Convenience-store chain Casey’s General Stores Inc., which joined the S&P 500 on Thursday, said its inclusion underscores the company’s “strong financial performance, ratable growth and resilient operating model, which has positioned the company to provide unmatched service and quality to its guests across more than 2,900 stores.”
This is the first time Casey’s has been included in the S&P 500 since becoming a publicly traded company in 1983, the company said. The S&P 500 is a stock market index that tracks the performance of 500 of the largest publicly traded companies in the U.S.
- Casey’s is No. 3 on CSP’s 2026 Top 40 update to the 2025 Top 202 ranking of U.S. c-store chains by store count. Watch for the full 2026 Top 202 ranking in June.
“Being added to the S&P 500 marks a significant milestone that reflects the enduring strength of our business,” said Darren Rebelez, chairman, president and CEO of Ankeny, Iowa-based Casey’s. “We remain committed to disciplined growth, delivering exceptional experiences to our guests and creating long-term value for our shareholders.”
The company said that with its “restaurant-quality pizza and prepared foods, unique footprint and best-in-class rewards platform, Casey’s is a staple for millions of Americans.”
Casey’s replaced medical technology company Hologic Inc. in the S&P 500, S&P Dow Jones Indices said Monday.
Casey’s previously was an S&P MidCap 400 constituent. S&P SmallCap 600 constituent DigitalOcean Holdings Inc. replaced Casey’s General Stores in the S&P MidCap 400, and Broadstone Net Lease Inc. replaced DigitalOcean Holdings in the S&P SmallCap 600. Affiliates of Blackstone Inc. and TPG Global are acquiring Hologic in a deal that was expected to be completed on or about April 7, S&P Dow Jones Indices said.
Both Casey’s and Hologic stocks hit 52-week highs on Monday, Barron’s reported.
On Tuesday, Schaeffer’s Investment Research reported that Casey’s shares were on track for their fifth-straight gain, with a 78.9% year-over-year lead.
“The stock has rattled off three straight weekly wins after testing its 50-day moving average in early March,” Schaeffer’s said. “CASY also just wrapped up its best quarterly performance since 1991.”
In its third-quarter earnings call on March 10, Casey’s reported net income of $130.1 million for the third quarter, up 49.3% from the same period last year, for the three months ending Jan. 31.
“Casey’s achieved another successful quarter as strong sales and margin expansion drove performance,” Rebelez said during the earnings call. “Our high-quality inside offering, along with a compelling value proposition, continues to attract guests to our stores.”
In other results, earnings before interest, taxes, depreciation and amortization (EBITDA) were $308.9 million, up 27.5% from the same period a year ago.
For the quarter, net income, diluted EPS and EBITDA increased compared with the same period a year ago due to higher inside and fuel gross profit, partially offset by higher operating expenses, the company said.
As a result of the strong financial performance year to date, Casey’s expects fiscal 2026 EBITDA to increase 18% to 20%.
Ankeny, Iowa-based Casey’s has approximately 2,900 convenience stores in 20 states. It is the third-largest c-store retailer and the fifth-largest pizza chain in the United States. In fiscal 2025, Casey’s built or acquired 270 stores, a record for the company.
Members help make our journalism possible. Become a CSP member today and unlock exclusive benefits, including unlimited access to all of our content. Sign up here.