ANKENY, Iowa — Casey’s General Stores reported strong financial results for its first fiscal quarter ended July 31, 2025, with net income rising 19.5% year-over-year to $215.4 million. Adjusted EBITDA increased 19.8% to $414.3 million.
“Casey’s delivered an excellent first quarter highlighted by strong sales growth both inside and outside the store,” said Darren Rebelez, chairman, president and CEO. “Our inside same-store sales were driven by positive traffic growth due to our summer merchandising plan as well as our team’s outstanding execution, demonstrating our ability to serve our guests efficiently at a high level.”
Inside same-store sales increased 4.3% compared to the prior year and 6.7% on a two-year basis, with an inside margin of 41.9%. Total inside gross profit rose 14.8% to $705.5 million. Same-store operating expenses excluding credit card fees were up 3.0%, aided by a 1% reduction in same-store labor hours.
Fuel performance was also strong, with same-store fuel gallons up 1.7% compared to the same period last year and a fuel margin of 41.0 cents per gallon. Total fuel gross profit climbed 18.8% to $373.6 million.
Casey’s said its previously disclosed fiscal 2026 outlook remains unchanged.
In addition to its financial performance, Casey’s expanded its brand presence this summer when the former Wells Fargo Arena in Des Moines, Iowa, was renamed the Casey’s Center. The company secured a 10-year naming rights agreement for the venue, effective July 1.
