Casey’s General Stores, Inc. (Nasdaq: CASY), a top convenience store chain in the U.S., has completed its acquisition of Fikes Wholesale, the parent company of CEFCO Convenience Stores, as of November 1, 2024. This strategic acquisition adds 148 stores in Texas and 50 stores across Alabama, Florida, and Mississippi, bringing Casey’s total store count to approximately 2,900.
“This acquisition marks a milestone as the largest in our history,” noted Darren Rebelez, Chair, President, and CEO of Casey’s. “We’re excited to integrate the Fikes team and bring Casey’s pizza to these high-traffic locations.”
Business Update
For the second quarter ending October 31, 2024, Casey’s anticipates a fuel margin of approximately 40 cents per gallon.
About Casey’s General Stores
Casey’s is a Fortune 500 company and ranks as the third-largest U.S. convenience store chain and fifth-largest pizza chain. With a focus on freshly prepared foods, quality fuel, and friendly service, Casey’s provides a variety of food options, including pizza, donuts, and snacks, available for order online or via the mobile app.
Forward-Looking Statements
This release includes forward-looking statements under the Private Securities Litigation Reform Act of 1995, addressing topics like the transaction’s impact, business integration strategies, and other risk factors. These statements are subject to various risks, and Casey’s assumes no obligation to update these statements based on future events or new information. For more information, refer to the company’s filings with the SEC.
