Financial research concept

Convenience Store Average Operating Income per Store

measures store-attributable operating income per mature convenience-store location under the issuer's stated cost scope.

By Lee BaileyPublished Sep 26, 2026

Research context

See what supports this page, how current it is, and where comparable or historical context is available.

Research date: Sep 26, 2026Use the dated article and cited sources for the definition, examples, and stated limitations.
Operating-model context: 17 connected conceptsPart of the reviewed Convenience Store & Fuel Retail Economics; issuer definitions remain distinct where disclosed.
Company examples: 1 reviewed companyRelationships reflect supported examples, not a normalized cross-company KPI ranking.

Store-level operating income increased about 14.1%
Operating income was about 9.6% of average retail sales
Store economics exclude central costs
Part of the Convenience Store & Fuel Retail Economics
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Convenience store average operating income per store measures store-attributable operating income per mature location under Casey's stated cost scope.

Casey's reported $566,000 of average operating income per mature store in fiscal 2026, up from $496,000 in fiscal 2025.

Store-level operating income increased about 14.1%

The increase was $70,000 per mature store.

Relative to $496,000 in fiscal 2025, that was approximately 14.1% growth.

Operating income was about 9.6% of average retail sales

Average retail sales per mature store were $5.879 million.

Dividing $566,000 by $5.879 million gives about 9.6%. This is a Grizzly Bulls unit-level ratio using Casey's store definitions, not a consolidated GAAP operating margin.

Store economics exclude central costs

Casey's excludes interest, income taxes, and company operating expenses not attributable to an individual store.

Use Convenience Store Average Retail Sales per Store for the matching sales scale and do not compare the 9.6% ratio mechanically with consolidated margins.

Primary source: Casey's General Stores 2026 Form 10-K.

Part of the Convenience Store & Fuel Retail Economics

Connects convenience-store inside sales and category contribution with retail fuel throughput, per-gallon economics, mature-store demand, unit productivity, and footprint growth.

Browse the full operating model in Company Analysis →

Where this concept fits

Mature-store demand, unit productivity, and footprintCurrent relationship
Same-store category growth shows demand within the mature base, while average sales and operating income show unit productivity and store count captures expansion of the network itself.
Average Inside Sales per StoreAverage Operating Income per StoreCurrent conceptAverage Retail Sales per Store Same-Store Grocery Sales Same-Store Prepared Food Sales Store Count
Inside sales mix and category contribution
Inside sales combine grocery and general merchandise with prepared food and dispensed beverages. Category sales and category contribution margins determine how mix shifts change the economics of the inside-store basket.
Grocery & Merchandise Margin Grocery & Merchandise Sales Inside Gross Profit Inside Margin Inside Sales Prepared Food Margin Prepared Food Sales
Fuel throughput and per-gallon economics
Retail fuel economics depend on physical gallons and contribution per gallon. Average gallons per mature store and same-store gallon growth help separate unit productivity from footprint expansion.
Average Fuel Gallons per Store Fuel Gallons Sold Fuel Margin per Gallon Same-Store Fuel Gallons

Average Fuel Gallons per Store
Average Inside Sales per Store
Average Operating Income per StoreCurrent concept
Average Retail Sales per Store
Fuel Gallons Sold
Fuel Margin per Gallon
Grocery & Merchandise Margin
Grocery & Merchandise Sales
Inside Gross Profit
Inside Margin
Inside Sales
Prepared Food Margin
Prepared Food Sales
Same-Store Fuel Gallons
Same-Store Grocery Sales
Same-Store Prepared Food Sales
Store Count

See It in Company Research

These companies are examples of how the concept is reported or discussed in public filings. Definitions can differ by issuer; these links open company research rather than a normalized metric comparison.

CASYOpen operating-model research →17 of 17 reviewed concepts in Convenience Store & Fuel Retail EconomicsMature-store demand, unit productivity, and footprint6 of 6 bridge concepts supportedContinue through this bridge:Average Inside Sales per Store Average Retail Sales per Store Same-Store Grocery Sales Same-Store Prepared Food Sales Store Count

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Compare public companies

Compare mature-store operating income growth with the store-level sales base and Casey's cost scope.

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