Casey's General Stores (CASY) announced its new three-year strategic growth plan for fiscal years 2027-2029 during its 2026 Investor Day. The company aims to achieve top-quintile EBITDA growth, driven by accelerated store expansion, operational efficiencies, and growth in its food and beverage segment.
Key Details
- Financial Targets (FY27-FY29): The company is targeting an 8-10% compounded annual growth rate (CAGR) for EBITDA and expects to generate approximately $2.0 billion in cumulative free cash flow.
- Unit Growth: Plans to add at least 400 stores over the three-year period through a combination of new builds and acquisitions.
- Sales & Margin Guidance: Projects mid-single-digit growth for inside same-store sales, with fuel gallons remaining approximately flat. The company anticipates fuel margins in the mid-40 cents per gallon (CPG) range.
- Capital Allocation: The company's board has authorized a new $1 billion share repurchase program. Capital allocation priorities remain focused on unit growth, maintaining a strong balance sheet, dividends, and opportunistic share repurchases.