Summary of Casey’s General Stores, Inc.

Business Overview

• Type of Business: Convenience store operator
• Number of Stores: 2,904 stores as of April 30, 2025
• Store Brands: Primarily operate under "Casey's" and "Casey’s General Store" names. Other brands include "GoodStop (by Casey’s)", "CEFCO", "Bucky’s", and "Lone Star Food Store".
• Geographic Presence: Operates throughout 20 U.S. states, mainly in Iowa, Missouri, and Illinois. Recently expanded into Texas, Alabama, Florida, and Mississippi after acquiring Fikes Wholesale and Group Petroleum Services in November 2024.
• Target Markets: Many stores in smaller communities with populations under 20,000, providing essential convenience products not always available in these areas.

Revenue and Financial Highlights

• Total Revenue (Fiscal Year Ended April 30, 2025): $15.94 billion
• Revenue Breakdown:
  • Fuel: approximately 61.3% of total revenue (~$9.78 billion)
  • Prepared Food & Dispensed Beverages: ~$1.61 billion
  • Grocery & General Merchandise: ~$4.14 billion
  • Other (including wholesale fuel and lottery activities): ~$409 million
• Net Income: $546.5 million
  • Earnings Per Share (Diluted): $14.64
• Revenue Growth (Compared to FY2024): 7.3% increase, driven primarily by acquisitions (notably the Fikes purchase).

Customer Base

• Rewards Program: Over 9 million members enrolled in Casey’s Rewards, which offers points redeemable for donations, fuel discounts, and store credit.
• Customer Visits: Typically, each store carries over 3,000 packaged food, beverage, and non-food items targeted at convenience shoppers.
• Store Traffic: Heavily seasonal, with higher sales in warmer months (May-October), especially fuel and perishable food items.

Employees

• Total Employees: Approximately 49,272 (full-time and part-time combined as of April 30, 2025)
  • Full-Time Employees: 23,338
  • Part-Time Employees: 25,934
• Workforce Demographics:
  • 57% female
  • 17% diverse in race/ethnicity
  • Experienced in food service, retail, logistics, and corporate support

Operations

• Distribution Centers:
  • Ankeny, Iowa (adjacent to headquarters)
  • Terre Haute, Indiana
  • Joplin, Missouri (acquired in 2021)
• Fuel Operations:
  • Nearly all stores sell fuel on a self-service basis (except six locations)
  • Manages fuel supply through its distribution network and wholesale agreements
  • Owns a fuel terminal in Waco, Texas (acquired in November 2024)
  • Self-distributes majority of fuel; operates a fleet of ~500 tractors
• Product Offerings:
  • Broad range of products including food (pizza, breakfast items, snacks, baked goods), beverages, tobacco/nicotine products, automotive goods, health & beauty aids, and general merchandise.
  • Nearly all stores offer car washes (260 locations).

Strategic Initiatives

• Growth: Focused on expanding store count exceeding 270 new or acquired stores during fiscal 2025.
• Food & Beverage: Emphasizing high-margin prepared foods and dispensed beverages, with full kitchens installed in most stores.
• Digital Engagement: Over 9 million Rewards members; emphasizing mobile app and digital promotions.
• Fuel & Environment: Developing EV charging stations at 47 stores with 230 stations, and promoting renewable fuels like ethanol and biodiesel.

Key Financial Data Summary

• Operating Expenses (FY2025): $2.55 billion
• Depreciation & Amortization: ~$404 million
• Interest Expense: ~$84 million, increased due to new debt from acquisitions
• Earnings Per Share (Diluted): $14.64
• Adjusted EBITDA (FY2025): ~$1.2 billion

This detailed overview highlights Casey’s role as a regional convenience store operator, expanding through acquisitions and store growth, with a significant emphasis on fuel sales, prepared foods, and digital engagement initiatives.