Casey's General Stores reported a record-breaking fiscal year 2025, marked by the largest store growth in company history, primarily through the Fikes Wholesale acquisition, alongside strong operational efficiency and robust inside sales. The company also highlighted its significant community contributions and strategic capital allocation plans, including a dividend increase and share repurchases.
- Record Unit Growth Driven by Fikes Acquisition: Fiscal 2025 marked the largest store growth year in company history, with 35 new builds and 235 units acquired, including the transformative Fikes Wholesale acquisition of 198 CEFCO convenience stores.
- Sustained Operational Efficiency and Labor Hour Reductions: The company achieved its 12th consecutive quarter of same-store labor hour reduction, contributing to a favorable 1.7% increase in same-store operating expenses (excluding credit card fees) for the year, while simultaneously improving guest satisfaction and team member engagement.
- Strong Free Cash Flow and Enhanced Shareholder Returns: Casey's generated a record $585 million in free cash flow for the year, enabling faster-than-anticipated deleveraging, a 14% dividend increase (26th consecutive year), and a planned $125 million in share repurchases for fiscal 2026.