Casey's General Stores, Inc. (CASY) Earnings Call Transcripts

Casey's General Stores, Inc.'s Latest Earnings Call - June 24, 2026

In the fiscal year 2026 earnings call for Casey's General Stores, Inc. (CASY:US), management reported a robust 16% CAGR in EBITDA over the past three years, significantly outperforming their previous targets. Revenue for the quarter reached $1.2 billion, with same-store sales growing at a 4% CAGR. Management reiterated their commitment to an 8% to 10% EBITDA growth target for the next three years while maintaining a disciplined approach to capital allocation, including plans to open 400 new stores and a focus on enhancing operational efficiency.

Reported metrics

Guidance from management

Management maintained an EBITDA growth target of 8% to 10% for the next three years, with plans to grow the store base by at least 400 units and generate approximately $2 billion in free cash flow.

What management said

We're going to start the Q&A process here in about 2 minutes. So if you could kind of get your last beverages, we'd appreciate it. All right. We're going to start the Q&A portion of [indiscernible] A couple of just quick one for us. [Operator Instructions]. And we've got two ladies here on the side that we walk around microphones that will help you out. They will pick who they will go to. So, go ahead.

So the other thing I'd add to that is with our access program, we gained revenue. We have some costs associated at the margin, so to speak, from access. We reinvest in advertising for -- primarily for our prepared foods. So -- we're not using that as another P&L line. We're using that to drive more velocity in our highest-margin categories into the store.

What analysts pressed on

Analysts expressed concerns about the potential impact of declining fuel margins on the company's growth targets, particularly in a volatile market. There were also questions regarding the effectiveness of private label products and the competitive landscape in the QSR sector.

Main topics on the call

• Strong Financial Performance — Casey's reported a 16% CAGR in EBITDA over the past three years, exceeding the top quintile target of 8% to 10%. Management stated, "We grew EBITDA to 16% CAGR over the past 3 years and that exceeded the top quintile tar...
• Future Growth Strategy — Management outlined plans to grow the store base by at least 400 units over the next three years, stating, "We plan to grow the store base by at least 400 units." This growth will be achieved through a mix of organic gro...
• Operational Efficiency Initiatives — Casey's has implemented 50 process improvements to enhance operational efficiency, resulting in a reduction of same-store labor hours by approximately 5%. Management noted, "We reduced our same-store labor hours by appro...
• Digital and Loyalty Engagement — The company has nearly 11 million rewards members, which significantly drives traffic and sales. Management highlighted, "Rewards members have visited more frequently and spent roughly 4x more than nonmembers."

Read the full Casey's General Stores, Inc. transcript (June 24, 2026) → Summary generated from the call transcript; every figure above is stated by management on the record.

Earnings Call History

EarningsCalls.dev has 40 Casey's General Stores, Inc. earnings call transcripts on record, spanning January 9, 2020 to June 24, 2026. Based on this history, Casey's General Stores, Inc. reports quarterly. The most recent call on file is dated June 24, 2026. The full list is below — each row opens the complete, free-to-read transcript.

Ticker

CASY

Exchange

NasdaqGS

Country

US

Sector

Consumer Staples

Industry

Consumer Staples Distribution and Retail

Calls on record

40

First call

January 9, 2020

Most recent

June 24, 2026

Reporting cadence

quarterly