Casey’s General Stores, Inc., a top convenience store chain in the U.S., reported financial results for its fourth quarter and fiscal year ended April 30, 2025. The company demonstrated a stable condition with significant gains in various metrics, including net income and EBITDA.

For Q4, Casey’s recorded diluted earnings per share (EPS) of $2.63, reflecting a 12.4% rise compared to the previous year. Net income reached $98.3 million, marking a 13% increase. The company’s EBITDA for the quarter was $263 million, a 20.1% increase year-over-year.

Total inside sales surged to over $1.4 billion, up 12.4% compared to the same period last year. This growth was driven by a 1.7% increase in inside same-store sales, which corresponds to a 7.4% increase on a two-year stack basis. Inside gross profit rose by 12.5% to $582 million, with an inside margin of 41.2%.

In terms of fuel sales, the same-store gallons sold increased by 0.1%, achieving a fuel margin of 37.6 cents per gallon. Total fuel gross profit saw a notable 21.4% climb, hitting $307.8 million.

Operating expenses for the quarter increased by 14.5% to $663 million, influenced by the operation of 246 additional stores. Same-store operating expenses, excluding credit card fees, rose by 1.9%. The net interest expense for the quarter was $27.9 million, $13.4 million higher than last year, mainly due to financing linked to the Fikes acquisition.

Casey’s balance sheet remained robust with $1.2 billion in available liquidity, which includes around $327 million in cash. The debt-to-EBITDA ratio was at 1.9x. For the full fiscal year, Casey’s achieved a record diluted EPS of $14.64, up 9% year-over-year, with net income at $546.5 million, increasing by 8.9%. EBITDA totaled $1.2 billion, a 13.3% rise from the previous year.

Looking forward to fiscal year 2026, the company anticipates EBITDA growth between 10% and 12%. Inside same-store sales are expected to increase between 2% and 5%, while total operating expenses might rise approximately 8% to 10%. Moreover, Casey’s plans to open at least 80 new stores in the coming fiscal year, further expanding its footprint. The outlook for the upcoming year remains cautious but optimistic based on previous operational efficiencies and strategic planning.