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Casey’s General Stores plans to add 400 locations in new three-year push

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Casey's General Stores plans to add 400 locations in new three-year push

Casey’s General Stores is betting bigger on stores, food and tech as it looks to extend its growth streak.

The Ankeny, Iowa-based company recently unveiled a new three-year plan centered on expanding its prepared food business, adding new stores and using technology to run more efficiently.

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Casey’s plans to add at least 400 stores over the next three years through acquisitions and new builds. The company operates more than 2,900 convenience stores and says it is the nation’s third-largest convenience store retailer and fifth-largest pizza chain.

“We made a commitment to grow our EBITDA by 8% to 10%, which is top-quintile growth for the S&P 500,” CEO Darren Rebelez told FOX Business. “We’ll do that through growing our prepared foods business, growing our store base and running our business more efficiently.”

BELOVED CONVENIENCE STORE FOOD HELPING COLLEGE FOOTBALL FANS TACKLE EARLY KICKOFFS

Second Casey's exterior shot

Casey’s General Stores is betting on more stores, more food and more technology as the convenience chain looks to keep its growth streak going. (Casey’s)

Rebelez said Casey’s is coming off “the best three-year cycle” in company history after beating its prior targets, adding more than 500 stores and joining the S&P 500. The company’s stock is up more than 53% year-over-year.

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Food remains a key part of Casey’s growth strategy. The company, long known for its pizza, is pushing deeper into made-to-order items such as wings and fries.

Rebelez said wings are now available in 850 stores, with bone-in and boneless options, five sauces, three dry rubs and ranch made from scratch daily.

“We’re famous for our pizza, we still have a long runway for growth there with innovation and new items that we’ve introduced more recently,” he said. “But now we have the wings platform.”

YUM BRANDS SELLS PIZZA HUT FOR $2.7B, SHARPENS FOCUS ON TACO BELL AND KFC

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Casey's CEO Darren Rebelez told FOX Business the plan is built around factors the company can control.

Casey’s CEO Darren Rebelez said Casey’s is coming off “the best three-year cycle” in company history after beating its prior targets, adding more than 500 stores and joining the S&P 500. (FOX Business / Fox News)

Casey’s sees its food business as competing more with restaurants than other convenience stores.

“We really don’t look at the convenience store industry as a competitor for our prepared foods. We’re really competing with the restaurant business,” Rebelez said.

In Des Moines, where wings have been available for more than a year, sales are up roughly 20% year over year, according to the company.

Casey’s is also looking to expand “Casey’s Country” by opening stores in current and new markets.

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“Our growth strategy is expanding Casey’s Country in a disciplined way,” Ena Williams, chief operations officer at Casey’s, said in a statement. “We’ve shown that we can grow through both new stores and acquisitions.”

PAPA JOHNS SHUTS DOWN DOZENS OF LOCATIONS ACROSS 17 STATES AS FAST-FOOD COMPETITION INTENSIFIES

Casey's breakfast pizza closeup

The company, long known for its pizza, is leaning further into made-to-order offerings, including wings and fries. (Casey’s / Fox News)

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The company is additionally investing in artificial intelligence, forecasting tools and digital platforms such as the Casey’s app and Casey’s Rewards to help improve efficiency and strengthen the guest experience.

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Rebelez said investors have responded to Casey’s consistency and its hybrid position between convenience retail and quick-service restaurants.

“We sell fuel, we sell grocery and general merchandise, and we have prepared food, so we can compete in either space.”

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Cairn: Vedanta plunges 5.59 per cent on LSE amid talks to buy Cairn stake

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LONDON/MUMBAI: Shares of NRI billionaire Anil Agarwal-led Vedanta Resources on Friday plunged 5.59 per cent on the London Stock Exchange amid talk that it may acquire a majority stake in the Indian arm of Cairn Energy.

In the late afternoon session, the scrip was being traded at 20.61 pounds, down by 5.50 per cent on the LSE. Vedanta opened on a positive note, but soon swung into the red.

The broader market was also weak and the benchmark FTSE 100 was trading at 5,248.95, down 0.32 per cent in the late afternoon session.

On the other hand, Cairn Energy Plc climbed 1.41 per cent and was being quoted at 4.59 pounds on the LSE.

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In India too, Vedanta Group firm Sterlite Industries sank by over 4 per cent to close at Rs 160.70 on the Bombay Stock Exchange. Sterlite was the biggest loser in the Sensex pack today.


In contrast, Cairn Energy Plc’s Indian arm, Cairn India, surged by over 5 per cent to hit its highest-ever level of Rs 358 on the BSE. The scrip ended with a gain of 355.45, up 4.36 per cent.
Vedanta Resources Plc is in talks to acquire a majority 51 per cent stake in Cairn India for about USD 8-8.5 billion (nearly Rs 40,000 crore) and a deal may be announced on Sunday evening or Monday.Scottish explorer Cairn Energy Plc, which holds a 62.37 per cent stake in India-listed Cairn India, is seeking up to a 20 per cent premium for passing on the controlling stake, two persons in-the-know of the development said.

Agarwal “is meeting Cairn Energy Plc Chief Executive Bill Gammell in London today and the deal is likely to be announced as early as Sunday evening or on Monday,” one of them said.

The deal will be contingent on government approval, as Cairn’s three producing oil and gas assets, including the giant Rajasthan fields, and seven exploration blocks either have explicit provisions for seeking prior approval before the transfer of interest or gives pre-emption, or the right of first refusal, on any shares being sold to partners like ONGC.

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The 1-Minute Market Report, August 1, 2026 (NYSEARCA:VOO)

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My Dividend Stock Portfolio: New February Dividend Record - 100 Holdings With 12 Buys

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I spent 30 years in the institutional trenches as a trader, analyst, and portfolio manager, eventually running the equity trading desk at Northern Trust in Chicago. Those decades shaped my approach: stay disciplined, trust the data, and keep emotion out of the way. Since 2009, when I began publishing my stock selections, my portfolio has delivered solid long term results—compounding in the mid teens annually through 2025. Today I’m a private investor and investing coach, with a rules based framework that helps people build better portfolios. My work focuses on systematic thinking, behavioral awareness, and evidence over opinion. For my market outlook and model portfolio updates, visit zeninvestor.org. .

Analyst’s Disclosure: I/we have a beneficial long position in the shares of NVDA, AVGO, SNDK either through stock ownership, options, or other derivatives. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from Seeking Alpha). I have no business relationship with any company whose stock is mentioned in this article.

Seeking Alpha’s Disclosure: Past performance is no guarantee of future results. No recommendation or advice is being given as to whether any investment is suitable for a particular investor. Any views or opinions expressed above may not reflect those of Seeking Alpha as a whole. Seeking Alpha is not a licensed securities dealer, broker or US investment adviser or investment bank. Our analysts are third party authors that include both professional investors and individual investors who may not be licensed or certified by any institute or regulatory body.

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SpaceX’s First Earnings Post IPO

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OneWater Marine Inc. (ONEW) Q1 2026 Earnings Call Transcript

Get ahead of the market by subscribing to Seeking Alpha’s Wall Street Week Ahead, a preview of key events scheduled for the coming week. The newsletter keeps you informed of the biggest stories set to make headlines, including upcoming IPOs, investor days, earnings reports, and conference presentations.

Wall Street’s major market averages drifted lower on Friday despite a rally from Amazon’s strong quarterly results. Shares of Amazon (AMZN) are +13.3% after the e-commerce giant reported second-quarter revenue of $200.6B, topping analysts’ estimates of $197B, driven by strong growth in its North America business.

The coming week will see a slew of economic data releases, beginning with S&P Global manufacturing PMI data for July, ISM manufacturing PMI, and prices for July on Monday. JOLTS job openings data will be released on Tuesday, followed by S&P Global services PMI, ISM non-manufacturing PMI, and ISM non-manufacturing prices for July on Wednesday. Initial jobless claims data is due on Thursday, while nonfarm payrolls and the unemployment rate for July will be out on Friday.

SpaceX (SPCX) will report its first earnings as a public company next week. Other companies reporting during the week are AMD (AMD), Merck (MRK), Pfizer (PFE), and Eli Lilly (LLY).

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_______________________________________________________________

Earnings spotlight: Monday: Berkshire Hathaway (BRK.A) (BRK.B), Palantir (PLTR), Snap (SNAP). See the full earnings calendar.

Earnings spotlight: Tuesday: SpaceX (SPCX), AMD, Merck, Pfizer. See the full earnings calendar.

Earnings spotlight: Wednesday: Eli Lilly, Novo Nordisk (NVO), Uber (UBER). See the full earnings calendar.

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Earnings spotlight: Thursday: ConocoPhillips (COP), Airbnb (ABNB). See the full earnings calendar.

Earnings spotlight: Friday: Take-Two Interactive Software (TTWO), Oklo (OKLO). See the full earnings calendar.

Volatility watch: Sandisk (SNDK) and Amylyx Pharmaceuticals (AMLX) have seen options volatility increase over the last week. The most overbought stocks per their 14-day relative strength index

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Apple: Heads You Win, Tails You Don't Lose

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Apple: Heads You Win, Tails You Don't Lose

Apple: Heads You Win, Tails You Don't Lose

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Cairn India hits record high on BSE amid stake sale talks

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MUMBAI: Shares of Cairn India Ltd on Friday climbed over 5 per cent to hit a record high of Rs 358 on the BSE amid reports that Vedanta Resources is in talks to buy a majority stake in the subsidiary of UK-based Cairn Energy.

The scrip, which was flat for most of the session, shot up in the final hour of trade on the Bombay Stock Exchange to settle with a net gain of 4.36 per cent at Rs 355.45.

Analysts said the stock zoomed on reports that Vedanta is in talks to buy a 51 per cent stake in Cairn India from its parent firm, Cairn Energy, which holds a 62.4 per cent stake. The deal size is estimated to be between USD 8-8.5 billion.

“The deal is positive for the stock, as even the lower- end of the deal ($8 billion) will value Cairn India at USD 15.7 billion compared to the current market cap of $14.4 billion,” Elara Securities analyst Alok Deshpande said.

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“In the short term, we expect the stock to rally towards the deal valuation upon the official announcement, which is expected on August 16, according to media reports,” he added.


Cairn India’s parent company, Cairn Energy Plc, also zoomed nearly 2 per cent on the London Stock Exchange and was being quoted at 4.61 pounds in late afternoon trade.
In contrast, NRI billionaire Anil Agarwal-led Vedanta Resources Plc plunged by 5.5 per cent to 20.61 pounds on the LSE.In addition, Sterlite Industries, a Vedanta Group firm, sank by over 4 per cent to close at Rs 160.70 on the Bombay Stock Exchange. Sterlite was the biggest loser in the Sensex pack today.

“If the deal happens, it is obvious that Vedanta is planning to be a long-term investor. In that case, we feel the deal valuation is fair, considering our expectations of a reserve upside from other Rajasthan fields in some time in the future,” Deshpande said.

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Brewers Trade Craig Yoho and Blake Perkins to Guardians for Catcher Bo Naylor, Pitcher Codi Heuer This Weekend

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Craig Yoho

The Milwaukee Brewers made their latest move ahead of Major League Baseball’s trade deadline Saturday, sending reliever Craig Yoho and outfielder Blake Perkins to the Cleveland Guardians in exchange for catcher Bo Naylor and pitcher Codi Heuer.

Brewers President of Baseball Operations Matt Arnold completed the deal early Saturday morning, adding another transaction to Milwaukee’s busy stretch of trade deadline activity with just a few days remaining before the deadline closes. The trade came as something of a surprise given that catcher had not previously been viewed as a position the Brewers needed to address, with veteran Gary Sánchez having served as the team’s backup catcher for the entirety of the season and posting a strong 118 OPS+ in that role. Sánchez has been particularly effective against left-handed pitching, hitting .274 with an .878 OPS in matchups against lefties this season.

Naylor, by contrast, has struggled offensively at the major league level this season, hitting .143 with a .438 OPS and a 23 OPS+. The 26-year-old was optioned to the minor leagues earlier this season and had accumulated just 84 at-bats at the big-league level before the trade. Despite his struggles this year, Naylor carries more than 1,000 career major league at-bats and has hit 40 career home runs, giving him a more extensive track record than his current-season numbers alone would suggest.

Given Naylor’s offensive struggles relative to Sánchez’s production this season, the trade initially appears to represent a downgrade at the position on paper. According to Curt Hogg of the Milwaukee Journal Sentinel, the addition of Naylor could open the door for the Brewers to move Sánchez in a separate trade before the deadline passes, suggesting Saturday’s deal may be connected to broader roster maneuvering the front office has planned for the position rather than representing the full scope of Milwaukee’s catching plans for the stretch run.

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The trade also included the departure of Perkins, who had clearly fallen out of favor within the organization over the course of the season. Perkins lost his spot on the major league roster on multiple occasions this year amid ongoing offensive struggles at the plate. He had retained some support from Brewers manager Pat Murphy despite those struggles, but with limited offensive production, Perkins had few remaining paths to consistent big-league playing time heading into the trade.

Perkins’s inclusion in the deal allowed the Brewers to also acquire Heuer, a journeyman relief pitcher who has posted largely mediocre results in his limited major league appearances this season, carrying a 4.66 ERA at the big-league level. Heuer has spent the majority of the current season pitching at the Triple-A level, where his performance has been notably stronger, posting a 3.46 ERA in that role.

Both Naylor and Heuer are being assigned to Triple-A Nashville upon joining the Brewers organization, meaning Milwaukee effectively traded two players who had been contributing directly to its major league roster depth in exchange for two players who will begin their tenure with the organization at the Triple-A level. That structure has left some analysts characterizing the trade as somewhat puzzling when viewed in isolation, since it does not appear likely to meaningfully upgrade Milwaukee’s current major league roster on its own. The deal is widely viewed as more likely a precursor to additional moves the Brewers front office plans to make before the trade deadline closes, rather than a standalone transaction intended to directly address an immediate roster need.

Saturday’s trade extends a busy stretch of activity for Milwaukee’s front office as the deadline approaches. The Brewers had previously acquired pitchers Lance McCullers Jr. and Colton Gordon in a trade with the Houston Astros earlier in July, adding to a series of moves aimed at bolstering the team’s roster ahead of the postseason push. Milwaukee entered the weekend with a strong 67-41 record, positioning the team among the league’s contenders as the deadline approaches.

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Both Yoho and Perkins had spent time as part of Milwaukee’s major league roster depth this season, with Yoho working out of the bullpen and Perkins serving in an outfield role, before their departures as part of Saturday’s trade with Cleveland. Neither player had established themselves as a clear long-term fixture on the Brewers roster heading into the trade, a dynamic that likely factored into the front office’s willingness to include both players in the package sent to Cleveland in exchange for Naylor and Heuer.

With Milwaukee’s front office having already been active throughout the month of July and the trade deadline still several days away, additional moves from the Brewers front office remain a distinct possibility as the team continues working to reshape its roster ahead of the stretch run, particularly given the suggestion that Saturday’s acquisition of Naylor could set the stage for a separate trade involving Sánchez before the deadline period concludes.

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Arcadis NV (ARCAY) Q2 2026 Earnings Call Transcript

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OneWater Marine Inc. (ONEW) Q1 2026 Earnings Call Transcript