Convenience store grocery and merchandise margin measures grocery and general-merchandise revenue less related cost of goods sold as a percentage of category revenue.
Casey's reported 35.8% for fiscal 2026.
The margin reconstructs from category dollars
Grocery and merchandise revenue was $4.564 billion and revenue less cost of goods sold was $1.635 billion.
Dividing $1.635 billion by $4.564 billion gives approximately 35.8%.
Grocery generated most inside gross-profit dollars despite a lower margin
Grocery and merchandise represented about 72.0% of inside sales and about 61.1% of inside gross profit.
Prepared food carried the higher margin but a smaller sales base.
Use Convenience Store Prepared Food Margin to compare the two inside categories.
Category margin is issuer-defined
Casey's excludes depreciation and amortization from category cost of goods sold.
The 35.8% figure should not be assumed to equal a standardized retailer gross-margin definition.
Primary source: Casey's General Stores 2026 Form 10-K.
Part of the Convenience Store & Fuel Retail Economics
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 EconomicsInside sales mix and category contribution7 of 7 bridge concepts supportedContinue through this bridge:Grocery & Merchandise SalesInside Gross ProfitInside MarginInside SalesPrepared Food MarginPrepared Food Sales
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Compare grocery margin with prepared-food margin and the category's share of inside gross profit.
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