Table of Contents Commission File Number 001-34700 CASEY'S GENERAL STORES, INC. (Exact name of registrant as specified in its charter) United States SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-K ☒ Annual Report Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 For the Fiscal Year Ended April 30, 2025 OR ☐ Transition Report Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 (State or other jurisdiction of incorporation or organization) Iowa 42-09 ...

Key Takeaways Markets rebounded in May but remain volatile amid tariff tensions and uncertain Fed rate-cut timing. EOG, SUI, UTZ and CASY all announced upcoming dividend payouts and have histories of dividend growth. Dividend stocks like EOG and CASY may appeal to investors seeking steady income during economic uncertainty.Wall Street had an impressive May as stocks recovered the majority of the losses suffered in early April, following President Donald Trump's announcement of widespread tariffs. However, ...

Casey's General Stores TodayCASYCasey's General Stores$490.20 +50.91 (+11.59%) 52-Week Range$322.78▼$508.72Dividend Yield0.41%P/E Ratio34.16Price Target$434.92Add to WatchlistCasey’s NASDAQ: CASY FQ4 results, guidance for F2026, and the market’s reaction scream that this rally is just getting started. Up more than 200% in the last four years, this stock has the potential to rise by another triple-digit percentage and continue its upward trend for an extended period. This is due to its growth, operational q ...

Casey's General Store and gas station operation still largely sits in towns of less than 20,000.gettyIn sharp contrast with a lot of the gloom enveloping much of the retail sector, Iowa-based Casey’s General Stores ended its fiscal year on a high, with fourth-quarter earnings that it would be fair to say took a hammer to analyst expectations.The convenience store chain, which through new site development and acquisitions is rapidly approaching 3,000 stores across 19 states, also saw historic expansion durin ...

Key Takeaways CASY's Q4 EPS of $2.63 beat estimates and rose 12.4% YoY, while sales grew 10.9% to $3.99 billion. Q4 inside sales rose 12.4% to $1.41 billion, driven by bakery, prepared foods and beverages. CASY expects inside same-store sales to increase 2-5% and inside margin to be 41% in FY26.Casey's General Stores, Inc. (CASY) reported solid fourth-quarter fiscal 2025 results, wherein both top and bottom lines beat the Zacks Consensus Estimate and increased year over year.The company delivered a strong ...

Financial Data and Key Metrics Changes - Fiscal year 2025 saw diluted earnings per share increase by 9% to $14.64, with net income reaching a record $547 million and EBITDA at $1.2 billion, up 13% from the previous year [8][19] - Total inside sales grew by 10.9%, with same-store sales up 2.6%, while prepared food and dispensed beverage sales increased by 10.3% [9][13] - Inside margin expanded by 50 basis points year-over-year to 41.5%, driven by effective vendor partnerships [9][10] Business Line Data and Key Metrics Changes - Total prepared food and dispensed beverage sales rose by 9.7% to $392 million, while grocery and general merchandise sales increased by 13.5% to $1.02 billion [13][14] - Same-store prepared food and beverage sales were up 1.5%, with an average margin of 57.8%, despite a 30 basis point decline from the previous year [14] - Same-store grocery and general merchandise sales increased by 1.8%, with an average margin of 34.8%, up 40 basis points year-over-year [15] Market Data and Key Metrics Changes - Fuel gross profit increased by 11%, with total fuel gallons sold up 13% and an average fuel margin of 38.7 cents per gallon [10][19] - Retail fuel sales rose by $162 million, primarily due to a 17.8% increase in total gallons sold, despite a 9% decline in average retail price [17] Company Strategy and Development Direction - The company emphasized a two-pronged approach of building and acquiring stores, achieving the largest store growth year in its history with 35 new builds and 235 units acquired [7][8] - The strategic plan focuses on accelerating food business, growing unit numbers, and enhancing operational efficiency, with a target of opening at least 80 stores in fiscal year 2026 [24][22] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in the business model's strength and durability, anticipating EBITDA growth of 10% to 12% in fiscal year 2026 [21] - The company expects same-store sales growth of 2% to 5% and operating expenses to increase by approximately 8% to 10% [21][22] Other Important Information - The effective tax rate for the quarter was 23%, compared to 22.4% in the prior year, with net interest expense rising to $27.9 million due to financing associated with acquisitions [19][18] - The company plans to allocate approximately $125 million for share repurchases in fiscal year 2026, funded entirely by operating cash flow [21][85] Q&A Session Summary Question: Fuel margins performance and synergies - Management noted that fuel margins exceeded expectations due to effective pricing management and improved procurement capabilities [31][32] Question: Same-store sales outlook for fiscal year 2026 - Management expressed comfort with the guidance range, attributing conservatism to current economic conditions and customer behavior [42][43] Question: Impact of illicit vape on sales - Management acknowledged a negative impact from illicit vape but noted strong growth in nicotine alternatives [52][53] Question: Operating expenses guidance - Management indicated that operating expenses would see mid-teen increases in the first half of fiscal year 2026, primarily due to the integration of acquired stores [60][62] Question: Share buyback strategy - Management clarified that the $125 million share buyback would be funded by operating cash flow, with no debt draw required [81][85]

Casey's General Stores (CASY) Q4 2025 Earnings Call June 10, 2025 08:30 AM ET Speaker0 Good day, and thank you for standing by. Welcome to the Q4 Fiscal Year twenty twenty five Casey's General Stores Earnings Conference Call. At this time, all participants are in a listen only mode. After the speakers' presentation, there will be a question and answer session. To ask a question during the session, you will need to press 11 on your telephone. You will then hear an automated message advising that your hand is ...

Casey's Investor Deck Use of Non-GAAP Measures This presentation includes references to "EBITDA," which we define as net income before net interest expense, depreciation and amortization, and income taxes. EBITDA is not presented in accordance with accounting principles generally accepted in the United States ("GAAP"). We believe EBITDA is useful to investors in evaluating our operating performance because securities analysts and other interested parties use such calculations as a measure of financial perfo ...

Here's our initial take on Casey's General Stores' (CASY -1.16%) financial report.Key MetricsMetricQ4 FY24Q4 FY25Changevs. ExpectationsRevenue$3.60 billion$3.99 billion11%BeatEarnings per share$2.34$2.6312%BeatInside same-store sales+5.6%+1.7%-390 bpn/aGross margin41.2%41.2%n/cn/aCasey's Uses Food Sales, M&A to Fuel GrowthConvenience store powerhouse Casey's General Stores capped off a strong fiscal 2025, reporting double-digit quarterly revenue and earnings growth that topped expectations.The company is ho ...

Financial Performance - Casey's reported a net income of $546.5 million for fiscal year 2025, an increase of 8.9% compared to the previous year, with EBITDA reaching $1.2 billion, up 13.3%[4] - Net income for the twelve months ended April 30, 2025, was $546,520 thousand, a 8.9% increase from $501,972 thousand in 2024[21] - Net income for the three months ended April 30, 2025, was $98,307,000, an increase from $87,020,000 in 2024, representing a growth of 14.7%[33] - EBITDA for the twelve months ended April 30, 2025, reached $1,200,047,000, compared to $1,059,398,000 in 2024, reflecting a year-over-year increase of 13.3%[33] - Revenue for the twelve months ended April 30, 2025, reached $15,940,899 thousand, up from $14,862,913 thousand in 2024, marking a growth of 7.2%[23] Sales and Profitability - Inside same-store sales increased by 2.6% for the fiscal year, with total inside gross profit rising 12.5% to $582.4 million[6] - Fuel gross profit increased by 21.4% to $307.8 million, with total fuel gallons sold rising 17.8% year-over-year[8] - Gross profit margin for Prepared Food & Dispensed Beverage was 58.2% for the fiscal year 2025, slightly down from 58.7% in 2024[24] - Same-store sales margin for Prepared Food & Dispensed Beverage decreased to 3.5% in fiscal year 2025 from 6.8% in fiscal year 2024[24] - Fuel gallons sold increased to 3,196,852 for the twelve months ended April 30, 2025, compared to 2,828,669 in 2024, reflecting a growth of 13.0%[23] Store Expansion and Customer Engagement - The company opened or acquired 270 stores during the fiscal year, the highest in its history, including the acquisition of Fikes Wholesale and its 198 CEFCO convenience stores[6] - Casey's Rewards membership grew to over 9 million by year-end, indicating strong customer engagement[6] Financial Position and Liquidity - The company maintained a strong balance sheet, finishing the year with a debt-to-EBITDA ratio of 1.9x[6] - Available liquidity at April 30, 2025, was approximately $1.2 billion, consisting of $327 million in cash and $900 million in undrawn borrowing capacity[12] - Total assets increased to $8,208,118 thousand as of April 30, 2025, up from $6,347,433 thousand in the previous year, representing a growth of 29.2%[19] - Cash and cash equivalents at the end of the period were $326,662 thousand, up from $206,482 thousand, indicating a 58.0% increase[21] Investments and Acquisitions - The company invested $1,239,249 thousand in acquisitions during the fiscal year 2025, compared to $330,032 thousand in 2024, representing a substantial increase of 275.5%[21] - The company has outlined potential growth opportunities and strategic plans, including the integration and financial performance of acquired stores[34] Operating Expenses and Other Financial Metrics - Operating expenses for the fourth quarter increased by 14.5%, primarily due to operating 246 additional stores compared to the prior year[9] - Interest expenses for the three months ended April 30, 2025, were $27,916,000, up from $14,494,000 in 2024, indicating an increase of 92.9%[33] - Federal and state income taxes for the twelve months ended April 30, 2025, totaled $165,929,000, compared to $154,188,000 in 2024, marking an increase of 7.6%[33] - Depreciation and amortization for the three months ended April 30, 2025, was $107,443,000, up from $92,344,000 in 2024, which is an increase of 16.4%[33] Future Outlook - The company expects EBITDA to increase by 10% to 12% in fiscal 2026, with inside same-store sales projected to rise by 2% to 5%[15] - The company emphasizes that forward-looking statements are subject to various risks and uncertainties that could cause actual results to differ materially from expectations[34] Dividends and Shareholder Returns - A quarterly dividend of $0.57 per share was announced, marking a 14% increase and the 26th consecutive annual increase[14] Investor Relations - The earnings conference call is scheduled for June 10, 2025, at 7:30 a.m. CDT, and will be accessible via the company's investor relations website[35] - Investor relations and media contacts are available for further inquiries, with specific contact details provided[36]