Casey’s General Stores has announced a significant three-year expansion plan, aiming to add at least 400 new stores through both acquisitions and new builds, as the company seeks to capitalize on its recent growth momentum and booming food business [1]. Currently operating more than 2,900 convenience stores, Casey’s positions itself as the nation’s third-largest convenience store retailer and the fifth-largest pizza chain [1]. CEO Darren Rebelez stated that the company is committed to growing its EBITDA by 8% to 10%, which he described as top-quintile growth for the S&P 500, driven by an expanded prepared foods business, increased store count, and improved operational efficiency [1].
The company’s food strategy is a central pillar of its growth, with a particular focus on made-to-order items such as wings and fries. Wings are now available in 850 stores, featuring a variety of options and sauces, and have contributed to a 20% year-over-year sales increase in Des Moines, where the product has been available for over a year [1]. Rebelez emphasized that Casey’s food business is increasingly competing with restaurants rather than other convenience stores, highlighting the company’s hybrid model that spans fuel, grocery, general merchandise, and prepared foods [1].
Casey’s is also investing in technology, including artificial intelligence, forecasting tools, and digital platforms like the Casey’s app and Casey’s Rewards, to enhance efficiency and the customer experience [1]. The company’s stock has reflected investor confidence, rising more than 53% year-over-year, and Casey’s recently joined the S&P 500 after surpassing its previous growth targets and adding over 500 stores in the last three years [1].
Looking ahead, Casey’s plans to expand into both existing and new markets, with Chief Operations Officer Ena Williams noting that the company’s disciplined approach to growth includes both new store openings and acquisitions [1].
CONCLUSION
Casey’s General Stores is aggressively pursuing growth through a 400-store expansion and a focus on innovative food offerings, supported by technology investments and a strong financial outlook. The company’s recent performance and ambitious targets have driven significant investor interest, positioning Casey’s as a leading player at the intersection of convenience retail and quick-service restaurants.