Convenience-store chain Casey's General Stores Inc. will replace medical technology company Hologic Inc. in the S&P 500 before trading opens on Thursday, S&P Dow Jones Indices said Monday.
Casey’s currently is an S&P MidCap 400 constituent.
S&P SmallCap 600 constituent DigitalOcean Holdings Inc. will replace Casey’s General Stores in the S&P MidCap 400, and Broadstone Net Lease Inc. will replace DigitalOcean Holdings in the S&P SmallCap 600.
Affiliates of Blackstone Inc. and TPG Global are acquiring Hologic in a deal expected to be completed on or about April 7, S&P Dow Jones Indices said.
- 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.
Shares of Casey’s rose 1.1% in after-hours trading, Barron’s reported late Monday, adding that the moves “are part of the index’s quarterly rebalance, and can often trigger buying and selling of the affected stocks by funds that track the benchmarks.”
Both Casey’s and Hologic stocks hit 52-week highs on Monday, Barron’s reported.
Schaeffer’s Investment Research reported, “At last check, CASY is up 0.8% to trade at $752.73, and earlier hit a new record high $757.25.” The website added that Casey’s shares are 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,” Darren Rebelez, chairman, president and CEO of Casey’s, 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.
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