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Energy drinks are fueling Casey’s in-store sales
Yahoo Finance· 2026-03-12 08:55
Group 1 - Energy drinks have become a significant driver of sales in convenience stores, with dollar sales increasing by 10% year-over-year in 2025, surpassing $16 billion, while unit sales grew by 8% [3] - The market share of energy drinks in convenience store sales reached an all-time high of 2.4% by Q3 2025, up from 1.3% in 2019 [3] - Casey's General Stores reported that energy drinks were the "strongest contributor" to growth in nonalcoholic beverages, which is the top-performing subcategory in their grocery and general merchandise business [4][8] Group 2 - Casey's overall inside sales grew nearly 6% compared to the previous year, with prepared foods, particularly chicken wings, also showing strong performance [6] - The grocery and general merchandise same-store sales increased by 4% year-over-year in Q3, with a more than 3% improvement in the first nine months of the fiscal year [8] - Nonalcoholic beverages surged by 14% in Q3, primarily driven by the strong performance of energy drinks [8]