For its fiscal 2018, Casey’s General Stores said it would build or acquire 80 to 120 stores, replace 30 existing locations and complete 75 major remodels. After the first quarter, which ended July 31, the company had built and opened two new stores, acquired three sites, completed one replacement and remodeled 11 stores. In addition, there were 47 new stores, 27 replacement stores and 16 major remodel stores under construction, and the company had 132 sites under agreements for new-store construction and 18 acquisition stores under agreements to purchase.
"We are pleased with the gains made in accelerating new-store construction, and we will remain disciplined in evaluating acquisition opportunities," Handley said. Earlier this year, Handley said Casey’s would step up its store-count growth initiatives, counting on the opening of a new distribution center in Terre Haute, Ind., as a launch pad for more stores to the east.
Casey’s General Stores, Ankeny, Iowa, ranked No. 4 on CSP’s 2017 Top 202 list of the largest c-store chains in the United States. At the time, it owned and operated 1,931 c-stores. By the end of July, that number had grown to 1,980.