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    Casey's Announces Third Quarter Results

    3/11/25 4:30:00 PM ET
    $CASY
    Retail-Auto Dealers and Gas Stations
    Consumer Discretionary
    Get the next $CASY alert in real time by email

    Casey's General Stores, Inc. ("Casey's" or the "Company") (NASDAQ:CASY) one of the leading convenience store chains in the United States, today announced financial results for the three and nine months ended January 31, 2025.

    Third Quarter Key Highlights

    • Diluted EPS of $2.33, flat with the same period a year ago. Net income was $87.1 million, also flat with the prior year, and EBITDA1 was $242.4 million, up 11.4%, from the same period a year ago.
    • Inside same-store sales increased 3.7% compared to prior year, and 8.0% on a two-year stack basis, with an inside margin of 40.9%. Total inside gross profit increased 14.3% to $573.1 million compared to the prior year.
    • Same-store fuel gallons were up 1.8% compared to prior year with a fuel margin of 36.4 cents per gallon. Total fuel gross profit increased 17.4% to $302.1 million compared to the prior year.
    • Same-store operating expenses excluding credit card fees were up 3.2%, favorably impacted by a 2% reduction in same-store labor hours.

    "Casey's delivered an excellent third quarter highlighted by strong sales growth both inside and outside the store," said Darren Rebelez, Chairman, President and CEO. "Inside same-store sales were driven by the prepared food and dispensed beverage category, with hot sandwiches and bakery performing quite well. Our fuel team did a tremendous job achieving same-store gallon growth of 1.8% while maintaining a solid fuel margin. Total fuel gallons sold were up 20.4% while total inside sales rose 15.3% primarily due to unit growth, including the Fikes acquisition. The operations team's focus on serving our guests efficiently is paying off, as we reduced same-store labor hours for the eleventh consecutive quarter."

    Earnings

     

    Three Months Ended January 31,

     

    Nine Months Ended January 31,

     

    2025

     

    2024

     

    2025

     

    2024

    Net income (in thousands)

    $

    87,097

     

    $

    86,933

     

    $

    448,213

     

    $

    414,952

    Diluted earnings per share

    $

    2.33

     

    $

    2.33

     

    $

    12.01

     

    $

    11.09

    EBITDA (in thousands)

    $

    242,368

     

    $

    217,615

     

    $

    937,030

     

    $

    840,372

    For the quarter, net income and diluted EPS were approximately flat while EBITDA was up compared to the same period a year ago. EBITDA was up primarily due to higher inside and fuel gross profit, partially offset by higher operating expenses from operating 254 additional stores, as well as one-time Fikes deal and integration costs of approximately $13 million. Net income and diluted EPS were flat due to higher interest expense related to debt taken on from the Fikes transaction as well as higher depreciation from operating more stores.

    ___________________________

    1

    EBITDA is reconciled to net income below.

     

    Inside

     

    Three Months Ended January 31,

     

    Nine Months Ended January 31,

     

     

    2025

     

     

     

    2024

     

     

     

    2025

     

     

     

    2024

     

    Inside sales (in thousands)

    $

    1,400,425

     

     

    $

    1,214,959

     

     

    $

    4,342,056

     

     

    $

    3,931,619

     

    Inside same-store sales

     

    3.7

    %

     

     

    4.1

    %

     

     

    3.1

    %

     

     

    4.1

    %

    Grocery and general merchandise same-store sales

     

    3.3

    %

     

     

    2.8

    %

     

     

    2.6

    %

     

     

    3.3

    %

    Prepared food and dispensed beverage same-store sales

     

    4.7

    %

     

     

    7.5

    %

     

     

    4.4

    %

     

     

    6.2

    %

    Inside gross profit (in thousands)

    $

    573,079

     

     

    $

    501,511

     

     

    $

    1,807,052

     

     

    $

    1,611,209

     

    Inside margin

     

    40.9

    %

     

     

    41.3

    %

     

     

    41.6

    %

     

     

    41.0

    %

    Grocery and general merchandise margin

     

    34.2

    %

     

     

    33.9

    %

     

     

    35.1

    %

     

     

    34.0

    %

    Prepared food and dispensed beverage margin

     

    57.8

    %

     

     

    59.6

    %

     

     

    58.3

    %

     

     

    58.9

    %

    Total inside sales were up 15.3% for the quarter. Same-store inside sales of 3.7% were driven by strong performance in the prepared food and dispensed beverage category, including hot sandwiches and bakery as well as non-alcoholic beverages in the grocery and general merchandise category. Inside margin was down 40 basis points compared to the same quarter a year ago, driven primarily by the impact of the stores from the Fikes acquisition as well as a coffee promotion to feature new flavor profiles.

    Fuel2

     

    Three Months Ended January 31,

     

    Nine Months Ended January 31,

     

     

    2025

     

     

     

    2024

     

     

     

    2025

     

     

     

    2024

     

    Fuel gallons sold (in thousands)

     

    829,761

     

     

     

    689,251

     

     

     

    2,378,211

     

     

     

    2,133,680

     

    Same-store gallons sold

     

    1.8

    %

     

     

    (0.4

    )%

     

     

    0.3

    %

     

     

    —

    %

    Fuel gross profit (in thousands)

    $

    302,058

     

     

    $

    257,246

     

     

    $

    928,858

     

     

    $

    863,059

     

    Fuel margin (cents per gallon, excluding credit card fees)

    36.4

    ¢

    37.3

    ¢

    39.1

    ¢

    40.4

    ¢ 

    For the quarter, total fuel gallons sold increased 20.4% compared to the prior year due to the store count increase as well as same-store gallons which were up 1.8% versus the prior year. The Company's total fuel gross profit was up 17.4% versus the prior year, while the increase in gallons sold was partially offset by a decrease in fuel margin, driven primarily by the impact of the stores from the Fikes acquisition. The Company sold $2.6 million in renewable fuel credits (RINs) in the third quarter, a decrease of $0.8 million from the same quarter in the prior year.

    Operating Expenses

     

    Three Months Ended January 31,

     

    Nine Months Ended January 31,

     

     

    2025

     

     

     

    2024

     

     

     

    2025

     

     

     

    2024

     

    Operating expenses (in thousands)

    $

    670,200

     

     

    $

    568,908

     

     

    $

    1,889,353

     

     

    $

    1,709,466

     

    Credit card fees (in thousands)

    $

    61,234

     

     

    $

    51,977

     

     

    $

    187,318

     

     

    $

    175,879

     

    Same-store operating expenses excluding credit card fees

     

    3.2

    %

     

     

    2.5

    %

     

     

    1.8

    %

     

     

    2.5

    %

    Operating expenses increased approximately 18% during the third quarter. Operating 254 more stores than prior year accounted for approximately 14% of the increase, including one-time deal and integration costs of approximately $13 million from the Fikes acquisition. Same-store employee expense contributed to approximately 1% of the increase, as the increases in labor rates were partially offset by a reduction in same-store labor hours.

    ___________________________

    2

    Fuel category does not include wholesale fuel activity, which is included in Other.

     

    Expansion

     

    Store Count

    April 30, 2024

    2,658

     

    New store construction

    21

     

    Acquisitions

    228

     

    Acquisitions not opened

    (1

    )

    Prior acquisitions opened

    1

     

    Closed

    (14

    )

    January 31, 2025

    2,893

     

     

    Liquidity

    At January 31, 2025, the Company had approximately $1.3 billion in available liquidity, consisting of approximately $395 million in cash and cash equivalents on hand and approximately $900 million in available borrowing capacity on existing lines of credit.

    Share Repurchase

    During the third quarter, the Company did not repurchase any shares. The Company has approximately $295 million remaining under its existing share repurchase authorization.

    Dividend

    At its March meeting, the Board of Directors approved a quarterly dividend of $0.50 per share. The dividend is payable May 15, 2025, to shareholders of record on May 1, 2025.

    Fiscal 2025 Outlook

    Casey's is updating the 2025 outlook as follows: For fiscal year 2025, the Company now expects EBITDA to increase approximately 11%. The purchase of property and equipment is expected to be approximately $500 million.

    Casey's is not updating its outlook for the following metrics: For Casey's total fiscal 2025 year outlook the Company expects same-store inside sales to increase approximately 3% to 5% with inside margin to be comparable to the prior year. The Company expects same-store fuel gallons sold to be negative 1% to positive 1%. The Company expects total operating expenses to increase 11% to 13% for the fiscal year, including approximately $25 to $30 million in one-time deal and integration costs related to the Fikes acquisition, while same-store operating expense excluding credit card fees are expected to only increase 2% for the year. Net interest expense is expected to be approximately $90 million for the year. Depreciation and amortization is expected to be approximately $410 million. The tax rate is expected to be approximately 23% to 25% for the fiscal year. Casey's expects to add approximately 270 stores for the fiscal year.

     
     
     

    Casey's General Stores, Inc. and Subsidiaries

    Condensed Consolidated Statements of Income

    (Amounts in thousands, except share and per share amounts)

    (Unaudited) 

     

     

    Three Months Ended January 31,

     

    Nine Months Ended January 31,

     

    2025

     

    2024

     

    2025

     

    2024

    Total revenue

    $

    3,903,633

     

    $

    3,329,247

     

    $

    11,948,141

     

    $

    11,262,898

    Cost of goods sold (exclusive of depreciation and amortization, shown separately below)

     

    2,991,065

     

     

    2,542,724

     

     

    9,121,758

     

     

    8,713,060

    Operating expenses

     

    670,200

     

     

    568,908

     

     

    1,889,353

     

     

    1,709,466

    Depreciation and amortization

     

    105,203

     

     

    88,950

     

     

    296,204

     

     

    257,453

    Interest, net

     

    29,415

     

     

    14,146

     

     

    56,035

     

     

    38,947

    Income before income taxes

     

    107,750

     

     

    114,519

     

     

    584,791

     

     

    543,972

    Federal and state income taxes

     

    20,653

     

     

    27,586

     

     

    136,578

     

     

    129,020

    Net income

    $

    87,097

     

    $

    86,933

     

    $

    448,213

     

    $

    414,952

    Net income per common share

     

     

     

     

     

     

     

    Basic

    $

    2.35

     

    $

    2.34

     

    $

    12.08

     

    $

    11.15

    Diluted

    $

    2.33

     

    $

    2.33

     

    $

    12.01

     

    $

    11.09

    Basic weighted average shares

     

    37,125,570

     

     

    37,100,143

     

     

    37,112,506

     

     

    37,210,007

    Plus effect of stock compensation

     

    236,486

     

     

    235,940

     

     

    213,474

     

     

    199,531

    Diluted weighted average shares

     

    37,362,056

     

     

    37,336,083

     

     

    37,325,980

     

     

    37,409,538

     
     
     
     

    Casey's General Stores, Inc. and Subsidiaries

    Condensed Consolidated Balance Sheets

    (Dollars in thousands)

    (Unaudited) 

     

     

    January 31, 2025

     

    April 30, 2024

    Assets

     

     

     

    Current assets

     

     

     

    Cash and cash equivalents

    $

    394,815

     

    $

    206,482

    Receivables

     

    166,231

     

     

    151,793

    Inventories

     

    482,101

     

     

    428,722

    Prepaid and other current assets

     

    39,585

     

     

    25,791

    Income taxes receivable

     

    16,924

     

     

    17,066

    Total current assets

     

    1,099,656

     

     

    829,854

    Operating lease right-of-use assets, net

     

     

    420,069

     

     

    115,819

    Other assets, net of amortization

     

    118,962

     

     

    79,740

    Goodwill

     

    1,240,598

     

     

    652,663

    Property and equipment, net of accumulated depreciation of $3,062,910 at January 31, 2025 and $2,883,925 at April 30, 2024

     

    5,340,893

     

     

    4,669,357

    Total assets

    $

    8,220,178

     

    $

    6,347,433

    Liabilities and Shareholders' Equity

     

     

     

    Current liabilities

     

     

     

    Current maturities of long-term debt and finance lease obligations

    $

    243,755

     

    $

    53,181

    Accounts payable

     

    585,865

     

     

    569,527

    Accrued expenses and current portion of operating lease liabilities

     

    366,018

     

     

    330,758

    Total current liabilities

     

    1,195,638

     

     

    953,466

    Long-term debt and finance lease obligations, net of current maturities

     

    2,439,038

     

     

    1,582,758

    Deferred income taxes

     

    638,197

     

     

    596,850

    Operating lease liabilities, net of current portion

     

    437,155

     

     

    111,100

    Insurance accruals, net of current portion

     

    31,240

     

     

    30,046

    Other long-term liabilities

     

    61,594

     

     

    57,832

    Total liabilities

     

    4,802,862

     

     

    3,332,052

    Total shareholders' equity

     

    3,417,316

     

     

    3,015,381

    Total liabilities and shareholders' equity

    $

    8,220,178

     

    $

    6,347,433

     
     
     
     

    Casey's General Stores, Inc. and Subsidiaries

    Condensed Consolidated Statements of Cash Flows

    (Dollars in thousands)

    (Unaudited) 

     

     

    Nine months ended January 31,

     

     

    2025

     

     

     

    2024

     

    Cash flows from operating activities:

     

     

     

    Net income

    $

    448,213

     

     

    $

    414,952

     

    Adjustments to reconcile net income to net cash provided by operating activities:

     

     

     

    Depreciation and amortization

     

    296,204

     

     

     

    257,453

     

    Amortization of debt issuance costs

     

    1,132

     

     

     

    833

     

    Change in excess replacement cost over LIFO inventory valuation

     

    9,358

     

     

     

    7,786

     

    Share-based compensation

     

    35,489

     

     

     

    29,349

     

    Loss on disposal of assets and impairment charges

     

    8,993

     

     

     

    892

     

    Deferred income taxes

     

    51,204

     

     

     

    48,213

     

    Changes in assets and liabilities:

     

     

     

    Receivables

     

    12,067

     

     

     

    (15,146

    )

    Inventories

     

    (8,129

    )

     

     

    (33,762

    )

    Prepaid and other current assets

     

    (11,287

    )

     

     

    (7,839

    )

    Accounts payable

     

    (78,246

    )

     

     

    (93,480

    )

    Accrued expenses

     

    (5,617

    )

     

     

    (10,905

    )

    Income taxes

     

    276

     

     

     

    2,335

     

    Other, net

     

    (2,661

    )

     

     

    3,919

     

    Net cash provided by operating activities

     

    756,996

     

     

     

    604,600

     

    Cash flows from investing activities:

     

     

     

    Purchase of property and equipment

     

    (325,499

    )

     

     

    (325,726

    )

    Payments for acquisition of businesses, net of cash acquired

     

    (1,211,567

    )

     

     

    (296,809

    )

    Proceeds from sales of assets

     

    14,529

     

     

     

    20,351

     

    Net cash used in investing activities

     

    (1,522,537

    )

     

     

    (602,184

    )

    Cash flows from financing activities:

     

     

     

    Proceeds from long-term debt

     

    1,100,000

     

     

     

    —

     

    Payments of long-term debt and finance lease obligations

     

    (60,981

    )

     

     

    (48,364

    )

    Payments of debt issuance costs

     

    (5,292

    )

     

     

    —

     

    Payments of cash dividends

     

    (53,745

    )

     

     

    (46,975

    )

    Repurchase of common stock and payment of related excise taxes

     

    (734

    )

     

     

    (89,768

    )

    Tax withholdings on employee share-based awards

     

    (25,374

    )

     

     

    (18,297

    )

    Net cash provided by (used in) financing activities

     

    953,874

     

     

     

    (203,404

    )

    Net increase (decrease) in cash and cash equivalents

     

    188,333

     

     

     

    (200,988

    )

    Cash and cash equivalents at beginning of the period

     

    206,482

     

     

     

    378,869

     

    Cash and cash equivalents at end of the period

    $

    394,815

     

     

    $

    177,881

     

     
     

    SUPPLEMENTAL DISCLOSURES OF CASH FLOWS INFORMATION 

     

     

    Nine months ended January 31,

     

    2025

     

    2024

    Cash paid during the period for:

     

     

     

    Interest, net of amount capitalized

    $

    52,565

     

    $

    43,316

    Income taxes, net

     

    84,506

     

     

    72,037

    Noncash activities:

     

     

     

    Purchased property and equipment in accounts payable

     

    69,299

     

     

    82,785

    Right-of-use assets obtained in exchange for new finance lease liabilities

     

    12,590

     

     

    14,035

    Right-of-use assets obtained in exchange for new operating lease liabilities

     

    315,124

     

     

    12,613

     
     
     
     

    Summary by Category (Amounts in thousands)

     

    Three Months Ended January 31, 2025

    Prepared Food

    & Dispensed

    Beverage

     

    Grocery &

    General

    Merchandise

     

    Fuel

     

    Other

     

    Total

    Revenue

    $

    397,151

     

     

    $

    1,003,274

     

     

    $

    2,366,822

     

     

    $

    136,386

     

     

    $

    3,903,633

     

    Gross profit

    $

    229,535

     

     

    $

    343,544

     

     

    $

    302,058

     

     

    $

    37,431

     

     

    $

    912,568

     

     

     

    57.8

    %

     

     

    34.2

    %

     

     

    12.8

    %

     

     

    27.4

    %

     

     

    23.4

    %

    Fuel gallons sold

     

     

     

     

     

    829,761

     

     

     

     

     

    Three Months Ended January 31, 2024

     

     

     

     

     

     

     

     

     

    Revenue

    $

    349,411

     

     

    $

    865,548

     

     

    $

    2,051,674

     

     

    $

    62,614

     

     

    $

    3,329,247

     

    Gross profit

    $

    208,327

     

     

    $

    293,184

     

     

    $

    257,246

     

     

    $

    27,766

     

     

    $

    786,523

     

     

     

    59.6

    %

     

     

    33.9

    %

     

     

    12.5

    %

     

     

    44.3

    %

     

     

    23.6

    %

    Fuel gallons sold

     

     

     

     

     

    689,251

     

     

     

     

     

     

    Summary by Category (Amounts in thousands)

     

    Nine Months Ended January 31, 2025

    Prepared Food

    & Dispensed

    Beverage

     

    Grocery &

    General

    Merchandise

     

    Fuel

     

    Other

     

    Total

    Revenue

    $

    1,220,107

     

     

    $

    3,121,949

     

     

    $

    7,337,096

     

     

    $

    268,989

     

     

    $

    11,948,141

     

    Gross profit

    $

    711,034

     

     

    $

    1,096,018

     

     

    $

    928,858

     

     

    $

    90,473

     

     

    $

    2,826,383

     

     

     

    58.3

    %

     

     

    35.1

    %

     

     

    12.7

    %

     

     

    33.6

    %

     

     

    23.7

    %

    Fuel gallons sold

     

     

     

     

     

    2,378,211

     

     

     

     

     

    Nine Months Ended January 31, 2024

     

     

     

     

     

     

     

     

     

    Revenue

    $

    1,104,705

     

     

    $

    2,826,914

     

     

    $

    7,125,485

     

     

    $

    205,794

     

     

    $

    11,262,898

     

    Gross profit

    $

    650,852

     

     

    $

    960,357

     

     

    $

    863,059

     

     

    $

    75,570

     

     

    $

    2,549,838

     

     

     

    58.9

    %

     

     

    34.0

    %

     

     

    12.1

    %

     

     

    36.7

    %

     

     

    22.6

    %

    Fuel gallons sold

     

     

     

     

     

    2,133,680

     

     

     

     

     

     
     

    Prepared Food & Dispensed Beverage

     

    Prepared Food & Dispensed Beverage

    Same-store Sales

    Margin

     

    Q1

     

    Q2

     

    Q3

     

    Q4

     

    Fiscal

    Year

     

    Q1

     

    Q2

     

    Q3

     

    Q4

     

    Fiscal

    Year

    F2025

    4.4%

     

    5.2%

     

    4.7%

     

     

     

     

    F2025

    58.3%

     

    58.7%

     

    57.8%

     

     

     

     

    F2024

    5.9

     

    6.1

     

    7.5

     

    8.8%

     

    6.8%

    F2024

    58.2

     

    59.0

     

    59.6

     

    58.1%

     

    58.7%

    F2023

    8.4

     

    10.5

     

    5.0

     

    4.9

     

    7.1

    F2023

    55.6

     

    56.7

     

    57.3

     

    56.8

     

    56.6

     

     

     

     

     

     

     

     

     

     

     

     

     

     

     

     

     

     

     

     

     

     

    Grocery & General Merchandise

     

    Grocery & General Merchandise

    Same-store Sales

    Margin

     

    Q1

     

    Q2

     

    Q3

     

    Q4

     

    Fiscal

    Year

     

    Q1

     

    Q2

     

    Q3

     

    Q4

     

    Fiscal

    Year

    F2025

    1.6%

     

    3.6%

     

    3.3%

     

     

     

     

    F2025

    35.4%

     

    35.6%

     

    34.2%

     

     

     

     

    F2024

    5.2

     

    1.7

     

    2.8

     

    4.3%

     

    3.5%

    F2024

    34.1

     

    34.0

     

    33.9

     

    34.4%

     

    34.1%

    F2023

    5.5

     

    6.9

     

    5.8

     

    7.1

     

    6.3

    F2023

    33.9

     

    33.3

     

    34.0

     

    33.0

     

    33.6

     

     

     

     

     

     

     

     

     

     

     

     

     

     

     

     

     

     

     

     

     

     

    Fuel Gallons

     

    Fuel Margin

    Same-store Sales

    (Cents per gallon, excluding credit card fees)

     

    Q1

     

    Q2

     

    Q3

     

    Q4

     

    Fiscal

    Year

     

    Q1

     

    Q2

     

    Q3

     

    Q4

     

    Fiscal

    Year

    F2025

    0.7%

     

    (0.6)%

     

    1.8%

     

     

     

     

    F2025

    40.7¢

     

    40.2¢

     

    36.4¢

     

     

     

     

    F2024

    0.4

     

    —

     

    (0.4)

     

    0.9%

     

    0.1%

    F2024

    41.6

     

    42.3

     

    37.3

     

    36.5¢

     

    39.5¢

    F2023

    (2.3)

     

    0.3

     

    (0.5)

     

    —

     

    (0.8)

    F2023

    44.7

     

    40.5

     

    40.7

     

    34.6

     

    40.2

     
     
     

    RECONCILIATION OF NET INCOME TO EBITDA

    We define EBITDA as net income before net interest expense, income taxes, depreciation and amortization. EBITDA is not considered to be a GAAP measure, and should not be considered as a substitute for net income, cash flows from operating activities or other income or cash flow statement data. This measure has limitations as an analytical tool, and should not be considered in isolation or as a substitute for analysis of our results as reported under GAAP. We strongly encourage investors to review our financial statements and publicly filed reports in their entirety and not to rely on any single financial measure.

    We believe EBITDA is useful to investors in evaluating our operating performance because securities analysts and other interested parties use this calculation as a measure of financial performance and debt service capabilities, and it is regularly used by management for internal purposes including our capital budgeting process, evaluating acquisition targets, assessing performance, and awarding incentive compensation.

    Because non-GAAP financial measures are not standardized, EBITDA, as defined by us, may not be comparable to similarly titled measures reported by other companies. It therefore may not be possible to compare our use of this non-GAAP financial measure with those used by other companies.

    The following table contains a reconciliation of net income to EBITDA for the three and nine months ended January 31, 2025 and 2024:

    (in thousands)

    Three Months Ended January 31,

     

    Nine Months Ended January 31,

     

    2025

     

    2024

     

    2025

     

    2024

    Net income

    $

    87,097

     

    $

    86,933

     

    $

    448,213

     

    $

    414,952

    Interest, net

     

    29,415

     

     

    14,146

     

     

    56,035

     

     

    38,947

    Federal and state income taxes

     

    20,653

     

     

    27,586

     

     

    136,578

     

     

    129,020

    Depreciation and amortization

     

    105,203

     

     

    88,950

     

     

    296,204

     

     

    257,453

    EBITDA

    $

    242,368

     

    $

    217,615

     

    $

    937,030

     

    $

    840,372

    NOTES:

    • Gross Profit is defined as revenue less cost of goods sold (exclusive of depreciation and amortization)
    • Inside is defined as the combination of grocery and general merchandise and prepared food and dispensed beverage

    This release contains statements that may constitute forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995, including those related to the potential impact the Fikes transaction, expectations for future periods, possible or assumed future results of operations, financial conditions, liquidity and related sources or needs, business and/or integration strategies, plans and synergies, supply chain, growth opportunities, and performance at our stores. There are a number of known and unknown risks, uncertainties, and other factors that may cause our actual results to differ materially from any results expressed or implied by these forward-looking statements, including but not limited to the execution of our strategic plan, the integration and financial performance of acquired stores, wholesale fuel, inventory and ingredient costs, distribution challenges and disruptions, the impact and duration of the conflict in Ukraine or other geopolitical disruptions, as well as other risks, uncertainties and factors which are described in the Company's most recent annual report on Form 10-K and quarterly reports on Form 10-Q, as filed with the Securities and Exchange Commission and available on our website. Any forward-looking statements contained in this release represent our current views as of the date of this release with respect to future events, and Casey's disclaims any intention or obligation to update or revise any forward-looking statements in the release whether as a result of new information, future events, or otherwise.

    Corporate information is available at this website: https://www.caseys.com. Earnings will be reported during a conference call on March 12, 2025. The call will be broadcast live over the Internet at 7:30 a.m. CDT. To access the call, go to the Events and Presentations section of our website at https://investor.caseys.com/events-presentations. No access code is required. A webcast replay of the call will remain available in an archived format on the Events and Presentations section of our website at https://investor.caseys.com/events-presentations for one year after the call.

    CASY-IR

    View source version on businesswire.com: https://www.businesswire.com/news/home/20250311631674/en/

    Investor Relations:

    Brian Johnson (515) 446-6587

    Media Relations:

    Katie Petru (515) 446-6772

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