Casey’s General Stores has reported solid growth in sales and profit for the fourth quarter, wrapping up what management described as “another record year”.
The company’s inside sales for the quarter ended April 30 rose 12.4 per cent to $1.4 billion, with same-store sales up 1.7 per cent. The growth was attributed to high demand for bakery, hot and cold food, and non-alcoholic beverages.
Fuel same-store gallons were up 0.1 per cent with a fuel margin of 37.6 cents per gallon.
Net income soared 13 per cent to $98.3 million and EBITDA jumped 20.2 per cent to $263.0 million.
For the full year, net income increased 8.9 per cent to $546.5 million, and EBITDA improved 13.3 per cent to $1.2 billion.
The company built or acquired 270 stores in the year, including the Fikes Wholesale acquisition and its 198 Cefco convenience stores.
“Casey’s delivered another record fiscal year as our team continued to execute on our three-year strategic plan,” said president and CEO Darren Rebelez.
Inside same-store sales outperformed the industry, while the fuel business also grew market share and produced a healthy margin, Rebelez added.
For FY26, Casey’s expects inside same-store sales to increase 2-5 per cent and same-store fuel gallons sold to be negative 1 per cent to positive 1 per cent. Full-year EBITDA is forecast to grow 10-12 per cent.