3 Big Numbers: The many faces of c-store growth
3 Big Numbers is a weekly column that looks at a few key details from around the c-store industry.
Growth has been a hot topic for the convenience industry in 2025. From new stores and M&A to expanded technology and loyalty programs, c-store retailers are taking steps to expand their markets. Some companies are trying to make big moves — we're looking at you, Alimentation Couche-Tard — while others are moving more quietly and methodically.
In this week's '3 Big Numbers,' we look at expansion plans from Casey's General Stores and Minuteman Food Mart as well as Sunoco's possible acquisition of Parkland Corp.
The number of stores Casey's expects to add in fiscal 2026.
As part of its fourth quarter and full year earnings announcement this week, Casey's disclosed that it had opened or acquired a record 270 stores in the past 12 months and expects to open about 80 during the upcoming fiscal year.
After the massive acquisition of CEFCO Convenience Stores' 198 sites in fiscal 2025, it seems that Casey's is looking to scale back this year, with an emphasis on building its own stores.
'We can lean heavier on the organic side, because we have a pretty developed land bank that gives us that optionality either way,' Casey's President and CEO Darren Rebelez said during the earnings call.
Sure, after 270 locations in one year, 80 might seem like small potatoes. But it's worth remembering that if those stores were their own banner instead of part of Casey's, they would be one of the 100 largest c-store chains in the U.S.
The number of months between Sunoco's first bid and final deal for Parkland.
While many eyes were on the will-they-won't-they saga between Couche-Tard and 7-Eleven's parent company, Seven & i, a different courtship was going on in the background.
Sunoco, best known as a major fuel brand in the U.S., announced last month that it had reached a $9.1 billion deal to acquire Parkland Corp., including more than 640 retail sites. A final decision will come on June 24, when Parkland shareholders vote.
It turns out Sunoco has been seeking this acquisition for quite a while, according to a recent timeline released by the two companies. Sunoco first made a $38.50 per share bid for the Canadian fuel and retail company in July 2023 — a bid that Parkland turned down for undervaluing its business. Sunoco tried again later that year with an enhanced bid, but that was also nixed.
Now, nearly two years later, Sunoco may finally get what it wants. Then we'll just have to see if it sells the bulk of those c-stores, as it's done in the past.
The max number of sites Minuteman Food Mart may introduce with its new branding in the coming year.
While Casey's is aiming for 80 new stores and Sunoco may pick up over 600, not all growth that happens is at that scale.
Minuteman plans to open between five and 10 new stores in the next year. Given that it currently operates 62 locations, 10 new sites would mean an increase of over 16%. That's nothing to sneeze at.
Perhaps more interesting, the company is embracing a new logo at these sites.
Minuteman was looking for a way to encapsulate what it stood for — something that could be iconically connected to the brand, the way the swoosh is for Nike or Buc-ee the Beaver is for Buc-ee's. Brand recognition for its new stopwatch-themed icon isn't on par with those iconic logos yet, but time will tell.
Recommended Reading
Casey's to debut 80 new stores during fiscal 2026
Fehler beim Abrufen der Daten
Melden Sie sich an, um Ihr Portfolio aufzurufen.
Fehler beim Abrufen der Daten
Fehler beim Abrufen der Daten
Fehler beim Abrufen der Daten
Fehler beim Abrufen der Daten
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Business Wire
a minute ago
- Business Wire
Lighter Capital Adds ShareVault to Its Exclusive Partner Perks Program
LOS GATOS, Calif.--(BUSINESS WIRE)--ShareVault, the secure document sharing and virtual data room (VDR) platform built for high-stakes transactions, today announced a new partnership with Lighter Capital, a leading growth capital provider for early-stage tech startups. As part of the collaboration, ShareVault joins Lighter Capital's Partner Perks Program, which offers founders access to discounted tools and services valued at over $200,000. Founders shouldn't wait until they're in diligence mode to think about how they manage documents. Share Lighter Capital-backed companies can now take advantage of ShareVault's secure, intuitive platform to manage due diligence, fundraising, investor updates, and strategic partnerships. ShareVault is trusted globally by dealmakers for its speed, simplicity, and enterprise-grade security. 'We're excited to partner with Lighter Capital and support founders navigating fundraising and growth,' said Steven Monterroso, CEO of ShareVault. 'ShareVault helps teams move faster, protect sensitive data, and present a more professional, deal-ready presence to investors and buyers.' Designed for early-stage and scaling companies, the perks program gives founders access to best-in-class tools without sacrificing runway. ShareVault's inclusion empowers Lighter Capital's portfolio companies to proactively manage critical business processes that often get overlooked—until it's too late. 'Founders shouldn't wait until they're in diligence mode to think about how they manage documents,' said Tanner Kovacevich, VP of Sales. 'ShareVault makes it easier to stay organized from day one. They're a valuable addition to our perks program.' About Lighter Capital Lighter Capital is the pioneer of revenue-based financing and a leading growth partner for SaaS companies. Since 2010, the lending company has provided hundreds of millions of dollars to over 600 U.S., Canadian, and Australian tech startups. Through its funding platform, ecosystem, and Partner Perks Program, Lighter Capital helps founders accelerate growth—on their terms—without dilution or loss of control. Learn more at: About ShareVault ShareVault is a secure document sharing platform known as a Virtual Data Room (VDR) built for high-stakes transactions across all industries. Professional dealmakers trust ShareVault for M&A, capital raises, litigation, licensing, and compliance. The platform empowers teams to move faster, stay organized, and close with confidence. More than just a VDR, ShareVault is a deal enablement platform that helps companies streamline due diligence, maximize valuation, and signal to investors, buyers, and partners that they're secure, deal-ready, and easy to work with. With enterprise-grade security, intuitive workflows, and tools like AI-powered redaction, Clickwrap NDAs, and audit-grade tracking, ShareVault is changing the game for how deals get done. Learn more at:
Bloomberg
32 minutes ago
- Bloomberg
Canada Lumber Aid Inflames US Subsidy Allegations, Industry Says
The US lumber industry says new financial support pledged by Canada to domestic forestry companies risks deepening the neighbors' long-running trade dispute, and may result in yet more import taxes. Last week Prime Minister Mark Carney promised as much as C$1.2 billion ($870 million) in loan guarantees, grants and contributions for Canadian sawmills to pursue product development and market diversification — in response to what he said were unjustified US import taxes.
Yahoo
an hour ago
- Yahoo
Montreal woman is worried about husband's gambling addiction — now he owes $1.1M. Ramsey Show hosts said to do this ASAP
It's common for spouses to combine finances — but sometimes, even when you keep your money separate, one partner's bad habits can impact the other's financial future. Such is the case for Sarah from Montreal, Quebec, who called into The Ramsey Show two weeks after learning that her husband has a gambling addiction. Don't miss Thanks to Jeff Bezos, you can now become a landlord for as little as $100 — and no, you don't have to deal with tenants or fix freezers. Here's how I'm 49 years old and have nothing saved for retirement — what should I do? Don't panic. Here are 6 of the easiest ways you can catch up (and fast) Robert Kiyosaki warns of a 'Greater Depression' coming to the US — with millions of Americans going poor. But he says these 2 'easy-money' assets will bring in 'great wealth'. How to get in now Shop Top Mortgage Rates A quicker path to financial freedom Your Path to Homeownership Personalized rates in minutes Despite having been together for 11 years, Sarah only recently discovered that her husband has racked up $1.1 million in debt over the past decade. Now, she's taken over his finances and wants to help him tackle his debts. "He had like maybe $1,000 left in his bank account and everything was maxed, so he needed help," said Sarah. The problem? She has no idea where to start. A tricky financial situation Sarah has long wanted to combine her finances with her husband, but he has always pushed back on the idea. On top of dealing with a gambling addiction that he had kept a secret, his debts have also made him fall behind on his taxes. Sarah's husband likely wanted to keep his finances separate so that he didn't drag her down into his mess, but as Sarah explained to hosts George Kamel and Jade Warshaw, her husband's actions have impacted them both. For one thing, the Canadian couple had plans to buy a home in Florida when Sarah thought they were doing well financially. Sarah herself has been saving well and thought her husband was doing the same. This gambling news came as a major blow, especially since it caught her off guard. "I was, like, totally, totally shocked," Sarah shared on the show. Now, the one saving grace is that Sarah's husband earns a high income from his business, which earns an annual revenue of about $1.3 million. And while that's not all profit, Sarah says her husband earns about $100,000 a month and they pay taxes on those earnings. However, he owes over $1 million, broken down as follows: $64,000 in back taxes from 2024 $550,000 in provisional taxes for the upcoming year (a requirement in Canada for high earners) $438,000 in a mortgage line of credit, or home equity line of credit (HELOC) $125,000 in a personal line of credit Sarah said that she and her husband are in couples therapy, while the two also see their own therapists individually. For Sarah, she hopes her therapy will help her cope with what's happened, while her husband's therapy will hopefully address his gambling addiction. Meanwhile, Kamel and Warshaw had advice for Sarah. Kamel told Sarah that she should take away her husband's remaining credit card and freeze his credit so that he can't take out another loan and spend more money on gambling. Warshaw, meanwhile, gave Sarah advice on how to tackle all of her husband's debt, which starts with paying off the taxes. "Do the old ones first, and then once you've cleared those, then start doing the prep for the next year," said Warshaw. Next, Warshaw recommended tackling the personal line of credit. "Do it in order like the debt snowball — personal loans first, smallest to largest," said Warshaw. After that, Warshaw suggested paying off the HELOC. Hopefully, if Sarah's husband continues to earn a good income and they stick to this plan, the two of them can dig their way out of this financial hole. Stay in the know. Join 200,000+ readers and get the best of Moneywise sent straight to your inbox every week for free. Gambling addictions are on the rise Ever since the Supreme Court took steps to legalize sports betting, there's been an uptick in that activity, along with people seeking help with gambling addictions, according to a recent study by the University of California San Diego Qualcomm Institute and School of Medicine. The study's data found that internet searches for help with gambling addictions rose 23% on a national scale since 2018. Meanwhile, states that two million U.S. adults meet the criteria for a severe gambling addiction, while four to six million have a mild or moderate gambling addiction. Recent data from Gaming America also found that 10% of men 30 and under show signs of a gambling problem, compared to 3% of the general population. Part of the increase may be due to the growing popularity and availability of online sportsbooks, which have made it easier for people to bet on sports. But either way, a gambling addiction can be a costly problem to have. The National Council on Problem Gambling says the annual social cost of problematic gambling is an astounding $14 billion. According to the average man with a gambling addiction has anywhere from $55,000 to $90,000 of debt. Women with gambling addictions, meanwhile, have an average debt of $15,000. If you or someone you know has a gambling problem, you can click here to find resources in your state. You don't want a gambling addiction to wreck your finances, relationships or your life as a whole, so it's critical that you do what you can to get ahead of it. Meanwhile, if you're already in debt due to a gambling problem, it pays to get help dealing with the financial end of things. You may want to consider consulting a financial advisor or a debt relief company for assistance. In some extreme cases, filing for bankruptcy might also be an option. What to read next Want an extra $1,300,000 when you retire? Dave Ramsey says this 7-step plan 'works every single time' to kill debt, get rich in America — and that 'anyone' can do it Here are 5 simple ways to grow rich with real estate if you don't want to play landlord. And you can even start with as little as $10 Rich, young Americans are ditching the stormy stock market — here are the alternative assets they're banking on instead Here are 5 'must have' items that Americans (almost) always overpay for — and very quickly regret. How many are hurting you? This article provides information only and should not be construed as advice. It is provided without warranty of any kind. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
