In a landscape where consumers are increasingly turning to convenience and quick-service retail, Casey’s General Stores, Inc. CASY is riding a wave of growth that reflects broader trends in the industry. As the company prepares to announce its latest quarterly earnings, investors are keenly watching to see how this expansion translates into dividends and overall financial performance.Casey’s will release earnings results for the first quarter after the closing bell on Monday, Sept. 8.Analysts expect the com ...

CHONGQING, CHINA - SEPTEMBER 4: In this photo illustration, a smartphone shows the logo of Casey's General Stores Inc. (NASDAQ: CASY), a U.S. convenience store chain operator, with the company's latest stock market chart seen in the background on September 4, 2025 in Chongqing, China. (Photo illustration by Cheng Xin/Getty Images)Getty ImagesCasey’s General Stores (NASDAQ: CASY), a gas station and convenience store chain, is scheduled to disclose its fiscal first-quarter earnings (April year) on Monday, Sep ...

Core Insights - Talking Rain Beverage Company has launched a new product, Sparkling Ice Caffeine Cherry Cola, which features 70mg of caffeine and is marketed as a zero-sugar refreshment [1][5] - The product will be exclusively available at Casey's convenience stores, which is the third largest convenience store chain in the U.S. with over 2,900 locations [2][8] - Casey's Rewards Members can purchase two Sparkling Ice drinks for $3 throughout September, and starting in October, they can enjoy a slice of pizza with the new drink for $4 [2] Company Overview - Talking Rain is a family-owned company based in Preston, Washington, known for its Sparkling Ice brand, which is the number one sparkling water brand in the U.S. [6] - The company focuses on creating full-flavored, better-for-you beverages enriched with vitamins and antioxidants [6] Industry Trends - The caffeinated sparkling water category is experiencing significant growth, with market research predicting sales to reach $600 million by 2027 [5] - The launch of Sparkling Ice Caffeine Cherry Cola taps into ongoing consumer interest in nostalgic flavors and healthier beverage options [5][3]

Corporate Leadership and Performance - The shift towards gender-diverse leadership is transforming corporate cultures and enhancing business performance across various sectors, including technology and healthcare [2][4] - Women-led firms are setting new benchmarks for strategic growth and operational excellence, often outperforming their industry peers [2][4] Case Studies of Women-Led Companies - American Water Works' Cheryl Norton has advanced infrastructure resilience and innovation, earning multiple leadership awards [3] - Apple's Deirdre O'Brien has significantly shaped the company's global retail presence and internal culture, overseeing flagship store expansions and community engagement programs [3] Financial Market Recognition - ESG-focused funds are increasingly prioritizing companies with women in executive roles, recognizing the value of gender-diverse leadership [4] - Women entrepreneurs own 42% of U.S. businesses, employing 9.4 million workers and generating $1.9 trillion in annual revenues [4] Funding Challenges for Women Entrepreneurs - Women-led startups receive only about 2% of venture capital funding in the U.S. and Europe, partly due to biases in the investment community [5] - Women entrepreneurs are less likely to seek financing, with only 25% pursuing loans compared to 33% of male business owners [5] Investment Opportunities in Women-Led Companies - Companies like Newmont Corporation, Ralph Lauren Corporation, Automatic Data Processing, Inc., and Casey's General Stores exemplify strong leadership and strategic vision, making them attractive investment opportunities [6] - Newmont's recent performance includes adjusted earnings per share of $1.43 and revenue of approximately $5.32 billion, with a record $1.7 billion in quarterly free cash flow [9][10] - Ralph Lauren reported a 14% year-over-year revenue increase, with an 8% uptick in North America, indicating growth potential under new leadership [13][14] - Automatic Data Processing achieved 7% revenue growth and 9% adjusted EPS growth in fiscal 2025, supported by a people-centric strategy [15][17] - Casey's reported $15.9 billion in revenues and $546.5 million in net income for fiscal 2025, reflecting strong operational execution [19][20]

Group 1 - Potbelly (PBPB) is a strong performer in the Retail-Wholesale sector, with a year-to-date return of 33.8%, significantly outperforming the sector average of 6.2% [4] - The Zacks Rank for Potbelly is 2 (Buy), indicating positive analyst sentiment and a favorable earnings outlook, with a 13% increase in the consensus estimate for full-year earnings over the past quarter [3] - Potbelly belongs to the Retail - Restaurants industry, which has seen a decline of about 4.1% year-to-date, further highlighting Potbelly's strong performance relative to its industry [5] Group 2 - Casey's General Stores (CASY) is another Retail-Wholesale stock that has outperformed the sector, with a year-to-date return of 30.2% [4] - The Retail - Convenience Stores industry, to which Casey's belongs, has a year-to-date increase of 8.2%, ranking 100 in the Zacks Industry Rank [6] - Both Potbelly and Casey's General Stores are recommended for investors interested in Retail-Wholesale stocks due to their solid performance [6]

Once an activist target, Casey’s General Stores has become a stock picker’s favorite after a turnaround that improved operations, cut costs and delivered steady sales growth in a tough retail landscape https://t.co/HOXdWSWasc ...

Core Viewpoint - Casey's General Stores (CASY) has seen a 4.5% increase in share price over the past month, outperforming the S&P 500, but there are concerns about whether this positive trend will continue leading up to the next earnings release [1] Group 1: Earnings Report and Market Reaction - The last earnings report for Casey's was about a month ago, and since then, the stock has performed well [1] - Recent estimates for the stock have trended downward over the past month, indicating potential concerns among analysts [2] Group 2: VGM Scores and Investment Strategy - Casey's currently holds a Growth Score of A, a Momentum Score of B, and a Value Score of C, placing it in the middle 20% for the value investment strategy [3] - The aggregate VGM Score for the stock is A, which is significant for investors not focused on a single strategy [3] Group 3: Outlook and Future Expectations - The downward trend in estimates suggests a cautious outlook, but the magnitude of these revisions appears promising [4] - Casey's holds a Zacks Rank of 3 (Hold), indicating expectations for an in-line return from the stock in the coming months [4]

Group 1: Market Overview - As of July 1, 2025, two stocks in the consumer staples sector are signaling potential warnings for momentum-focused investors [1] - The Relative Strength Index (RSI) is a key momentum indicator, with values above 70 indicating that a stock may be overbought [2] Group 2: Company Performance - Caseys General Stores Inc reported better-than-expected fourth-quarter financial results, with same-store sales up 2.6% and fuel gross profit increasing by 10.7% year-over-year [6] - The stock of Caseys General Stores has seen a 16% increase over the past month, reaching a 52-week high of $514.32, with an RSI value of 70.4 [6] - Estee Lauder Companies Inc also experienced a stock gain of around 21% over the past month, with a 52-week high of $108.37 and an RSI value of 74.4 [6]

Part I [Business](index=4&type=section&id=ITEM%201.%20Business) The company operates 2,904 convenience stores focused on prepared foods and fuel, recently expanding through the major acquisition of Fikes Wholesale - As of April 30, 2025, the Company operates **2,904 convenience stores** across 20 states, with approximately **71% located in areas with populations under 20,000**[13](index=13&type=chunk)[14](index=14&type=chunk) - On November 1, 2024, Casey's acquired Fikes Wholesale, adding **198 stores**, including its first locations in Alabama, Florida, and Mississippi, and its first fuel terminal in Waco, Texas[13](index=13&type=chunk) - Prepared food and grocery/general merchandise items, while representing about **34% of total revenue** over the last three fiscal years, have generated approximately **63% of the revenue less cost of goods sold**[28](index=28&type=chunk) - The Casey's Rewards loyalty program has grown to over **9 million members**, allowing customers to earn points for fuel discounts, Casey's Cash, or donations to local schools[31](index=31&type=chunk) - As of April 30, 2025, the company employed **23,338 full-time and 25,934 part-time team members**[42](index=42&type=chunk) Retail Fuel Operations Summary (FY2023-FY2025) | Fiscal Year | Gallons Sold (thousands) | Total Retail Fuel Revenue ($ thousands) | % of Total Revenue | Avg. Cents Per Gallon Margin | | :--- | :--- | :--- | :--- | :--- | | **2025** | 3,196,852 | $9,776,033 | 61.3% | 38.68¢ | | **2024** | 2,828,669 | $9,402,071 | 63.3% | 39.48¢ | | **2023** | 2,672,366 | $10,027,310 | 66.4% | 40.22¢ | [Risk Factors](index=9&type=section&id=ITEM%201A.%20Risk%20Factors) The company faces significant operational, regulatory, industry, and strategic risks, including cybersecurity, supply chain, and competition - A **cyber or data security incident** could lead to significant financial loss, litigation, and reputational damage[59](index=59&type=chunk)[60](index=60&type=chunk) - The business is exposed to **commodity price fluctuations**, particularly for cheese and proteins, which could adversely affect profitability[62](index=62&type=chunk) - Difficulties in **recruiting and retaining qualified team members**, especially drivers and hourly store staff, could materially impact operations[66](index=66&type=chunk)[67](index=67&type=chunk) - The **volatility of wholesale petroleum costs** significantly affects operating results, as fuel sales accounted for approximately 64% of total revenue[92](index=92&type=chunk) - The convenience store industry is **highly competitive**, with pressure from other convenience chains, supermarkets, and fast-food outlets[93](index=93&type=chunk) - The growth strategy faces risks related to **identifying and integrating acquisitions**, including potential difficulties with financing and operational systems[95](index=95&type=chunk) [Unresolved Staff Comments](index=16&type=section&id=ITEM%201B.%20Unresolved%20Staff%20Comments) The company reports that there are no unresolved staff comments - Not applicable[103](index=103&type=chunk) [Cybersecurity](index=16&type=section&id=ITEM%201C.%20Cybersecurity) The company maintains a comprehensive cybersecurity program overseen by the Board's Audit Committee and has had no material incidents to date - The Board's **Audit Committee provides oversight of cybersecurity risk**, with regular updates from the CIO and CISO[104](index=104&type=chunk) - The company's information security program is based on recognized frameworks like the **NIST CSF and PCI DSS**[105](index=105&type=chunk) - A formal **Cybersecurity Incident Response Plan** and a cross-functional team are in place to manage potential security events[107](index=107&type=chunk) - To date, **no cybersecurity incidents have resulted in a material adverse effect** on the company's business, financial condition, or operations[108](index=108&type=chunk) [Properties](index=17&type=section&id=ITEM%202.%20Properties) The company owns the majority of its real estate, including its corporate headquarters, distribution centers, and most of its store locations - The company **owns its corporate headquarters, three distribution centers, and a fuel terminal**[109](index=109&type=chunk) - As of April 30, 2025, the company **leased the land and/or building for 245** of its store locations, with the remainder being owned[110](index=110&type=chunk) [Legal Proceedings](index=17&type=section&id=ITEM%203.%20Legal%20Proceedings) Information regarding legal proceedings is incorporated by reference from the financial statement notes - The required information is **incorporated by reference from Note 10** to the Consolidated Financial Statements[111](index=111&type=chunk) [Mine Safety Disclosures](index=17&type=section&id=ITEM%204.%20Mine%20Safety%20Disclosures) The company reports that this item is not applicable - Not applicable[112](index=112&type=chunk) Part II [Market for Registrant's Common Equity, Related Stockholder Matters, and Issuer Purchases of Equity Securities](index=18&type=section&id=ITEM%205.%20Market%20for%20Registrant's%20Common%20Equity%2C%20Related%20Stockholder%20Matters%2C%20and%20Issuer%20Purchases%20of%20Equity%20Securities) Casey's common stock (NASDAQ: CASY) features a growing dividend and an active share repurchase program - The company's common stock trades on the Nasdaq Global Select Market under the symbol **CASY**[114](index=114&type=chunk) - **Dividends declared in fiscal 2025 totaled $2.00 per share**, up from $1.72 per share in fiscal 2024[116](index=116&type=chunk) - As of April 30, 2025, **$295.1 million remained available** under the company's $400 million share repurchase program[119](index=119&type=chunk) - **No shares of common stock were repurchased** during the fourth quarter ended April 30, 2025[118](index=118&type=chunk) [[Reserved]](index=19&type=section&id=ITEM%206.%20%5BReserved%5D) This item is not applicable - Not applicable[120](index=120&type=chunk) [Management's Discussion and Analysis of Financial Condition and Results of Operations](index=19&type=section&id=ITEM%207.%20Management's%20Discussion%20and%20Analysis%20of%20Financial%20Condition%20and%20Results%20of%20Operations) Fiscal 2025 revenue and net income grew significantly, driven by the Fikes acquisition, despite higher operating expenses and increased debt - **Store count grew by a net 246 stores** in fiscal 2025, from 2,658 to 2,904, primarily through acquisitions and new constructions[126](index=126&type=chunk) - **Operating expenses increased by 11.5% ($263.8M)**, with approximately 10% of the increase due to operating more stores and acquisition costs[135](index=135&type=chunk) - **Net cash provided by operating activities increased by $197.9M** to $1.09 billion in FY2025, driven by improved profitability[160](index=160&type=chunk) - The company used proceeds from **$1.1 billion in new long-term debt** to partially fund the Fikes acquisition[162](index=162&type=chunk) Fiscal 2025 vs. Fiscal 2024 Performance | Metric | Fiscal 2025 | Fiscal 2024 | Change | | :--- | :--- | :--- | :--- | | Total Revenue | $15,940.9M | $14,862.9M | +7.3% | | Net Income | $546.5M | $502.0M | +8.9% | | Diluted EPS | $14.64 | $13.43 | +9.0% | | EBITDA (Non-GAAP) | $1,200.0M | $1,059.4M | +13.3% | FY2025 Same-Store Sales Growth | Category | Same-Store Sales Growth | | :--- | :--- | | Prepared food and dispensed beverage | +3.5% | | Grocery and general merchandise | +2.3% | | Fuel gallons sold | +0.1% | [Quantitative and Qualitative Disclosures about Market Risk](index=28&type=section&id=ITEM%207A.%20Quantitative%20and%20Qualitative%20Disclosures%20about%20Market%20Risk) The company's primary market risks are interest rate fluctuations on its variable-rate debt and volatility in fuel prices - The primary market risk exposure is from **interest rate changes on floating-rate long-term debt**[180](index=180&type=chunk) - A **100-basis-point (1%) increase in interest rates** would result in an approximate **$10.2 million annualized increase in interest expense**[180](index=180&type=chunk) - The company uses **futures contracts to economically hedge price risk** on bulk fuel stored in terminals and pipelines[181](index=181&type=chunk) [Financial Statements and Supplementary Data](index=29&type=section&id=ITEM%208.%20Financial%20Statements%20and%20Supplementary%20Data) The audited financial statements reflect significant growth due to the Fikes acquisition, with an unqualified audit opinion from KPMG LLP - The independent auditor, KPMG LLP, issued an **unqualified opinion** on the consolidated financial statements and internal controls[184](index=184&type=chunk)[201](index=201&type=chunk) - Critical audit matters identified were the **valuation of merchandise inventory** and the **fair value of real property acquired** in the Fikes business combination[189](index=189&type=chunk)[194](index=194&type=chunk) - The **Fikes acquisition on Nov 1, 2024, for a purchase price of $1.17 billion**, resulted in the recognition of **$577.7 million in goodwill**[241](index=241&type=chunk)[242](index=242&type=chunk)[243](index=243&type=chunk) - The company operates as a **single reportable segment**, with the CODM assessing performance based on consolidated profitability metrics[297](index=297&type=chunk)[298](index=298&type=chunk) Consolidated Balance Sheet Highlights (as of April 30) | Account | 2025 ($ thousands) | 2024 ($ thousands) | | :--- | :--- | :--- | | Total Current Assets | $1,012,853 | $829,854 | | Net Property and Equipment | $5,413,244 | $4,669,357 | | Goodwill | $1,244,893 | $652,663 | | **Total Assets** | **$8,208,118** | **$6,347,433** | | Total Current Liabilities | $1,101,693 | $953,466 | | Long-Term Debt & Leases | $2,413,620 | $1,582,758 | | **Total Liabilities** | **$4,699,448** | **$3,332,052** | | **Total Shareholders' Equity** | **$3,508,670** | **$3,015,381** | [Changes in and Disagreements with Accountants on Accounting and Financial Disclosure](index=52&type=section&id=ITEM%209.%20Changes%20in%20and%20Disagreements%20with%20Accountants%20on%20Accounting%20and%20Financial%20Disclosure) The company reports no changes in or disagreements with its accountants on accounting and financial disclosure - None[301](index=301&type=chunk) [Controls and Procedures](index=52&type=section&id=ITEM%209A.%20Controls%20and%20Procedures) Management concluded that disclosure controls and internal controls were effective, excluding the recently acquired Fikes business from the assessment - The CEO and CFO concluded that **disclosure controls and procedures were effective** as of April 30, 2025[302](index=302&type=chunk) - Management's report on internal control over financial reporting concluded that **controls were effective** as of April 30, 2025[307](index=307&type=chunk) - The assessment of internal controls **excluded the Fikes acquisition**, which is permitted by the SEC for recent business combinations[306](index=306&type=chunk) [Other Information](index=52&type=section&id=ITEM%209B.%20Other%20Information) The company reports that this item is not applicable - Not applicable[309](index=309&type=chunk) [Disclosure Regarding Foreign Jurisdictions that Prevent Inspections](index=52&type=section&id=ITEM%209C.%20Disclosure%20Regarding%20Foreign%20Jurisdictions%20that%20Prevent%20Inspections) The company reports that this item is not applicable - Not applicable[310](index=310&type=chunk) Part III [Directors, Executive Officers, and Corporate Governance](index=53&type=section&id=ITEM%2010.%20Directors%2C%20Executive%20Officers%2C%20and%20Corporate%20Governance) Information on directors, officers, and governance, including the Code of Ethics, is incorporated by reference from the Proxy Statement - Detailed information regarding directors, executive officers, and corporate governance is **incorporated by reference** from the company's forthcoming Proxy Statement[312](index=312&type=chunk) - The Company has adopted a **Financial Code of Ethics** and a **Code of Conduct and Ethics**, which are available on its website[313](index=313&type=chunk) [Executive Compensation](index=53&type=section&id=ITEM%2011.%20Executive%20Compensation) Details regarding executive and director compensation are incorporated by reference from the company's forthcoming Proxy Statement - All information related to executive and director compensation is **incorporated by reference** from the company's forthcoming Proxy Statement[315](index=315&type=chunk) [Security Ownership of Certain Beneficial Owners and Management and Related Stockholder Matters](index=53&type=section&id=ITEM%2012.%20Security%20Ownership%20of%20Certain%20Beneficial%20Owners%20and%20Management%20and%20Related%20Stockholder%20Matters) Information on security ownership by major shareholders and management is incorporated by reference from the Proxy Statement - Information on security ownership and equity compensation plans is **incorporated by reference** from the company's forthcoming Proxy Statement[316](index=316&type=chunk) [Certain Relationships and Related Transactions and Director Independence](index=53&type=section&id=ITEM%2013.%20Certain%20Relationships%20and%20Related%20Transactions%20and%20Director%20Independence) Disclosures on related party transactions and director independence are incorporated by reference from the Proxy Statement - Disclosures on related transactions and director independence are **incorporated by reference** from the company's forthcoming Proxy Statement[317](index=317&type=chunk) [Principal Accountant Fees and Services](index=53&type=section&id=ITEM%2014.%20Principal%20Accountant%20Fees%20and%20Services) Details on fees paid to the principal accountant are incorporated by reference from the company's Proxy Statement - Information on principal accountant fees and services is **incorporated by reference** from the company's forthcoming Proxy Statement[318](index=318&type=chunk) Part IV [Exhibits and Financial Statement Schedules](index=54&type=section&id=ITEM%2015.%20Exhibits%20and%20Financial%20Statement%20Schedules) This section lists all financial statements and key exhibits filed, including acquisition and debt agreements - This section lists all **financial statements and exhibits** filed with the Form 10-K[321](index=321&type=chunk) - Key exhibits include the **Fikes acquisition agreement, various debt agreements, executive compensation plans, and Sarbanes-Oxley certifications**[320](index=320&type=chunk)[322](index=322&type=chunk)[323](index=323&type=chunk) [Form 10-K Summary](index=56&type=section&id=ITEM%2016.%20Form%2010-K%20Summary) The company reports that this item is not applicable - Not applicable[323](index=323&type=chunk)

Market Overview - Wall Street experienced a strong recovery in May, regaining most losses from early April due to tariff announcements by President Trump, but volatility persists as the impact of tariffs on the economy remains unclear [1][4][9] - The Federal Reserve has not indicated plans to resume rate cuts despite recent cooling inflation, contributing to market uncertainty [2][5] Economic Indicators - U.S. job growth slowed significantly in May, with nonfarm payrolls increasing by only 139,000 and private payrolls rising by just 37,000, raising concerns about the economy's health [6] Dividend-Paying Stocks - In light of ongoing market uncertainty, investing in dividend-paying stocks is recommended as they tend to be more stable and reliable during economic fluctuations [7] - Four notable dividend-paying stocks include: - **Casey's General Stores, Inc. (CASY)**: Operates 2,893 convenience stores across 17 states, with a dividend of $0.57 per share and a yield of 0.46% [8][10] - **Utz Brands, Inc. (UTZ)**: Manufactures a variety of salty snacks, declaring a dividend of $0.06 per share with a yield of 1.75% [11][12] - **Sun Communities, Inc. (SUI)**: Focuses on manufactured housing communities, announcing a dividend of $1.04 per share and a yield of 3.01% [13][14] - **EOG Resources, Inc. (EOG)**: Engaged in oil and natural gas exploration, with a dividend of $1.02 per share and a yield of 3.41% [15][16]