Casey’s General Stores Reports Stellar Fiscal Year 2025 Performance
A Record-Breaking Year
Casey’s General Stores has undeniably surged ahead in fiscal year 2025, posting an impressive net income of $546.5 million. This results in an earnings before interest, taxes, depreciation, and amortization (EBITDA) of $1.2 billion, marking a monumental achievement for the convenience retailer.
Earnings Per Share Surge
The brand’s financial success is further highlighted by a 9% increase in diluted earnings per share, which stood at $14.64 compared to the previous year. This uptick is a testament to Casey’s robust operational strategies and market positioning.
Strategic Expansion
Throughout the fiscal year, Casey’s underwent noteworthy growth, constructing and acquiring 270 new stores. A significant highlight was the acquisition of Fikes Wholesale, which brought 198 CEFCO convenience stores into the fold. This strategic expansion not only improves market reach but also enhances brand visibility across diverse regions.
Impressive Revenue Figures
In the fourth quarter alone, Casey’s generated a total revenue of $3.9 billion, contributing to an impressive $15.9 billion for the 12 months ending April 30. The fourth quarter saw a substantial rise in diluted EPS, climbing 12.4% to $2.63. Net income grew to $98.3 million, a 13% increase year-on-year, while EBITDA increased by 20.1%, reaching $263 million.
Strong Sales Performance
The financial growth during Q4 can largely be attributed to increased gross profits from both inside sales and fuel, despite rising operating expenses tied to the addition of 246 stores. Notably, inside same-store sales experienced a modest 1.7% increase, or an impressive 7.4% when viewed in a two-year context. This growth was driven primarily by high-performing categories such as prepared food, dispensed beverages, and general merchandise.
Robust Financial Position
As of April 30, 2025, Casey’s reported a solid liquidity position of $1.2 billion, comprising $327 million in cash and cash equivalents alongside an undrawn borrowing capacity of $900 million. Although the company did not engage in any share repurchase activities during Q4, it retains approximately $295 million under its share repurchase authorization, offering potential for future shareholder returns.
Leadership Highlights
Darren Rebelez, Casey’s President and CEO, articulated confidence in the company’s trajectory by stating, “Casey’s delivered another record fiscal year as our team continued to execute on our three-year strategic plan.” He noted that inside same-store sales exceeded industry performance, jumping 2.6%, or 7.1% on a two-year basis, driven by strong demand for hot sandwiches, bakery items, and beverages. Additionally, Casey’s fuel division improved market share and profit margins, contributing to a 10.7% increase in fuel gross profit year-over-year.
Looking Ahead
As Casey’s eye toward fiscal 2026, there are promising expectations, with EBITDA growth projected between 10% and 12%. Inside same-store sales are anticipated to rise between 2% and 5%. These forward-looking statements reflect a commitment to sustained growth and adaptation in a competitive landscape.
In summary, Casey’s General Stores has set an impressive benchmark for fiscal year 2025, showcasing strong earnings, strategic expansions, and robust financial health. This momentum positions the retailer favorably for continued growth and success in the upcoming fiscal year.
This level of detailed analysis and forward-looking insights can truly distinguish our content at Extreme Investor Network. Join us as we explore more in-depth financial narratives and stay ahead in the investment space!