Casey’s General Stores Reports 17.3% Revenue Growth to $3.9 Billion in Q3 2025

Casey’s General Stores, Inc. reported significant financial performance for the third quarter and first nine months of fiscal 2025, with total revenue reaching $3.9 billion for the quarter, a 17.3% increase from $3.3 billion in the same period last year. For the nine months ending January 31, 2025, revenue was $11.9 billion, up 6.1% from $11.3 billion in the prior year. The company’s net income for the third quarter was $87.1 million, slightly higher than $86.9 million a year earlier, while net income for the nine months increased to $448.2 million from $415.0 million. The diluted earnings per share remained stable at $2.33 for the third quarter, matching the previous year’s figure.

The increase in revenue was primarily driven by the acquisition of Fikes Wholesale, which added 198 convenience stores and a wholesale fuel network, contributing approximately $459.4 million to the quarterly revenue. Additionally, same-store sales for prepared food and dispensed beverages rose by 4.7%, while grocery and general merchandise sales increased by 3.3%. The company also reported a 20.4% increase in fuel gallons sold, although this was partially offset by a 4.2% decrease in the average retail price per gallon.

Operationally, Casey’s expanded its footprint to 2,893 stores across 20 states, with the Fikes acquisition marking its entry into Alabama, Florida, and Mississippi. The company also reported a 17.8% increase in operating expenses to $670.2 million, attributed to the integration of new stores and one-time costs related to the acquisition. The total number of employees increased as a result of these acquisitions, although specific headcount figures were not disclosed.

Looking ahead, Casey’s management expressed optimism about future growth, particularly in the convenience store sector, despite potential challenges from fluctuating fuel prices and economic conditions. The company is also focusing on expanding its electric vehicle charging infrastructure, with 230 charging stations installed across 47 stores in 13 states as of January 31, 2025. The strategic direction includes enhancing product offerings and improving operational efficiencies to drive long-term shareholder value.