Business UpdateJun 24, 2026, 09:27 AM
Casey's Investor Day Outlines 8-10% EBITDA CAGR Target
AI Summary
Casey's General Stores, Inc. hosted its 2026 Investor Day, outlining a strong track record of growth and an ambitious new three-year strategic plan. The company highlighted its "Convenience QSR" operating model, which has driven significant EBITDA growth, store expansion, and inside sales. Key achievements include being added to the S&P 500 and exceeding previous financial targets. The new plan focuses on accelerating food and beverage, growing units, enhancing operational efficiency, and delivering top-quintile EBITDA growth.
Key Highlights
- Casey's hosted its 2026 Investor Day in New York City on June 24, 2026.
- The company reported 16% EBITDA CAGR and added 504 stores over the last 3 years (FY24-FY26).
- Casey's was added to the S&P 500 in 2026, reflecting consistent and resilient success.
- New 3-year growth plan (FY27-FY29) targets 8-10% EBITDA CAGR and at least 400 new stores.
- The plan aims for approximately $2 billion in free cash flow generation over the next three years.
- A new $1 billion share repurchase authorization was announced, alongside 27 consecutive years of dividend increases.
- The company expects double-digit Return on Invested Capital (ROIC), reaching 15% in 5-6 years.
- Casey's Rewards members grew over 60% to 10+ million, driving increased engagement and sales.
Price Impact
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