Casey's General Stores, Inc. (CASY)

Casey's General Stores, Inc. has experienced positive stock performance, with its share price increasing by 35.70% from November 27, 2024, to November 26, 2025. The company reported strong first-quarter fiscal year 2026 results, with net income and EBITDA increasing compared to the same period last year, attributed to robust same-store sales and the operation of additional stores. Inside same-store sales grew, driven by strong performance in prepared food and dispensed beverages. The acquisition of Fikes Wholesale, Inc. expanded Casey's presence into Alabama, Florida, and Mississippi. In fiscal year 2025, Casey's built or acquired a record 270 stores.

Demand for Casey's products and services is influenced by various factors, and the company actively manages this through strategic planning. Casey's utilizes demand planning technology to optimize procurement and inventory management. Prepared food operations are significant contributors to gross profit, and the company's summer merchandising plans drive positive traffic growth. The nature of convenience stores experiences fluctuations in demand related to travel patterns and daily routines.

Casey's General Stores, Inc. operates in the Food Retail & Distribution and Specialty Stores sectors, with its core business revolving around convenience stores. These stores offer a broad selection of products, including freshly prepared foods like pizza, donuts, hot breakfast items, and sandwiches, as well as beverages, tobacco and nicotine products, health and beauty aids, automotive products, and other non-food items. A significant portion of their business involves the sale of gasoline and diesel fuel, and stores provide services like ATMs, lotto/lottery, and prepaid cards, with some locations also offering car washes.

As of late 2025, Casey's operates over 2,900 convenience stores across 19 states. The company's distribution strategy heavily focuses on the Midwest, with substantial store concentrations in Illinois, Iowa, and Missouri.

In the past year, Casey's has actively worked to enhance its brand image by launching a new brand campaign and entering into a naming rights partnership for the "Casey's Center" in Des Moines. However, a lawsuit filed in October 2025 in Iowa alleges that Casey's General Stores did not apply advertised in-store discounts at the point of sale, which could potentially affect its brand reputation.

Casey's General Stores, Inc. is largely controlled by institutional shareholders, who collectively own a significant portion of the company's stock. Major institutional owners include Vanguard Group Inc., BlackRock, Inc., Morgan Stanley, State Street Corp, and T. Rowe Price Investment Management, Inc. Individual investors hold approximately 13% of the company's shares, while insiders own less than 1%.