546.5m and earnings before interest, taxes, depreciation and amortisation (EBITDA) of $1.2bn.
The brand achieved diluted earnings per share (EPS) of $14.64 – a 9% increase over the previous year.
Go deeper with GlobalData
The company saw a record year of expansion, constructing or acquiring 270 stores, including the significant acquisition of Fikes Wholesale and its 198 CEFCO convenience stores.
Casey’s posted total revenue of $3.9bn for the fourth quarter (Q4) and $15.9bn for the 12 months ending 30 April.
The fourth quarter saw diluted EPS climb 12.4% to $2.63, with net income rising to $98.3m, a 13% increase from the previous year. EBITDA also saw a notable rise of 20.1%, reaching $263m.
The financial growth in Q4 was attributed to increased inside and fuel gross profit, despite higher operating expenses due to an additional 246 stores.
US Tariffs are shifting - will you react or anticipate?
Don’t let policy changes catch you off guard. Stay proactive with real-time data and expert analysis.
By GlobalDataInside same-store sales in Q4 saw a 1.7% uptick, or 7.4% on a two-year stack basis, driven by strong performance in the prepared food and dispensed beverage category, as well as grocery and general merchandise.
As of 30 April 2025, Casey’s held $1.2bn in available liquidity: $327m in cash and cash equivalents, and $900m in undrawn borrowing capacity.
The company did not repurchase any shares during Q4 but has around $295m remaining under its share repurchase authorisation.
Casey’s president and CEO Darren Rebelez stated: Casey’s delivered another record fiscal year as our team continued to execute on our three-year strategic plan, reaching $546.5m of net income and $1.2bn in EBITDA.
“Inside same-store sales outperformed the industry, up 2.6%, or 7.1% on a two-year stack basis, led by strong performance in hot sandwiches and bakery as well as alcoholic and non-alcoholic beverages. Our fuel team grew market share and produced a healthy margin, as fuel gross profit increased 10.7% from the prior year. The operations team performed exceptionally well during the year, driving strong performance, integrating the most new units in Casey’s history, while reducing same-store labour hours for the twelfth consecutive quarter.”
Looking ahead to fiscal 2026, Casey’s anticipates EBITDA to grow by between 10% and 12%, with inside same-store sales expected to rise between 2% and 5%.
