Casey’s General Stores Inc. has been added to the S&P 500, marking the first time the Ankeny-based convenience store chain has appeared on the index since going public in 1983.
The S&P 500 tracks the performance of many of the largest publicly traded companies in the United States. Casey’s, which trades on the Nasdaq under the ticker CASY, becomes only the second Iowa-based company on the index, joining Des Moines-based Principal Financial Group.
“Being added to the S&P 500 marks a significant milestone that reflects the enduring strength of our business,” said Darren Rebelez, president and CEO of Casey’s. “We remain committed to disciplined growth, delivering exceptional experiences to our guests and creating long-term value for our shareholders.”
Casey’s operates more than 2,900 convenience stores and is the third-largest convenience store retailer and fifth-largest pizza chain in the United States. The Fortune 500 company was founded more than 50 years ago.
The company has grown dramatically in recent years. In July 2024, Casey’s announced an agreement to acquire Fikes Wholesale, Inc., owner of CEFCO Convenience Stores, in an all-cash transaction for $1.145 billion. The acquisition brought 148 additional Casey’s stores to Texas, as well as 50 stores in the southern states of Alabama, Florida and Mississippi.
