Casey's General Stores Hits Record Highs In Q3 FY24 With Impressive Inside And Fuel Sales Performance
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Mar 12 2025
0mins
Source: Benzinga
Financial Performance: Casey's General Stores reported a strong third-quarter FY24, with revenue of $3.90 billion surpassing expectations, same-store sales up 3.7% year-over-year, and EBITDA increasing by 11.4%. The company also announced a quarterly dividend of $0.50 per share.
Future Outlook: The company anticipates an 11% increase in EBITDA for FY25, plans to add approximately 270 stores, and projects same-store inside sales growth of 3% to 5%, while fuel gallon sales may fluctuate between a decline of 1% to an increase of 1%.
Trade with 70% Backtested Accuracy
Stop guessing "Should I Buy CASY?" and start using high-conviction signals backed by rigorous historical data.
Sign up today to access powerful investing tools and make smarter, data-driven decisions.
Analyst Views on CASY
Wall Street analysts forecast CASY stock price to fall
10 Analyst Rating
6 Buy
4 Hold
0 Sell
Moderate Buy
Current: 809.410
Low
530.00
Averages
609.33
High
700.00
Current: 809.410
Low
530.00
Averages
609.33
High
700.00
About CASY
Casey’s General Stores, Inc. and its subsidiaries operate approximately 2,900 convenience stores in 19 states. It offers self-service fuel, a wide selection of grocery items and an array of freshly prepared food items. All convenience stores carry a selection of food items (which at most stores include freshly prepared foods, such as regular and breakfast pizza, donuts, hot breakfast items, and hot and cold sandwiches), beverages, tobacco and nicotine products, groceries, health and beauty aids, automotive products, and other non-food items. It offers a range of fuels, including E-10 gasoline, High Octane gasoline, Biodiesel, Winterized diesel, and Ethanol-free gasoline. It sells a range of tobacco products in-store, including e-cigarettes and vapor, chewing tobacco, nicotine pouches, and rolling papers and accessories. Its card services include Casey's Gift Cards, Casey's Visa Signature Card, and Casey's Business Mastercard & Casey's Business Advantage Card.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
Casey’s General Stores Expected to Announce Quarterly Dividend Increase
- Dividend Growth Continuation: Casey’s General Stores is expected to announce a quarterly dividend increase in August, continuing its 26-year streak of regular dividend growth, which underscores the company's commitment to shareholder returns and financial stability.
- Quarterly Dividend Expectations: Analysts anticipate an annual dividend of approximately $2.50 per share, translating to a quarterly dividend of about $0.6250 per share, reflecting a conservative increase of around 9.65%, yet still indicative of the company's ongoing profitability.
- Historical Dividend Performance: The per-share dividend was $0.5700 last April, marking a 14% increase, while the current dividend level indicates that the company has achieved a dividend growth rate of approximately 11.55% over the past five years, showcasing its improving profitability.
- Dividend Quality Ratings: Casey’s General Stores boasts strong dividend quality metrics, with an A+ rating for safety, an A- for growth, an F for yield, and an A+ for consistency, highlighting the company's stability in its dividend policy despite lower yield performance.
See More
Latest Wall Street Rating Updates
- Goldman Sachs Reiterates Buy on Broadcom: Goldman raised Broadcom's price target from $480 to $500, anticipating strong CapEx spending patterns from key customers, indicating that the upcoming earnings report may exceed market expectations.
- Oppenheimer Upgrades Rubrik: Oppenheimer upgraded Rubrik from Perform to Outperform with a price target of $85, based on strong checks from value-added resellers, highlighting the product's competitive strength in the market.
- UBS Upgrades Packaging Corp: UBS upgraded Packaging Corp from Neutral to Buy, expecting the $50/ton price hike to stick, which, combined with high utilization and prior capacity cuts, could add approximately $290 million in annualized EBITDA.
- Deutsche Bank Upgrades Humana: Deutsche Bank believes there is still time to buy shares of Humana, upgrading its rating to Buy, as it anticipates a new rally in managed care organizations that is just beginning.
See More
Market Dynamics and Earnings Preview Ahead
- Market Outlook: U.S. stock futures rise ahead of Nvidia's earnings report, breaking a three-day losing streak for the S&P 500, as President Trump hints at a quick end to the Iran war, leading to slight declines in oil prices and interest rates, which boosts market sentiment.
- Nvidia Earnings Anticipation: Nvidia is set to release its earnings tonight, with market expectations for a beat to drive a post-earnings rally; however, skepticism remains regarding its ability to maintain market share amidst competition from Amazon and Google’s in-house chips.
- Target's Performance Rebound: Under new CEO leadership, Target reported a quarterly earnings beat with same-store sales up 5.6%, significantly surpassing the 2.4% consensus, and raised its full-year net sales growth forecast to 4%, indicating strong growth in fashion and health products.
- UnitedHealth Stock Recovery: UnitedHealth has shown strong performance since CEO Steve Hemsley's return, with Mizuho raising its price target from $410 to $440, reflecting a 20% stock price increase over the past month, indicating market confidence in its growth trajectory.
See More
Casey's to Release Q4 and FY 2026 Results on June 9, 2026
- Earnings Release Schedule: Casey's General Stores will issue its fourth quarter and fiscal year 2026 results after market close on June 9, 2026, reflecting the company's ongoing growth in the convenience store sector.
- Conference Call Timing: The company will hold a conference call and webcast on June 10, 2026, at 7:30 AM Central Time to discuss the results in detail and engage with investors.
- Live Webcast Availability: The event will be available via live webcast on Casey's Investor Relations page, ensuring all investors can access the latest company updates in real-time.
- Company Background Information: Founded over 50 years ago, Casey's operates more than 2,900 convenience stores, making it the third-largest convenience store retailer and fifth-largest pizza chain in the U.S., providing fresh food and quality service to strengthen its market position.
See More
Sparkling Ice Partners with Casey's to Support Veterans
- Veteran Support Partnership: Sparkling Ice and Casey's have teamed up again to launch Sparkling Ice Caffeine, aimed at supporting K9s For Warriors, which provides trained service dogs to veterans suffering from PTSD and TBI, highlighting corporate social responsibility.
- Product Innovation and Market Response: The newly launched Cherry Cola and Root Beer flavors of Sparkling Ice Caffeine are being sold at Casey's stores, receiving positive consumer feedback that strengthens the emotional connection between the brand and its customers.
- Community Engagement and Volunteering: Since 2023, Talking Rain has directly supported the pairing of three veterans with service dogs through its partnership with K9s For Warriors and encouraged employee volunteerism, enhancing the company's social impact.
- Promotional Activities and Consumer Interaction: Casey's is offering a 2 for $3 deal on Sparkling Ice 16oz can products during May and June, encouraging customers to purchase and toast to the upcoming service dog Knox, further enhancing the brand's community engagement.
See More
Winmark Corporation Board Changes Announced
- Board Member Change: Lawrence A. Barbetta has announced he will not stand for re-election to Winmark's Board of Directors, adhering to the company's independent director term limits, having served since 2012 and impacting the governance structure.
- New Board Appointment: Stephanie S. Hoppe has been appointed to the Board and the Compensation and Nominating Committees, bringing over 20 years of marketing and brand leadership experience, which is expected to provide new perspectives and strategies for the company.
- Marketing Expertise: Currently serving as Vice President of Omnichannel Marketing at Casey's General Stores, Hoppe possesses deep expertise in omnichannel strategy, digital marketing, and consumer insights, which is anticipated to enhance Winmark's market competitiveness.
- Franchise Network Expansion: As of March 28, 2026, Winmark operates 1,383 franchises and has over 2,800 available territories, indicating the company's ongoing commitment to sustainability and small business development.
See More
Casey’s General Stores Expected to Announce Quarterly Dividend Increase
- Dividend Growth Continuation: Casey’s General Stores is expected to announce a quarterly dividend increase in August, continuing its 26-year streak of regular dividend growth, which underscores the company's commitment to shareholder returns and financial stability.
- Quarterly Dividend Expectations: Analysts anticipate an annual dividend of approximately $2.50 per share, translating to a quarterly dividend of about $0.6250 per share, reflecting a conservative increase of around 9.65%, yet still indicative of the company's ongoing profitability.
- Historical Dividend Performance: The per-share dividend was $0.5700 last April, marking a 14% increase, while the current dividend level indicates that the company has achieved a dividend growth rate of approximately 11.55% over the past five years, showcasing its improving profitability.
- Dividend Quality Ratings: Casey’s General Stores boasts strong dividend quality metrics, with an A+ rating for safety, an A- for growth, an F for yield, and an A+ for consistency, highlighting the company's stability in its dividend policy despite lower yield performance.
See More
Latest Wall Street Rating Updates
- Goldman Sachs Reiterates Buy on Broadcom: Goldman raised Broadcom's price target from $480 to $500, anticipating strong CapEx spending patterns from key customers, indicating that the upcoming earnings report may exceed market expectations.
- Oppenheimer Upgrades Rubrik: Oppenheimer upgraded Rubrik from Perform to Outperform with a price target of $85, based on strong checks from value-added resellers, highlighting the product's competitive strength in the market.
- UBS Upgrades Packaging Corp: UBS upgraded Packaging Corp from Neutral to Buy, expecting the $50/ton price hike to stick, which, combined with high utilization and prior capacity cuts, could add approximately $290 million in annualized EBITDA.
- Deutsche Bank Upgrades Humana: Deutsche Bank believes there is still time to buy shares of Humana, upgrading its rating to Buy, as it anticipates a new rally in managed care organizations that is just beginning.
See More
Market Dynamics and Earnings Preview Ahead
- Market Outlook: U.S. stock futures rise ahead of Nvidia's earnings report, breaking a three-day losing streak for the S&P 500, as President Trump hints at a quick end to the Iran war, leading to slight declines in oil prices and interest rates, which boosts market sentiment.
- Nvidia Earnings Anticipation: Nvidia is set to release its earnings tonight, with market expectations for a beat to drive a post-earnings rally; however, skepticism remains regarding its ability to maintain market share amidst competition from Amazon and Google’s in-house chips.
- Target's Performance Rebound: Under new CEO leadership, Target reported a quarterly earnings beat with same-store sales up 5.6%, significantly surpassing the 2.4% consensus, and raised its full-year net sales growth forecast to 4%, indicating strong growth in fashion and health products.
- UnitedHealth Stock Recovery: UnitedHealth has shown strong performance since CEO Steve Hemsley's return, with Mizuho raising its price target from $410 to $440, reflecting a 20% stock price increase over the past month, indicating market confidence in its growth trajectory.
See More
Casey's to Release Q4 and FY 2026 Results on June 9, 2026
- Earnings Release Schedule: Casey's General Stores will issue its fourth quarter and fiscal year 2026 results after market close on June 9, 2026, reflecting the company's ongoing growth in the convenience store sector.
- Conference Call Timing: The company will hold a conference call and webcast on June 10, 2026, at 7:30 AM Central Time to discuss the results in detail and engage with investors.
- Live Webcast Availability: The event will be available via live webcast on Casey's Investor Relations page, ensuring all investors can access the latest company updates in real-time.
- Company Background Information: Founded over 50 years ago, Casey's operates more than 2,900 convenience stores, making it the third-largest convenience store retailer and fifth-largest pizza chain in the U.S., providing fresh food and quality service to strengthen its market position.
See More
Sparkling Ice Partners with Casey's to Support Veterans
- Veteran Support Partnership: Sparkling Ice and Casey's have teamed up again to launch Sparkling Ice Caffeine, aimed at supporting K9s For Warriors, which provides trained service dogs to veterans suffering from PTSD and TBI, highlighting corporate social responsibility.
- Product Innovation and Market Response: The newly launched Cherry Cola and Root Beer flavors of Sparkling Ice Caffeine are being sold at Casey's stores, receiving positive consumer feedback that strengthens the emotional connection between the brand and its customers.
- Community Engagement and Volunteering: Since 2023, Talking Rain has directly supported the pairing of three veterans with service dogs through its partnership with K9s For Warriors and encouraged employee volunteerism, enhancing the company's social impact.
- Promotional Activities and Consumer Interaction: Casey's is offering a 2 for $3 deal on Sparkling Ice 16oz can products during May and June, encouraging customers to purchase and toast to the upcoming service dog Knox, further enhancing the brand's community engagement.
See More
Winmark Corporation Board Changes Announced
- Board Member Change: Lawrence A. Barbetta has announced he will not stand for re-election to Winmark's Board of Directors, adhering to the company's independent director term limits, having served since 2012 and impacting the governance structure.
- New Board Appointment: Stephanie S. Hoppe has been appointed to the Board and the Compensation and Nominating Committees, bringing over 20 years of marketing and brand leadership experience, which is expected to provide new perspectives and strategies for the company.
- Marketing Expertise: Currently serving as Vice President of Omnichannel Marketing at Casey's General Stores, Hoppe possesses deep expertise in omnichannel strategy, digital marketing, and consumer insights, which is anticipated to enhance Winmark's market competitiveness.
- Franchise Network Expansion: As of March 28, 2026, Winmark operates 1,383 franchises and has over 2,800 available territories, indicating the company's ongoing commitment to sustainability and small business development.
See More
