Earlier this year, the famed Kum and Go brand disappeared from the world of convenience stores, even though its former owner thought that wasn't the plan. When former Kum & Go CEO Kyle Krause and his family made the deal to sell their chain to Maverik, they had been led to believe that their iconic brand name would be kept. During the talks to sell the chain, Maverik “communicated to me that they intended to run both brands,” Krause told the Des Moines Register. That was not what happened, as Maverik sp ...

Casey's General Stores (NasdaqGS:CASY) Q2 2026 Earnings Call December 10, 2025 08:30 AM ET Company ParticipantsDarren Rebelez - Chairman, President and CEOBrian Johnson - SVP of Investor Relations and Business DevelopmentSteve Bramlage - CFOChuck Cerankosky - Managing Director and PrincipalBen Wood - Vice President Equity ResearchEd Kelly - Managing Director Equity ResearchPooran Sharma - Managing Director of Equity ResearchConference Call ParticipantsRyan Bell - AnalystBobby Griffin - Managing Director and ...

Financial Data and Key Metrics Changes - Diluted EPS finished at $5.53 per share, and net income was $206 million, both representing a 14% increase from the prior year [6][14] - The company generated $410 million in EBITDA, a 17.5% increase from the prior year [6][14] - Total revenue for the quarter was $4.51 billion, an increase of $559 million, or 14.2% from the prior year [9][14] - Gross profit was $1.12 billion, an increase of $163 million, or 17% from the prior year [10][14] Business Line Data and Key Metrics Changes - Same store sales were up 3.3% for the second quarter, or 7.5% on a two-year stack basis, with an average margin of 42.4% [7] - Same store prepared food and dispensed beverage sales increased by 4.8%, or 10.3% on a two-year stack basis, with an average margin of 58.6% [7] - Same-store grocery and general merchandise sales were up 2.7%, or 6.4% on a two-year stack basis, with an average margin of 36%, an increase of approximately 40 basis points from the prior year [8] Market Data and Key Metrics Changes - Same-store gallons sold were up 0.8%, with a fuel margin of 41.6 cents per gallon [8] - The Midcontinent region saw an approximate 2% decline in fuel gallons sold, indicating continued market share growth for the company [8] Company Strategy and Development Direction - The company is focused on balancing profitability and volume, with a strong emphasis on store execution and guest engagement [21] - The strategic plan is nearing completion, with expectations to continue gaining market share and enhancing the value proposition for customers [17][18] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in the company's ability to compete effectively in a challenging environment, noting that consumer behavior is becoming more discerning [72] - The company expects a sequential deceleration in EBITDA growth in the second half of the fiscal year due to higher prior year comparisons and the integration of recent acquisitions [33] Other Important Information - The board of directors voted to maintain the quarterly dividend at $0.57 per share, with share repurchases expected to total approximately $200 million for the fiscal year [15] - The company is approximately 80% hedged for cheese prices for the next four quarters, ensuring favorable pricing stability [52] Q&A Session Summary Question: Can you talk about the sustainability of fuel performance? - Management indicated that their consistent approach to balancing profitability and volume has contributed to their success, with a focus on store traffic driving fuel sales [21][22] Question: What impact will SEFCOS stores have on margins? - Management acknowledged that SEFCOS stores currently carry lower margins but expect improvements as they are rebranded and integrated into the Casey's model [27][28] Question: What are the drivers behind the updated EBITDA guidance? - Management clarified that the strong first half results will not be replicated in the second half due to higher prior year comparisons and the integration of FICOS [33] Question: How is the company addressing competition from private convenience stores? - Management expressed confidence in their competitive positioning, highlighting their differentiated offerings and strong performance in competitive markets [66][67] Question: What is the company's strategy regarding M&A? - The company remains focused on small tuck-in acquisitions while maintaining a high bar for asset quality, with no significant changes in their M&A strategy [35][36]

Company Overview - Casey's has a total enterprise value of approximately $21 billion and operates around 2,900 convenience stores across 19 states[6] - The company processes over 800 million guest transactions annually and employs roughly 50,000 team members[6] - Approximately 2/3 of Casey's stores are located in towns with populations of 20,000 or fewer, providing a stronger market position in rural areas[8,67,68] Strategic Advantages - Casey's Rewards program boasts over 9.5 million active members, driving higher transaction values and more frequent visits[8] - The company's strategic investments in digital platforms and food offerings, coupled with a reduced reliance on tobacco sales, have resulted in higher inside gross margins[21] - Casey's private label products exceed 300 SKUs, offering better quality and lower prices than national brands, resulting in larger margins[19,43] Growth and Financial Performance - Casey's aims to deliver top quintile EBITDA growth of 8-10% through FY2026[24,27,70] - The company plans to add approximately 500 additional stores through new builds and acquisitions by FY2026[27,29] - Casey's anticipates generating approximately $1.25 billion in free cash flow through FY2026[27] Operational Efficiency - Casey's is focused on enhancing operational efficiency through store simplification, streamlined kitchen operations, and inventory optimization[53] - From FY19 to FY25, Casey's OPEX CAGR was 10.6% compared to an EBITDA CAGR of 13.4%[69] - The company's Return on Invested Capital (ROIC) improved to 11.5% in FY25, up approximately 240 bps from FY19[69]

SURREY, British Columbia, Dec. 10, 2025 (GLOBE NEWSWIRE) -- 7-Eleven Canada and Mastermind Toys are teaming up in a first-of-its-kind partnership by featuring each other’s top items for kids and families on store shelves this holiday season. Customers can now find MM on the Go products, including plushies, games, puzzles and more at their local 7-Eleven, while Mastermind shoppers can indulge in their favourite 7-Eleven candy and snacks at check out. “During the holiday season, convenience and affordability ...

Key Takeaways Markets Stayed Flat Ahead of Tomorrow's FOMC Rate CutJOLTS Data Jumped in the Delayed October ReportCasey's & Cracker Barrel Report Earnings After the CloseTuesday, December 9, 2025Market indexes kept mostly flat for the trading session today, with the blue-chip Dow sliding into the red mid-day and staying there, while the small-cap Russell 2000 looked headed for a new record all-time closing high before petering out in the final trading minutes. The Dow shed -178 points, -0.37%, the S&P 500 w ...

Core Insights - Casey's General Stores (CASY) reported $4.51 billion in revenue for the quarter ended October 2025, marking a year-over-year increase of 14.2% and an EPS of $5.53 compared to $4.85 a year ago [1] - The revenue fell short of the Zacks Consensus Estimate of $4.55 billion by -1.03%, while the EPS exceeded the consensus estimate of $4.92 by +12.4% [1] Financial Performance Metrics - The number of stores at the end of the period was 2,921, slightly above the estimated 2,920 [4] - Same-store sales for Grocery & General Merchandise increased by 2.7%, below the average estimate of 3.1% [4] - Fuel gallons sold totaled 906.65 million, lower than the estimated 919.75 million [4] - Same-store sales for Fuel gallons showed a year-over-year increase of 0.8%, surpassing the estimated 0.5% [4] - Same-store sales for Prepared Food & Dispensed Beverage rose by 4.8%, exceeding the average estimate of 4% [4] - Net Sales for Fuel reached $2.69 billion, below the estimated $2.78 billion, but represented an 11.3% increase year-over-year [4] - Net Sales for Other categories were reported at $160.36 million, significantly above the estimated $131.04 million, reflecting a year-over-year change of +148.2% [4] - Net Sales for Prepared Food & Dispensed Beverage were $467.8 million, slightly above the estimated $465.04 million, with a year-over-year change of +12% [4] - Net Sales for Grocery & General Merchandise amounted to $1.19 billion, slightly above the estimated $1.18 billion, representing a +13.4% change year-over-year [4] - Gross Profit for Prepared Food & Dispensed Beverage was $274.24 million, exceeding the average estimate of $268.88 million [4] - Gross Profit for Grocery & General Merchandise reached $429.18 million, above the estimated $417.64 million [4] Stock Performance - Casey's shares have returned +6.4% over the past month, outperforming the Zacks S&P 500 composite's +1.9% change [3] - The stock currently holds a Zacks Rank 3 (Hold), indicating potential performance in line with the broader market in the near term [3]

ANKENY, Iowa--(BUSINESS WIRE)--Casey's General Stores, Inc. ("Casey's" or the "Company") (Nasdaq: CASY) one of the leading convenience store chains in the United States, today announced financial results for the three and six months ended October 31, 2025. Second Quarter Key Highlights Diluted EPS of $5.53 up 14.0% from the same period a year ago. Net income was $206.3 million, up 14.0% from the prior year, and EBITDA1 was $410.1 million, up 17.5%, from the same period a year ago. Inside same-s. ...

This story was originally published on C-Store Dive. To receive daily news and insights, subscribe to our free daily C-Store Dive newsletter. Dive Brief: Freedom Oil, a chain of 27 convenience stores across Illinois and Florida, has sold its assets to Midwest retailer and wholesaler Mizpah Ventures, according to an announcement from advisory firm American Business Brokers & Advisors, which coordinated the transaction. Nearly all of the c-stores are located in central Illinois, with about a third of them ...

Core Viewpoint - Netflix and Casey's General Stores are recommended as strong investment options that are likely to perform well even if AI stocks experience a significant decline, which could negatively impact the broader market [2]. Group 1: Netflix - Netflix is the world's largest video streaming service with over 300 million paid memberships globally, and it plans to expand into the video podcast space in early 2026 through a partnership with Spotify [6]. - The company announced a $72 billion acquisition of Warner Bros. Discovery's TV and film studios, including HBO and HBO Max, which is expected to close in 12 to 18 months pending approvals [7]. - Netflix's revenue increased by 17% to $11.51 billion in Q3, with EPS rising by 8.7% year over year, despite some earnings being affected by a dispute with Brazilian tax authorities [10]. - The company achieved its highest quarterly "view share" ever in the U.S. and U.K., and it projects a revenue growth of 17% and EPS growth of 28% for Q4 [11]. - Netflix's stock gained 70.7% during the Great Recession, while the S&P 500 fell by 35.6% during the same period, indicating its resilience in challenging economic times [8]. Group 2: Casey's General Stores - Casey's General Stores operates 2,895 locations across 19 states, making it the third-largest convenience store chain in the U.S. [14][15]. - The company offers a unique product mix, including gasoline, freshly prepared food, and its popular made-from-scratch pizza, ranking as the fifth-largest pizza chain in the U.S. [16]. - In fiscal Q1 of 2026, Casey's revenue increased by 11% to $4.57 billion, with net income surging by 20% year over year, translating to EPS growth of 20% [18]. - The stock pays a modest dividend yielding 0.4%, which can contribute positively to long-term returns [18]. - During the Great Recession, Casey's stock declined only 11.5%, showcasing its stability compared to the S&P 500's 35.6% drop [19].